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
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • The Canadian Dollar has been caught in broad ranges against the Euro and the US Dollar, but can the upside bias in USD/CAD and EUR/CAD prolong? Find out here:
  • Want to hear my thoughts on the US Dollar? Check out yesterday's recording with #AuzBiz hosted by @KaraOrdway on 'The Trade' We discussed a #USD index, Treasury yields, $USDJPY, $AUDUSD and $NZDUSD
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:
  • Feels like the market has been front-running next week’s FOMC announcement, which will reveal updated dot plot projections. Expectations clearly set for a more hawkish shift in guidance. That said, if the Fed does not deliver, US Dollar bulls could be disappointed. $USD $DXY
  • USD/CAD has been chopping around the past week-and-a-half, offering virtually no cues on its next direction. Get your market update from @PaulRobinsonFX here:
China's Market News: PBOC says Yuan's Daily Trading Volume is $300B

China's Market News: PBOC says Yuan's Daily Trading Volume is $300B

Renee Mu, Currency Analyst

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

- A Chinese central bank official said the current daily trading volume of the Yuan is roughly $300 billion in both onshore and offshore markets.

- The banking regulators issued new rules to promote sectors that may generate new consumption.

- The central government expenditure is expected to increase +7% to ¥2.7355 trillion yuan in 2016.

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

China Finance Information: A finance online media administrated by Xinhua Agency

- Earlier, a People’s Bank of China (PBOC) official said that the current daily trading volume of the Chinese Yuan is roughly $300 billion. Specifically, the trading volume in the offshore market is between $240-250 billion. He also said that it is hard to properly regulate the Yuan’s offshore market, but a health offshore market is very important for the development of the currency.

In terms of the Chinese Cross-Border Inter-Bank Payments System (CIPS), the official said the regulator is promoting phase II projects, which are designated to improve the efficiency of Yuan’s cross-bordersettlements. CIPS is a Yuan-denominated payment system designed to compete with the US Dollar-backed SWIFT.

PBOC News: China’s Central Bank

- China’s central bank and the China Banking Regulatory Commission published a joint announcement in the effort to provide financial supports to sectors that can generate new consumptions. For example, the regulators now allow automobile dealers to determine the down payment ratio for new energy cars and second-hand cars by themselves, as long as the minimum ratios remain above 15% and 30% respectively. China’s economy is slowly transforming from one driven by foreign investment towards one driven by domestic consumption. The announcement is a detailed measure designated to promote this transition on a more micro level.

Sina News: China’s most important online media source, similar to CNN in the US. They also own a

Chinese version of Twitter, called Weibo, with around 200 million active usersmonthly.

- The Finance Ministry published a detailed budget plan for 2016. The central government income is expected to increase by +2.2% to ¥7.057 trillion yuan; the central government expenditure is expected to increase by +7% to ¥2.7355 trillion yuan. The business tax is expected to drop -73.5% to 4 billion yuan due to tax reforms. Personal income tax is expected to increase +9.8% to 5.680 trillion yuan.

The spokesman of the Finance Ministry said that China will continue to adopt a proactive fiscal policy in 2016. The current debt-to-asset ratio of the government is 40%, relatively low compared to the global average. Thus, he believes that increasing fiscal deficit ratio to 3% is still safe for the country.

Hexun News: Chinese leading online media of financial news

- The National Development and Reform Commission said the franchising law will be introduced as early as in the third quarter of 2016. The new law is designated to promote the participation of private capital in the financial sector and defines legal standards for Public-Private-Partnership (PPP) projects. PPP refers to cooperation between government agencies and private companies on projects focusing on infrastructure and public services. The PPP model has become increasingly popular lately, as it can help the government to cut expenditures as well as help provide business opportunities to manufacturing and construction firms in a growing, but slowing, economy.

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.