China Says It Will Not Devalue Currency To Boost Trade
China will not devalue its currency to boost it export demand, according to Chinese Premier Li Keqiang.
"Persistent depreciation of the renminbi will only do more harm than good to our country," Li said said on Wednesday during a speech at a World Economic Forum event in the northern Chinese city of Tianjin. His comments follow a day after the U.S. and China laid out plans to hit each other with a fresh round of tariffs. Since China imports much less from the U.S. compared to the other way round, speculations are rife as to whether or not China will manage to have enough measures to 'fight' back at U.S. tariffs.
Since April, the yuan (or renminbi) has declined by around -9% against the U.S dollar, amidst U.S.-China trade wars. In July, U.S. President Donald Trump suggested that China was “manipulating” its currency yuan lower to gain advantage in international trade. Li, however, said Wednesday "The recent fluctuations in the renminbi exchange rate have been seen by some as an intentional measure on the part of China," he said. "This is simply not true."
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
CHIQ's RSI Oscillator recovers from overbought zone
The 10-day RSI Oscillator for CHIQ moved out of overbought territory on August 03, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 instances where the indicator moved out of the overbought zone. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 12, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CHIQ as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CHIQ turned negative on August 12, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHIQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
CHIQ moved above its 50-day moving average on August 28, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CHIQ crossed bullishly above the 50-day moving average on July 27, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHIQ advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHIQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 166 cases where CHIQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
Category Unknown
Advertisement