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Strategies & Market Trends : Technical analysis for shorts & longs

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Feb 10 4:00 PM EST

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To: Johnny Canuck who wrote (70629)	2/9/2026 12:25:21 PM
From: Johnny Canuck	Read Replies (2) of 70668

Conversation with Gemini Summarize: m.youtube.com This video from House of El discusses the strategic move by China to promote the Renminbi (Yuan) as a global reserve currency, timed with the U.S. dollar hitting a six-year low in early 2026. The Strategic Timing The Announcement: On February 1, 2026, China published a 2024 speech by Xi Jinping outlining plans to make the Renminbi a global reserve currency [ 00:29]. Economic Context: The release coincided with the U.S. dollar index dropping to 95.5, its lowest point since 2022, amid Federal Reserve leadership transitions and tariff-related uncertainty [ 00:54]. China’s Three-Pillar StrategyChina is systematically building the infrastructure needed for reserve status [ 02:20]: A Powerful Central Bank: Capable of attracting global capital. Liquid Financial Markets: Deep markets where investors can easily trade. Widespread Usage: Embedding the currency in international trade rather than just central bank reserves. Key Developments in De-dollarization Trade Finance: The Renminbi is now the world's second-largest trade finance currency [ 01:47]. Bilateral Trade: Russia and China have shifted 99.1% of their trade to rubles and yuan [ 06:05]. Brazil-China trade now sees 40% settlement in local currencies [ 06:23]. Alternative Systems: China developed CIPS (Cross-Border Interbank Payment System) as an alternative to SWIFT, reducing vulnerability to U.S. sanctions [ 02:55]. The "Exorbitant Privilege" at Risk The U.S. currently benefits from being able to print money the world must hold, allowing it to fund large deficits [ 04:45]. As confidence in U.S. policy stability wavers—cited by Germany’s financial regulator BaFin—central banks are diversifying away from the dollar [ 04:00]. Future Outlook Commodity Markets: The narrator predicts a major shift if oil exporters like Saudi Arabia begin accepting Renminbi for oil [ 09:36]. Digital Integration: The e-CNY (digital yuan) is being promoted to make cross-border payments faster and cheaper than traditional banking [ 10:01]. Strategic Goal: China doesn't need to fully replace the dollar; they only need enough adoption to limit the effectiveness of U.S. financial sanctions [ 07:26]. Watch the full video here: m.youtube.com DOLLAR LOSES RESERVE STATUS - Xi Releases Plan as US Currency CRASHES to 6-Year Low House of El · 53K views Gemini is AI and can make mistakes.

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