We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Here is my trading video for the week ahead: '$EURUSD, #Pound, Volatility - The Biggest Risks and Opportunities Ahead' https://www.dailyfx.com/forex/video/daily_news_report/2019/10/19/EURUSD-Pound-Volatility---The-Biggest-Risks-and-Opportunities-Ahead-.html
  • $GBPUSD is on the verge of pushing above five-year resistance. A break above with follow-through may precede considerable upside movement. Get your GBP/USD market update from @ZabelinDimitri here: https://t.co/0qfh7TRWJn https://t.co/GImIwuGodX
  • The $AUD may resume its downtrend while the #ASX 200 stock index powers higher as dovish monetary policy drives interest rates lower. Get your market update from @IlyaSpivak here: https://t.co/UPlHZrt6c2 https://t.co/EIIf9xackw
  • (Fundamental Forecast) Australian Dollar Could Wilt if Brexit Delayed, Growth Risks Hang $AUDUSD #Brexit - https://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2019/10/19/Australian-Dollar-Could-Wilt-if-Brexit-Delayed-Growth-Risks-Hang.html?CHID=9&QPID=917702 https://t.co/2aOYhblN3g
  • The $USD faces selling pressure against the Malaysian Ringgit and Philippine Peso. More losses may be in store in $USDMYR as $USDPHP descends through rising support from 2013. Get your market update from @ddubrovskyFX here: https://t.co/t3kmFpmg1w https://t.co/miBrgxmtkA
  • $AUDJPY has launched yet another attempt to breach a multi-month downward trend resistance after failing to break above it in September. Will two consecutive defeats precede a reversal lower? Find out from @ZabelinDimitri here: https://t.co/b3nWUu0QZy https://t.co/Lj0ZSWOdp1
  • The #Euro has breached resistance guiding it lower for nearly four months, setting the stage for gains. Any near-term rise is unlikely to derail the long-term downtrend, however. Get your Euro market update here: https://t.co/gl9VRc3XEp https://t.co/K2mQuEolQc
  • We just closed out the $DXY's worst weekly tumble since January 2018...and it still hasn't cleared this frustratingly restrictive channel https://t.co/cJedpn0g8D
  • Heads Up:🇬🇧 GBP U.K. Government Sits to Discuss Brexit due at 23:01 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-10-18
  • “Gold Price Charts on Cusp of Major Breakout” - via @DailyFX Check out the preview of this week’s technical outlook for $XAUUSD below. Link to full analysis: https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/10/18/xau-usd-xauusd-gold-price-charts-on-the-cusp-of-a-major-breakout.html https://t.co/7X6nkafn7D
FX Week Ahead - Top 5 Events: US-China Trade War Talks, July China Manufacturing PMI & USD/CNH Rate Forecast

FX Week Ahead - Top 5 Events: US-China Trade War Talks, July China Manufacturing PMI & USD/CNH Rate Forecast


US-China Trade War Talking Points:

  • The July China Manufacturing PMI is due on Wednesday, July 31 at 01:00 GMT.
  • Spot USD/CNH is in the spotlight next week with the resumption of US China trade talks in addition to the latest China Manufacturing PMI data out of China which will likely show another slight contraction in economic activity.
  • USD/CNH implied volatility could rise if US-China trade tensions flare up again.

Join us on Mondays at 7:30 EDT/11:30 GMT for the FX Week Ahead webinar, where we discuss top event risk over the coming days and strategies for trading FX markets around the events listed below.

07/31 WEDNESDAY | 01:00 GMT | CNY China Manufacturing PMI (JUL)

Forex risk appetite will likely turn to US-China trade war developments early next week with top US officials scheduled to travel to China in hopes of reviving trade talks between the two countries. US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer are set to discuss trade policy with China’s Vice Premier Liu He on Tuesday and will be the first face-to-face meeting between trade negotiators since President Trump and President Xi met at the G20 Summit nearly a month ago.

Aside from US-China trade war discussions between Mnuchin, Lighthizer and He next week, China Manufacturing PMI and Services PMI data could shed light on the Chinese economy. China’s manufacturing sector has been running in contraction territory with a reading under 50.0 for the last 6 out of 7 months as tariffs and slowing global GDP growth cripple the industry. The July 2019 China manufacturing PMI is expected to cross the wires on Wednesday at 1:00 GMT with a reading of 49.6 according to Bloomberg and up from the 49.3 reading in June.

Pairs to Watch: AUDJPY, Gold, USDCNH


usdcnh price forecast, usdcnh technical analysis, usdcnh price chart, usdcnh chart, usdcnh price

With the inherit risk that hardline issues will likely go unresolved, the possibility of US President Trump threatening additional tariffs on Chinese exports cannot be ignored. As mentioned earlier this week, rhetoric between the two countries remains skeptically-optimistic at best and potential of US-China trade war escalation threatens spot USD/CNH and the closely-watched 7.0000 USD to CNH exchange rate. However, USD/CNH implied volatility could plummet further, likely to the benefit of the Chinese Yuan, if substantive developments are revealed from the US-China trade talks next week.


Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist and Rich Dvorak, Junior Currency Analyst

To contact Christopher, email him at cvecchio@dailyfx.com

Follow him in the DailyFX Real Time Newsfeed and Twitter at @CVecchioFX

To contact Rich, email him at rdvorak@dailyfx.com

Follow him in the DailyFX Real Time Newsfeed and Twitter at@RichDvorakFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.