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
Bullish
Oil - US Crude
Bullish
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/dWaWQ0MK1V https://t.co/GIR5NQK5G7
  • Italian PM Conte confirms to cabinet that he is resigning - government source https://t.co/tYi5sjp79w
  • BoJ's Kuroda says monetary policy does have some limits in trying to achieve inflation target $JPY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 66.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RaCg87Zqau
  • Yen, Dollar May Extend Rise as Stocks Fall After China Drains Liquidity - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/26/US-Dollar-May-Extend-Rise-as-Stocks-Fall-After-China-Drains-Liquidity.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #Dollar #jpy #China #PBOC https://t.co/l14R7r65XH
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/YPng7ACJtV
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 0.13% Gold: 0.05% Oil - US Crude: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EPww5cFVWS
  • 'We're going on bear hunt....' https://t.co/ejyyLFmhj8
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.02% 🇨🇭CHF: -0.08% 🇪🇺EUR: -0.10% 🇳🇿NZD: -0.22% 🇦🇺AUD: -0.33% 🇬🇧GBP: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/A3NmWO1BdA
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.24% FTSE 100: 0.16% France 40: -0.05% Wall Street: -0.46% US 500: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/HpRrB8QiTm
Chinese Media Takes Positive Tone, Saying ‘Fight Back’ is On

Chinese Media Takes Positive Tone, Saying ‘Fight Back’ is On

Renee Mu, Currency Analyst

- Major Chinese media changed tone on the outlook of Chinese stock markets; moving towards positivity.

- Reforms on the state-owned enterprises and health care systems are moving forward with breakthroughs.

- Recent drops in Chinese stocks may hasten the rollout of the Shanghai-Hong Kong Stock Connect program (SHSC).

Market Sentiment

Sina News: China’s most important online media source, similar as CNN in the US. Also owns a Chinese version of Twitter, called Weibo, with around 200 million active usersmonthly

Comments on the Stock Market:

  • Positive tone (emphasis on pulling back in down-trend): 3 headlines, 8 general pieces.
  • Neutral tone (facts & discussion): 0 headline, 3 general pieces.
  • Negative tone (concern on the outlook): 0 headline, 3 general pieces.

Overall tone: Positive.

Hexun News: Chinese leading online media of financial news

Comments on the Stock Market:

  • Positive tone (emphasis on pulling back in down-trend): 3headlines, 4 general pieces.
  • Neutral tone (facts & discussion): 2 headlines, 5 general pieces.
  • Negative tone (concern on the outlook): 0headline, 2 general pieces.

Overall tone: Positive to Neutral.

Sohu News: Chinese top three online media

Comments on the Stock Market:

  • Positive tone (emphasis on pulling back in down-trend): 1 headline, 4 general pieces.
  • Neutral tone (facts): 1 headline,5 general pieces.
  • Negative tone (concern on the outlook): 2 headlines, 3 pieces.

Overall ton: Neutral.

Headline News

Sohu News:

- Local governments are accelerating the asset-securitization process. State-owned enterprises worth a total amount of 30 trillion yuan or more are expected to enter the stock market in the following years. Asset-securitization is the most important reform on stated-owned enterprises. It could help them change to a mixed-ownership structure from the current state-controlled structure. As of today, 20 provinces have released their asset-securitization targets. The average target asset securitization ratio is above 50%.

Sina News

- Chinese State Council issued Guidelines to integrate health care systems in urban and rural areas and to establish a standard system. This requires employers to provide basic insurance to migrant workers. This is another step in Chinese health care reform. Chinese households traditionally have high savings rates in order to cover two major costs: health care and education. Reforms in the health care system will help to release stored capital in the long run, and in-turn bring additional momentum to domestic consumption within the economy.

- Hong Kong’s Hang Seng Index dropped below 20,000 following the Yuan’s devaluation. Plunges in both Hong Kong and mainland markets may speed up the launch of the Shenzhen-Hong Kong Stock Connect (SHSC) program, which was originally planned to release in the second quarter of 2016. The scheme will allow investors in Hong Kong and Shenzhen markets to trade individual stocks listed on the other exchange. Unlike the widely-blamed circuit-breaker system, a pioneer program, Shanghai-Hong Kong Stock Connect, was launched in November 2014 and showed promise, which adds more confidence to the SHSC program.

Caixin News:

- Overnight Yuan HIBOR jumped to record high of 66.82%. This is a side effect of the PBOC stamping out Yuan short speculation by increasing borrowing costs. China’s central bank has two ways to intervene towards Yuan’s liquidity at the offshore market: One is to purchase Yuan and sell the Dollar through agent banks in the foreign exchange market. The other is to reduce the Yuan’s supply at Hong Kong commercial banks. The spokesman of Hong Kong Monetary Authority said today that the HIBOR system is functioning well overall. The authority has increased yuan’s liquidity appropriately.

More detailed analysis about last night’s HIBOR read Offshore Yuan Rate Jumps to 66.82% - What is Going On?

Written by Renee Mu, DailyFX Research Team

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

DISCLOSURES