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
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.05% 🇨🇦CAD: -0.05% 🇬🇧GBP: -0.08% 🇳🇿NZD: -0.15% 🇯🇵JPY: -0.18% 🇦🇺AUD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0Rac5Jbkwc
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.05% Wall Street: -0.04% France 40: -0.05% Germany 30: -0.07% US 500: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9K9bEY3UGo
  • The Dollar is poised with an inverse head-and-shoulders pattern, but it needs a catalyst to make something of the setup. $EURUSD has a wedge and may need to weight for #NFPs but $GBPUSD has the smallest 50-day range since July 2014 and the #BOE later today https://www.dailyfx.com/forex/video/daily_news_report/2021/05/06/EURUSD-and-GBPUSD-Staged-for-Breakouts-but-Where-are-the-Sparks-Before-NFPs.html https://t.co/xOeVyB0SOo
  • (Market Alert) AUD/USD Sinks as China Suspends Economic Talks with Australia, Will Support Break? $AUDUSD #China #NDRC #Australia #AUD https://www.dailyfx.com/forex/market_alert/2021/05/06/AUDUSD-Sinks-as-China-Suspends-Economic-Talks-with-Australia-Will-Support-Break.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/MkAxeNTjQF
  • Wall Street Futures Update: Dow Jones (-0.015%) S&P 500 (-0.096%) Nasdaq 100 (-0.191%) [delayed] -BBG
  • The US Dollar may continue trading lower against ASEAN currencies, with USD/SGD and USD/THB eyeing key support ahead. USD/IDR and USD/PHP also exhibit bearish postures. Get your market update from @ddubrovskyFX here:https://t.co/A5n9A8NBy4 https://t.co/5Eud5rCxyc
  • Do you think Dow Jones will outperform Nasdaq in May?
  • RT @KyleR_IG: First gaslighting, and now the silent treatment. This isn't a healthy relationship.
  • NDRC halts activities under China-Australia economic dialogue [update via Bloomberg] - cites Australia's disruption of cooperations with China $AUDUSD slipping lower, falling to lows of the day, China is AU's largest trading partner, feeling disruption woes #AUD #NDRC https://t.co/xQ8W11UVL2
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.00% Oil - US Crude: -0.13% Silver: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rO6XynukTE
China's Market News: Regulators Support Producers, Restrict Home Buyers

China's Market News: Regulators Support Producers, Restrict Home Buyers

Renee Mu, Currency Analyst

This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources.

- China’s economy is expected to grow 6.8% in 1Q according to Chinese Academy of Social Science.

- Chinese regulators introduce measures to facilitate producers to finance.

- Would you like to know more about trading? DailyFX webinars are a great place to start.

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

Market News

Hexun News: Chinese leading online media of financial news.

- Chinese Academy of Social Science forecasts that China’s economy will grow 6.8% and CPI will expand 1.4% in the first quarter of 2017, according to a report released by the national research center on Wednesday. In the first half of 2017, it is expected that the economy will expand 6.7% and “no problem” to achieve the annual 6.5% target, said in the report. It is also mentioned that exports will likely continue to face major challenges; hottest cities may see further increases in housing prices.

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 Ministry of Housing and Urban-Rural Development released requirements on Wednesday that local regulators shall continue to crack down three types of illegal activities of real estate developers and agencies: monopoly in home supply and manipulating housing prices; spreading out rumors to mislead markets; forging documents to circumvent tightened restrictions.

China’s overheated housing market has not fully eased, especially in tier-one and tier-two cities. In Beijing, regulators launched nine tightening measures within 10 days from lifting down payment ratiosto re-defining qualifications of home purchasers.

PBOC News: China’s Central Bank.

- Five top Chinese policymakers issued a joint announcement on Wednesday in the effort to facilitate manufacturing companies to finance. The PBOC, CSRC, CBRC, CIRC and the Ministry of Industry and Information Technology will cooperate and launch a series of measures to provide such supports. For instance, to establish a credit management system targeted for manufacturing industries and develop financial products targeted for high-tech manufacturing firms.

Chinese producers were largely impacted by the declining global demand, which has not been fully substituted by domestic demand. February prints show that producers’ business risks have elevated amid higher costs and lower sales. This makes banks, which try to control their own risks, less willing to issue credit to manufacturing firms. Insufficient cash flow would make it even harder for producers to maintain their businesses and thus regulators step in to help.

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