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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • 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:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
Yuan Torn between Milestone Opening up, Private Investment Concern

Yuan Torn between Milestone Opening up, Private Investment Concern

Renee Mu, Currency Analyst
Yuan Torn between Milestone Opening up, Private Investment Concern

Fundamental Forecast for CNH: Neutral

  • The overcast of major trade conflicts is removed after Trump-Xi meeting, economic outlook improved.
  • China announced milestone opening up in financial markets: limits on foreign firms are loosened.
  • Private investment in fixed assets, which impacts the recovery pace, could drop further in October.

When market volatility elevates, how to manage risks? Find out now!

The Chinese Yuan (CNH) lost against all G10 currencies on a weekly basis, the least to the USD and the most to the GBP. This week, U.S. President Donald Trump paid his first official visit to Beijing and met the Chinese President Xi Jinping. The foreign exchange rate was not expected to be a major topic; moderate guidance rates set by the PBOC and stable offshore borrowing rates (HIBOR) helped the topic to stay away from the spotlight. Market reactions to Trump-Xi meetings were unremarkable. Yet, there are a couple of important decisions made at the meetings that could impact the outlook of the economy and its financial markets.

One immediate outcome from Trump-Xi meetings is that tensions in trade between the two largest economies have largely reduced. The two parties reached a series of business deals, worth US $253.5 billion in total. These include China to import natural gas, ethane and other energy resources from the U.S; Chinese firms to purchase American aircrafts and parts, as well as agriculture products. For the U.S., these deals will not only increase its exports to China but also are expected to create domestic jobs; for China, importing high-tech products could help the country accelerate its industrial upgrading. With these progress, the risk of a ‘trade war’ has been curbed, which meets one of China’s priorities.

A longer-term impact: China took a major step to open its financial market after the meeting. The country announced to loosen ownership rules on foreign-invested enterprises. Details revealed on Friday, including that overseas firms will be allowed to own up to 51% of shares in Chinese securities, fund management companies and futures; the limit will be removed completely after three years. Amid foreign companies to increase their shares in Chinese firms, the process of China making it financial markets more market-oriented could be escalated. Also, overseas increasing their presence in China could bring in more capitals and further ease the pressure on foreign reserves.

In terms of event risks in the coming week, China’s fixed assets investment and private investment in fixed assets are worth to keep an eye on. Private investment has taken up over 60% of total investment, according to the Vice Chair of National Development and Reform Commission; jobs created by private business accounted for roughly 80% of all; the private sector contributed to about 60% of the total GDP. As a result, the expansion rate in private investment in fixed assets could determine the pace of the economic recovery. Since the end of the second quarter, the growth rate of private investment has been declining; it dropped to 6% in September, the lowest in 2017. The October print will be released on November 14th Beijing time.

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