US Dollar-Chinese Yuan vs Invesco Base Metals ETF
USDCNH is at a strong monthly trend-line support, with positive divergence.
In relation to Resources (Inverse chart of Invesco Base Metals ETF in the upper panel), a medium term reversal (weaker a Yuan) could see the weakness in base metals continue to hold.
At a locally level, a weaker ZAR is meant to provide a buffer for J210 but to what extent?
In relation to Resources (Inverse chart of Invesco Base Metals ETF in the upper panel), a medium term reversal (weaker a Yuan) could see the weakness in base metals continue to hold.
At a locally level, a weaker ZAR is meant to provide a buffer for J210 but to what extent?