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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bullish
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
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.08% 🇪🇺EUR: 0.05% 🇨🇭CHF: 0.04% 🇳🇿NZD: 0.02% 🇨🇦CAD: -0.14% 🇯🇵JPY: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tHXoCwSOYJ
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: US 500: 0.15% Wall Street: 0.07% FTSE 100: -0.27% France 40: -0.32% Germany 30: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/YnjjB4v35p
  • 🇫🇷 Consumer Confidence (SEP) Actual: 95 Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2020-09-29
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/lBIEZWqJV3
  • Heads Up:🇫🇷 Consumer Confidence (SEP) due at 06:45 GMT (15min) Expected: 94 Previous: 94 https://www.dailyfx.com/economic-calendar#2020-09-29
  • EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Aug 31, 2020 when EUR/JPY traded near 126.39. A contrarian view of crowd sentiment points to EUR/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/1NGoTgKsbL
  • #CrudeOil and #Gold prices gained over the past 24 hours on US fiscal stimulus hopes Now they are awaiting a key meeting between Nancy Pelosi and Steven Mnuchin later today What are key technical levels to watch for? - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/09/29/Crude-Oil-Prices-Down-to-3-Month-Low-on-Fed-Policy-Seasonal-Turn.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/0nYq05le3s
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/kWoRBJxt7u
  • - $NZDUSD rates eyeing a retest of the September high after finding support at the 100-DMA. - Ascending Channel may guide $NZDJPY higher. - $GBPNZD poised to clamber back above the 200-DMA after carving out a Double Bottom reversal pattern. https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2020/09/29/New-Zealand-Dollar-Analysis-NZDUSD-NZDJPY-GBPNZD-Price-Action.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/OvbsW1Jtb2
  • Heads Up:🇯🇵 Leading Economic Index Final (JUL) due at 05:00 GMT (15min) Expected: 86.9 Previous: 83.8 https://www.dailyfx.com/economic-calendar#2020-09-29
CNH Tumbles Following Manufacturing PMI Release

CNH Tumbles Following Manufacturing PMI Release

2015-03-25 20:28:00
Michael Romero,
Share:

Talking Points:

• Yuan Falls Following Dismal Manufacturing PMI Announcement.

• PBOC Cuts Guidance Rate on Seven-Day Repo Agreement.

The Yuan depreciated as the HSBC China manufacturing purchasing manager’s index (PMI) fell to 49.2 in March 2015, well below leading economists’ expectations of 50.5 and February 2015’s figure of 50.7. The 11-month low, only furthered indicated that China’s economy is gradually showing signs of slowing down. Weak domestic demand contributed to a decrease in new orders, employment and prices in the manufacturing sector.

March 2015’s reading is of particular importance because economic data from January and February are usually distorted due to the Chinese New Year holiday. Following the release of the PMI reading, the Hang Seng Index dipped by 0.3 percent, with the Shanghai Composite Index falling by 0.4 percent, demonstrating a loss of investor confidence.

News of the dismal manufacturing PMI statistic came hours before the decision of The People’s Bank of China (PBOC) to lower its guidance rate for the benchmark seven-day bond repurchase agreement. Despite the two interest rate cuts to the benchmark one-year loan rate since November 2014, as well as the reduction in the reserve requirement ratio, China’s economy seems to be headed towards a slowdown.

CNH Tumbles Following Manufacturing PMI Release

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

DISCLOSURES