News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
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
Oil - US Crude
Mixed
Low
High
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
Wall Street
Bearish
Low
High
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
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkzWwW https://t.co/9j004hyzUZ
  • Learning how to trade does not have to feel foreign. Hone your skills and build your confidence with free DailyFX guides today! https://t.co/lnxaQOsgid https://t.co/7myL4vGnt8
  • Using margin in forex trading is a new concept for many traders, and one that is often misunderstood. Margin is the minimum amount of money required to place a leveraged trade and can be a useful risk management tool. Learn about margin trading here: https://t.co/qZCE5asCzM https://t.co/yxE0OmLIP0
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUd00T https://t.co/iSrjZTeWwf
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/WeLInepZiD https://t.co/7B0KI8HehW
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM73cHA https://t.co/vGW5BygTXU
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/xngExEdFdu https://t.co/kqpJ6oGXgt
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/F4dXbUzU3o https://t.co/G0ZWWVtSrZ
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfIZNKr https://t.co/5js6tWk5bY
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/Z71MZEIJWC https://t.co/YAr1kN4eKd
Yuan Eyes on New Yuan Loans, Trade Prints

Yuan Eyes on New Yuan Loans, Trade Prints

Renee Mu, Currency Analyst
Yuan Eyes on New Yuan Loans, Trade Prints

Fundamental Forecast for CNH: Neutral

The Chinese Yuan retraced against the U.S. Dollar this week, but remained within an upward channel (downward for the USD/CNH). Both the July FOMC minutes and the Non-Farm Payrolls report added mixed moves to Dollar pairs, including the USD/CNH; neither was able to generate enough momentum to lead a major breakout in the USD/CNH. Looking forward, a heavy economic calendar has the Yuan at risk from home: Consumer Price Index (CPI), New Yuan Loans as well as China’s exports and imports will be top indicators to watch.

Maintaining a good trade relationship with its major counterparts has become one of the challenges that China faces, amid the rise of protectionism seen worldwide. Avoiding conflicts with trade partners, especially the U.S., has been set as a priority by China. The risk was curbed after Trump-Xi’s meeting, but this does not mean it has been fully eased, as the trade deal between China and the U.S. for the coming periods is still unknown. China’s Deputy Minister of Finance Zhu Guangyao told at a US-China business leaders’ dialogue meeting in late June that “the two countries are working on trade practices following the 100-day plan”. On July 6th, he told at a press briefing that promoting free trade will be one of the targets for China at the G20 leaders meeting.

In terms of China’s exports in June, Bloomberg forecasts that the gauge will expand at a faster pace of 9.0% from 8.7% in May. More importantly, investors will want to take a look at the breakdown of the gauge by country, which will provide more clues on China’s trade conditions with its major counterparts. Also, remember China will release the second quarter GDP in two weeks. As a component to the GDP, June trade figures could impact the final estimation of the economic growth in the second quarter.

Gauges that can influence China’s monetary policy are worth to watch as well. China’s Consumer Price Index is expected to rise 1.6% in June from 1.5% in the month prior, though both figures are still distant from the target 3%. With a relatively low inflation, the PBOC is less likely to increase benchmark rates. On the other hand, the regulator is neither likely to cut rates despite of the economic slowdown. In the 2017 China Financial Stability Report released by the PBOC this week, the regulator said that the risk of housing price bubbles remained elevated in some regions and the home loans’ proportion of total new yuan loans was still high. In May, home loans have taken up over 50% of the total loans. Before the ratio drops to a desired level, the PBOC will mostly likely keep monetary policy neutral, which is tighter than last year.

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

DISCLOSURES