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."
CHIQ in downward trend: 10-day moving average moved below 50-day moving average on June 25, 2025
The 10-day moving average for CHIQ crossed bearishly below the 50-day moving average on June 25, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for CHIQ turned negative on June 13, 2025. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
CHIQ moved below its 50-day moving average on June 26, 2025 date and that indicates a change from an upward trend to a downward trend.
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 .
The Aroon Indicator for CHIQ entered a downward trend on July 01, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where CHIQ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on July 03, 2025. You may want to consider a long position or call options on CHIQ as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 290 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.
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