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Message: [QUOTE="Zerologic, post: 240455, member: 126754"] [ATTACH type="full"]31107[/ATTACH] Gap down on the USD/CNH pair at market opening this week In weekend trading the USDCNH pair drew a bearish candle with a short body and shadows on the top and bottom of the candle with a high of 7.3577, a low of 7.3329, a close of 7.3404 on FXOpen. At market opening, there is a gap down, the opening price is far below the previous closing price. Today's opening price was at 7.3285 and tried to rise to recover the gap. Traders today will be looking forward to the inauguration of Donald Trump as American president with the possibility that there will be important information regarding the level and size of incoming import tariffs. Analysts estimate that these import tariffs will increase inflation and impose obstacles on America's trading partners to some extent. Especially against China, which in the Trump campaign will increase tariffs to more than 60%. Of course, this will affect China's exports to America at higher costs. In two weeks the Yuan currency strengthened slightly, this was supported by China's GDP annual growth of 5.4% in the fourth quarter was the best in 18 months and exceeded expectations by almost half a percent, indicating the fiscal stimulus in 2024 has been successful. US economic growth is still better than China's, but the US will face challenges from inflation which is expected to soar. Unemployment in China remains relatively high at 5.1% compared to 4.1% in the United States. Investors may be waiting to see how geopolitical developments will develop after Trump implements import tariffs, this could trigger a trade war between China and the US again with escalation in the next few weeks. Today China will release the 1-y Loan Prime Rate which is predicted to be the same as the previous revision of 4.10% and the 5-y Loan Prime Rate is predicted to be 3.60%. Investors use this data for currency valuation and predicting how interest rates will change in the future. [/QUOTE]

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