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
Bearish
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
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇯🇵 Coincident Index Final (NOV) due at 05:00 GMT (15min) Expected: 89.1 Previous: 89.4 https://www.dailyfx.com/economic-calendar#2021-01-27
  • Heads Up:🇯🇵 Leading Economic Index Final (NOV) due at 05:00 GMT (15min) Expected: 96.6 Previous: 94.3 https://www.dailyfx.com/economic-calendar#2021-01-27
  • BoJ Governor Kuroda: - ETF purchases goal is to lower risk premium - ETF purchases not intended to raise stock prices - BBG
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:https://t.co/HuXPXu5PFU https://t.co/YCSGO04Aud
  • Crude oil prices are underpinned by an unexpected fall in US crude inventories, as well as a softening US Dollar. The API reported a substantial 5.27-million-barrel draw in crude inventories, far larger than the baseline forecast of a 0.43-million-barrel rise. https://t.co/F2bQ58LVHl
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.41% Gold: -0.19% Silver: -0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gyzo42h8OQ
  • (Sentiment Weekly) Canadian Dollar, Crude Oil Forecast: Will USD/CAD, WTI Fall as Long Bets Rise? (plus recording of today's webinar on IG Client Sentiment within the article below) https://www.dailyfx.com/forex/technical/article/special_report/2021/01/27/Canadian-Dollar-Crude-Oil-Forecast-Will-USDCAD-WTI-Fall-as-Long-Bets-Rise.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/hsw0vma7CL
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇬🇧GBP: -0.02% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.14% 🇳🇿NZD: -0.14% 🇨🇦CAD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Dc4gyvBsZb
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/PxfRaYC4Pj
  • China's Ministry of Industry and Information Technology releases measures aimed at accelerating the reduction of steel output - BBG
Chinese Media Eyes Critical China GDP Growth Figures Tomorrow

Chinese Media Eyes Critical China GDP Growth Figures Tomorrow

Renee Mu, Currency Analyst

This daily digest will focus on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations, and broader economic coverage in order to keep the DailyFX reader up-to-date on news typically covered only in Chinese-language sources.

-China will start to implement RRR on offshore banks’ domestic deposits from January 25.

- PBOC injected 55 billion yuan to the market through the Short-Term Liquidity Operations program.

- Chinese real estate sector shows uneven development in first-tier, second-tier and third-tier cities.

To receive reports from this analyst, sign up for Renee Mu’ distribution list.

PBOC News: China’s central bank

- China’s central bank will start to implement a reserve requirement ratio (RRR) on offshore financial institutions’ domestic deposit from January 25. The current 0% rate was set by the central bank on December 2014. PBOC said after one year’s preparation, it is the time to implement a normal RRR rate on offshore financial institutions so as to complete the setup of Chinese RRR system. Also, the central bank mentioned that the new policy won’t affect the yuan’s liquidity despite the fact that the increased RRR may raise the cost of speculation on yuan-short positions.

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

- Heads-up: the 4th quarter and yearly GDP ratios of 2015 are going to be released on January 19, local time. Economists said despite of improved fundamentals in the last few months, the overall economy is still lack of momentums to rebound. As a result, the yearly GDP is likely to break 7% for the first time since 1990.

- China’s central bank continued to inject liquidity into the market. On January 18, PBOC issued a total amount of 55 billion yuan through Short-Term Liquidity Operations (SLO) tool. The interest rate of the 3-day loans is 2.10 percent. This is the third time in two weeks that China’s central bank pumped liquidity into the banking system. The previous two times are through Medium-term Lending Facility (MLF) tool and Reverse-Repos tool.

- Stock market: Shanghai Composite Index rose 0.44%. The market may be seeing early signs of rebound.

Overall tone on the outlook of stock market from Sina News: Positive.

Sohu News: Chinese top three online media

- Chinese real estate sector shows uneven development in different cities. According to a report released by National Bureau of Statistics on January 18, the housing prices in the first-tier and second-tier cities have been recovering from the low level of the beginning of 2015. In last December, 39 out of 70 large-to-median cities are seen increased housing prices. At the same time, most third-tier cities still face high inventory issues, with declined real estate prices on a yearly basis.

- Stock market: A-share stocks hit high and pulled back. Analysts warned investors of blind optimism.

Overall tone on the stock market from Sohu News: Mixed

Hexun News: Chinese leading online media of financial news

- Chinese tungsten and rare earths industries lost significantly in 2015. Tungsten and rare earths are important raw materials used in the production of various electronic goods and hard metals. The price of tungsten dropped by over 40% in 2015 and the price of rare earths fell to a five-year low level. This is certainly bad news for Chinese raw material firms as China is responsible for roughly 90% of world’s mined output of rare earth and 80% of tungsten. However, it may be good news for China’s downstream industries as China also consumes approximately 70% of global production. For international consumers, it is not necessarily good as China is trying to reduce export and put quota so as to preserve the raw material.

- Stock market: ChiNext board rose nearly 3%. Positive news may drive the market rebound.

Overall tone on the outlook of stock market from Hexun News: Positive.

Written by Renee Mu, DailyFX Research Team

To receive reports from this analyst,sign up for Renee Mu’ distribution list.

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

DISCLOSURES