Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

Technical Analysis

<ul>
<li>The market is in a consolidation since May 2017, with an acceleration since June 2018.</li>
<li>3.00% is a key graphical level. The mathematical indicators (21-day RSI) are showing bullish divergences which have been triggered.</li>
<li>The similarity of behaviors since the beginning of 2018 is advocating for a bullish reaction of the 5y outright swap (CCNWNI5 curncy) <a href="https://www.smartkarma.com/entities/22820" target="_blank" data-smartkarma-citation="entities:22820:1">CNY (USDCNY CURNCY)</a> above 3.00% towards 3.47/3.60%.</li>
<li>In addition, The CNY swap 1y is expected to be paid above 2.68% towards 3.10/3.15%. It makes…</li>
</ul>


The market is in a consolidation since May 2017, with an acceleration since June 2018.
3.00% is a key graphical level. The mathematical indicators (21-day RSI) are showing bullish divergences which have been triggered.
The similarity of behaviors since the beginning of 2018 is advocating for a bullish reaction of the 5y outright swap (CCNWNI5 curncy) CNY (USDCNY CURNCY) above 3.00% towards 3.47/3.60%.
In addition, The CNY swap 1y is expected to be paid above 2.68% towards 3.10/3.15%. It makes…


CNY

Chinese Swaps: Bullish Reaction Expected