US Monthly PPI will be announced on Friday at 15:30 MT time.
Chinese yuan weakens as risk-on sentiment fades
Information is not investment advice
The trade tensions between the US and China weakened the offshore yuan. USD/CNH has risen above the weekly pivot resistance at 6.8828. At the moments bulls are targeting the next resistance at 6.9221. Such oscillators as Stochastics and RSI show that the market is in the overbought conditions. If bears take over the market, they will pull the pair to the support near the 200-day SMA at 6.8254.
All the interesting market movements are here!
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.