{"id":2280,"date":"2015-08-11T20:12:01","date_gmt":"2015-08-11T20:12:01","guid":{"rendered":"http:\/\/www.forexearlywarning.com\/blog\/?p=2280"},"modified":"2023-04-17T16:39:54","modified_gmt":"2023-04-17T16:39:54","slug":"chinese-yuan-devaluation","status":"publish","type":"post","link":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/","title":{"rendered":"Chinese Yuan Devaluation Creates Forex Trading Opportunities"},"content":{"rendered":"

Today in forex news the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2% against the US Dollar (USD). The People’s Bank of China made this move due to the recent economic slowdown there, but was still very sudden and unexpected. This was the biggest one day drop in the value of the Yuan in 20 years. Chinese Yuan devaluation against the US Dollar by 2% is hoped to boost the Chinese economy.<\/p>\n

This devaluation caused a strong reaction in the forex market. Currencies in the Asian region and currencies of Chinese trading partners were affected by the devaluation. The Japanese Yen (JPY), the Australian Dollar (AUD), and the New Zealand Dollar<\/em><\/a><\/strong> (NZD) were all affected by today’s devaluation. Most of the price movement and opportunities for forex traders today resulting from the Chinese Yuan devaluation were on these three currencies.<\/p>\n

Chinese Yuan Devaluation, Impact On Traders<\/h2>\n

The AUD and NZD both tumbled on the Chinese Yuan devaluation news, but the Euro (EUR) also strengthened.\u00a0 This produced strong movements in the EUR\/AUD and EUR\/NZD pairs. The EUR\/CAD also moved up strong as all commodity based currencies reacted to the devaluation news.<\/p>\n

The impact of the devaluation news can produce intraday or trend based trading profits for forex traders. As you can see below, the trading opportunities on the AUD pairs alone was significant. The live indicators shown below, The Forex Heatmap\u00ae indicated buy signals on the EUR\/AUD, EUR\/NZD and EUR\/CAD for intra-day or potential longer term buys. All three of these pairs are currently in up trends. This is a valuable lesson on how scheduled or unscheduled forex news or global events can bring profits to any trader. Using this type of real time signal system<\/strong><\/em><\/a> is highly beneficial.<\/p>\n

\"Chinese<\/a>

Chinese Yuan Devaluation<\/p><\/div>\n

\"Chinese<\/a>

Chinese Yuan Devaluation AUDCAD<\/p><\/div>\n

The movements shown are significant intraday price movements. A 1.69 percent movement in the AUD\/USD is about 120 pips, and a 0.79% movement in the EUR\/AUD is about 135 pips. Since the EUR\/AUD is trending up on the higher time frames, traders can use the Chinese Yuan Devaluation news as and entry point into the trend. Traders can also move their stops to break even, thus preserving their upside potential for even more pips. All traders should consider using The Forex Heatmap\u00ae in their trading tool set, along with some simple forex trend indicators<\/em><\/a><\/strong>.<\/p>\n

Currency Devaluations and Interventions<\/h2>\n

It is important to remember that government interventions and devaluations have been tried many times in the past with various currencies. These devaluations and short term price fluctuations are artificial, and usually short term, due to the high liquidity of currency markets. The overall market forces like the larger time frame trends and interest rate direction will always be the strongest guide for the direction of currencies like the Chinese Yuan, plus the 8 currencies we follow with our trading system.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today in forex news the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2% against the US Dollar (USD). The People’s Bank of China made this move due … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[66],"tags":[],"yoast_head":"\nChinese Yuan Devaluation Creates Forex Trading Opportunities<\/title>\n<meta name=\"description\" content=\"Today the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Yuan Devaluation Creates Forex Trading Opportunities\" \/>\n<meta property=\"og:description\" content=\"Today the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/\" \/>\n<meta property=\"og:site_name\" content=\"Forex Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-11T20:12:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-17T16:39:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.forexearlywarning.com\/blog\/wp-content\/uploads\/Chinese-Yuan-Devaluation-1-300x124.jpg\" \/>\n<meta name=\"author\" content=\"Mark Mc Donnell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@forexearly\" \/>\n<meta name=\"twitter:site\" content=\"@forexearly\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Mc Donnell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/\",\"url\":\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/\",\"name\":\"Chinese Yuan Devaluation Creates Forex Trading Opportunities\",\"isPartOf\":{\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/#website\"},\"datePublished\":\"2015-08-11T20:12:01+00:00\",\"dateModified\":\"2023-04-17T16:39:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/#\/schema\/person\/1dc73e14b64379e0c30035b0e50b6f6b\"},\"description\":\"Today the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2%\",\"breadcrumb\":{\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.forexearlywarning.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Yuan Devaluation Creates Forex Trading Opportunities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/#website\",\"url\":\"https:\/\/www.forexearlywarning.com\/blog\/\",\"name\":\"Forex Blog\",\"description\":\"Forex Trends, Forex Trading Signals\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.forexearlywarning.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/#\/schema\/person\/1dc73e14b64379e0c30035b0e50b6f6b\",\"name\":\"Mark Mc Donnell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.forexearlywarning.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/dbdad90245e3bb0473b2489ebbefbb8c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/dbdad90245e3bb0473b2489ebbefbb8c?s=96&d=mm&r=g\",\"caption\":\"Mark Mc Donnell\"},\"description\":\"Mark Mc Donnell is the founder of Forexearlywarning, we provide spot forex trading plans and signals across 28 currency pairs.\",\"sameAs\":[\"http:\/\/www.forexearlywarning.com\/\"],\"url\":\"https:\/\/www.forexearlywarning.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese Yuan Devaluation Creates Forex Trading Opportunities","description":"Today the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2%","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/","og_locale":"en_US","og_type":"article","og_title":"Chinese Yuan Devaluation Creates Forex Trading Opportunities","og_description":"Today the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2%","og_url":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/","og_site_name":"Forex Blog","article_published_time":"2015-08-11T20:12:01+00:00","article_modified_time":"2023-04-17T16:39:54+00:00","og_image":[{"url":"https:\/\/www.forexearlywarning.com\/blog\/wp-content\/uploads\/Chinese-Yuan-Devaluation-1-300x124.jpg"}],"author":"Mark Mc Donnell","twitter_card":"summary_large_image","twitter_creator":"@forexearly","twitter_site":"@forexearly","twitter_misc":{"Written by":"Mark Mc Donnell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/","url":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/","name":"Chinese Yuan Devaluation Creates Forex Trading Opportunities","isPartOf":{"@id":"https:\/\/www.forexearlywarning.com\/blog\/#website"},"datePublished":"2015-08-11T20:12:01+00:00","dateModified":"2023-04-17T16:39:54+00:00","author":{"@id":"https:\/\/www.forexearlywarning.com\/blog\/#\/schema\/person\/1dc73e14b64379e0c30035b0e50b6f6b"},"description":"Today the Chinese Yuan devaluation created strong movement and trading opportunities for forex traders. The Chinese Yuan (CNY) was allowed to appreciate 2%","breadcrumb":{"@id":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.forexearlywarning.com\/blog\/2015\/08\/11\/chinese-yuan-devaluation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.forexearlywarning.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Chinese Yuan Devaluation Creates Forex Trading Opportunities"}]},{"@type":"WebSite","@id":"https:\/\/www.forexearlywarning.com\/blog\/#website","url":"https:\/\/www.forexearlywarning.com\/blog\/","name":"Forex Blog","description":"Forex Trends, Forex Trading Signals","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.forexearlywarning.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.forexearlywarning.com\/blog\/#\/schema\/person\/1dc73e14b64379e0c30035b0e50b6f6b","name":"Mark Mc Donnell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.forexearlywarning.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/dbdad90245e3bb0473b2489ebbefbb8c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dbdad90245e3bb0473b2489ebbefbb8c?s=96&d=mm&r=g","caption":"Mark Mc Donnell"},"description":"Mark Mc Donnell is the founder of Forexearlywarning, we provide spot forex trading plans and signals across 28 currency pairs.","sameAs":["http:\/\/www.forexearlywarning.com\/"],"url":"https:\/\/www.forexearlywarning.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/posts\/2280"}],"collection":[{"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/comments?post=2280"}],"version-history":[{"count":35,"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/posts\/2280\/revisions"}],"predecessor-version":[{"id":7525,"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/posts\/2280\/revisions\/7525"}],"wp:attachment":[{"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/media?parent=2280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/categories?post=2280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexearlywarning.com\/blog\/wp-json\/wp\/v2\/tags?post=2280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}