Xi Jinping Explicitly Promotes Renminbi Internationalization
- Globalization Ambition: Xi Jinping explicitly stated in Qiushi that China must create a 'powerful currency' for widespread use in international trade and investment, aiming to elevate the renminbi to global reserve currency status, reflecting China's urgent pursuit of reforming the global monetary system.
- Weak Dollar Context: With Trump labeling the dollar's decline as 'great', the currency has fallen to its lowest level in four years, prompting central banks to reconsider their dollar exposure, which presents an opportunity for the renminbi's rise amid potential shifts in the global economic order.
- Financial Hub Development: Xi called for a 'powerful central bank' and globally competitive financial institutions, envisioning Shanghai and Shenzhen as international financial centers that attract global capital and influence pricing, indicating China's strategic positioning in the financial sector.
- Renminbi's Trade Position: Although the renminbi has become the second-most used currency for trade finance, it only accounts for 1.93% of official reserves, significantly trailing the dollar's 57%, highlighting the challenges China faces in promoting the renminbi internationally, particularly the need for full capital account convertibility.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.51 | 2.265 | 3.09 | 3.845 | 4.67 | 5.425 | 6.25 |
| Fibonacci | 2.265 | 2.868 | 3.241 | 3.845 | 4.448 | 4.821 | 5.425 |
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