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
Wall Street
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
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • 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:
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin 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:
  • 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 US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX 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 Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX 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 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:
USD/CNH: Chinese Yuan Depreciation to Blame on Gold Selloff?

USD/CNH: Chinese Yuan Depreciation to Blame on Gold Selloff?

Gregory Marks,
USD/CNH - chinese yuan depreciation blame gold selloff.

Talking Points:

-Commodity-backed loans and bypassing capital control could include gold as well as copper.

-USD/CNH movements could be quick in any broad based liquidation of risk assets.

-Reference rate out of China for the USDollar to Yuan (CNH) continues to move higher.

In March we touched on the fact that China (consuming half of copper trade per annum) was using 80% of their imports as pure loan collateral and/or to get around capital controls. When the People’s Central Bank of China began to widen the Yuan band in the face of slowing growth and as to target some shadow financing vehicles, we saw heavy selling of copper as some highly leveraged commodity backed loans were unwound. The recent run-up in gold prices combined with the highest USD/CNY fixing rates in months may have forced the unwinding of some extremely overleveraged positions. Although the systems of financing are often complex as we saw with copper, gold has been used for some even more complex and lucrative structures surrounding the skirting of capital controls. Yesterday, USD/CNH hit its highest level since February of 2012.

In regards to the depreciating Yuan, political pressure continues to build with Treasury officials warning the Chinese not to weaken the Yuan for their economic benefit. Meanwhile, the daily reference rates out of the PBoC continue to move higher toward the ominous 6.25 mark. That is said to be the level where a large concentration of leveraged financial vehicles may experience some serious stresses. A run towards and through that mark could be quick and does provide trading opportunities for those who keep tabs on Chinese credit markets during these volatile and uncertain times.


“CNH is an offshore version of the RMB introduced by the Hong Kong Monetary Authority and People's Bank of China which allows investors outside of mainland China to gain exposure to the RMB.” Read more about the ability to trade USD/CNH with FXCM.

Read more about Chinese credit markets and the danger of the 6.25 level.

Gregory Marks, DailyFX Research Team

Keep up to date on event risk with the DailyFX Calendar.

How does a Currency War affect your FX trading?

Read more USD/CNH news here

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