WWM - Analytics

WWM

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Yuan Retreats as Chinese Manufacturing Contracts

CNY (onshore Yuan) traded to just over the 61.8 percent Fibonacci retracement of the Yuan's 3 1/2 year bull run (6/11/10-1/14/14).

CNH (offshore Yuan) traded through the 76.4% Fibonacci retracement of its 3 year run (9/1/10-1/14/14).

Chinese manufacturing PMI contracts for 10 straight months and 12 of last 13 (Caixin). 

WorldWideMarkets

Charts: Bloomberg

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