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
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • $EURUSD has been climbing gently in the past few days after its recent steep falls. However, that was probably just position-squaring ahead of further weakness. Get your market update from @MartinSEssex here: https://t.co/xbpJIMsy0z https://t.co/zFzWfoAG2N
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh88nOv https://t.co/3vnThmcyty
  • 6 out of 9 Dow Jones sectors ended higher, with 73.3% of the index’s constituents closing in the green. Healthcare (+1.48%), information technology (+1.47%) and consumer discretionary (+1.15%) were among the best performers, while consumer staples (-0.36%) lagged behind. https://t.co/lTlqFGhB3V
  • Build your EUR/USD strategy with key trading techniques. Get your free insight here.https://t.co/8AxPEkO20H https://t.co/SaZk74yhA9
  • $USDMXN is keeping nicely to its descending trendline, aiming below the 20 pesos mark in the short-term. Get your market update from @HathornSabin here: https://t.co/QwHGHAPGgI https://t.co/ud5X4JasOG
  • 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: https://t.co/KDjIjLdTSk https://t.co/QoIoOpg7De
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST (12:30GMT) on DailyFX! - https://t.co/lxd5fZnn4H
  • The $AUDUSD chart is tilting towards lower levels, will need to round the corner soon to turn outlook bullish. Get your market update from @PaulRobinsonFX here: https://t.co/iOpjZyKCUu https://t.co/PNujRmbnPF
  • A forex trader is strategic, disciplined and always switched on to the markets. Learn how to build an FX mindset here: https://t.co/tB3aAErd70 https://t.co/F0sw8vDx5k
  • The Nasdaq 100 index has likely formed an inverse “Head and Shoulders” pattern, which is typically viewed as a bullish trend reversal indicator. Prices may advance further to challenge their all-time highs. Get your market update from @margaretyjy here: https://t.co/tvkE2y6X03 https://t.co/nxxMZFB3Pu
Falling PPI and CPI Figures Point to Further Monetary Policy Easing

Falling PPI and CPI Figures Point to Further Monetary Policy Easing

Michael Romero,

Talking Points:

USD/CNH Depreciates as Deflationary Risks Increase

• Leading Economists’ Expect Further PBOC Monetary Policy Easing

The USD/CNH depreciated as producer price index and consumer price index data came in at 0130GMT for the month of November. China’s producer price index figures crossed the wire at -2.70 percent coming in worse than what leading economists’ had expected at -2.40 percent and even worse from -2.20 percent in the previous period. Following a similar trend, China’s consumer price index fell to 1.40 percent reaching a new 5-year low, down from 1.60 percent in the previous period, however figures remained in line with leading analysts’ expectations of 1.60 percent.

The producer price index has now dropped for a record 33 straight months with the largest fall coming mid last year. Also with world oil prices and metal prices falling, Chinese factories have experienced lower export costs leading to further deflationary pressures. The country has also been hit with staggering manufacturing activity, decreasing property prices and concerns over local government and corporate debt. In line with the PBOC’s surprise interest rate cut last month, leading economists predict the PBOC to increase further monetary easing in the future. A general consensus amongst leading analysts’ has been a reduction in the reserve requirement ratio which could lead to more money available for lending, therefore producing a stimulatory effect on the economy. Investors could expect a further devaluation of the USD/CNH as the PBOC is expected to curve deflationary pressures and stimulate the economy with further easy monetary policy.

Falling PPI and CPI Figures Point to Further Monetary Policy Easing Falling PPI and CPI Figures Point to Further Monetary Policy Easing

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

DISCLOSURES