Intermediate Cycles Shift for China, Yuan & Shanghai Composite. Turn Focus to April/May ‘19 for Next Shift.
Intermediate Cycles Shift for China, Yuan & Shanghai Composite. Turn Focus to April/May ‘19 for Next Shift.
01/30/19 INSIIDE Track – Currency Wars; The Next Act:
“East v. West
The global battle against US Dollar hegemony has been discussed repeatedly. This involves the fundamental attack – against the US Dollar – that has been forecast for 2013 – 2021. (Simultaneously, the technical analysis for the forex value of the Dollar has been projected to rise through a good portion of this multi-year period, masking what is chipping away at the underlying foundation of the Dollar.)
That included the launching of the BRICS New Development Bank and the Asian Infrastructure Investment Bank, the Shanghai (Yuan-based) gold fix, multi-decade oil refining & transporting agreements (with Saudia Arabia, Russia, etc.), and the Yuan’s inclusion into the IMF’s Strategic Drawing Rights… among many other developments.
China (and Russia) are mounting this challenge, or battle, against Dollar supremacy, in a repeat of the Currency Wars and currency battles that have resurfaced on a consistent 40-Year Cycle. That was and is expected to usher in a crescendo in the final months or years of this 2013 – 2021 period.”
Late-2018 ushered in a pivotal time for Chinese equities, the Chinese currency (Yuan) and China/US relations, when decisive shifts were anticipated. The Shanghai Composite bottomed, as did the Yuan, and both are entering an upswing that could last a few months. On a broader scale, China cycles continue to focus on a larger-magnitude paradigm shift projected to take hold in 2018 – 2021 – following the culmination (and transition) of longer-term cycles in 2013 -2017. This portends intensifying economic and trade battles as this cycle plays out. Military battles are also an increasing possibility as we near 2021. Watch mid-2019 – mid-2020!
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.