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
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • 🇷🇺 Markit Manufacturing PMI (FEB) Actual: 51.5 Previous: 50.9 https://www.dailyfx.com/economic-calendar#2021-03-01
  • Heads Up:🇷🇺 Markit Manufacturing PMI (FEB) due at 06:00 GMT (15min) Previous: 50.9 https://www.dailyfx.com/economic-calendar#2021-03-01
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/XuRCWHWsEV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.74%, while traders in GBP/JPY are at opposite extremes with 64.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0MjvT6Ao40
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.55% 🇬🇧GBP: 0.39% 🇪🇺EUR: 0.09% 🇯🇵JPY: 0.06% 🇨🇭CHF: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/reMp23qieo
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.05% US 500: 0.83% Germany 30: 0.78% France 40: 0.78% Wall Street: 0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/xD81ljxO7y
  • 🇮🇳 Markit Manufacturing PMI (FEB) Actual: 57.5 Expected: 57.5 Previous: 57.7 https://www.dailyfx.com/economic-calendar#2021-03-01
  • Had the pleasure of jumping on The Trade today on @ausbiztv to go over what long-term price action can tell us about the future trajectory of #copper, $AUDUSD and the $DXY Big thanks to @KaraOrdway for having me on! https://t.co/awjKgmOTwS
  • Heads Up:🇮🇳 Markit Manufacturing PMI (FEB) due at 05:00 GMT (15min) Expected: 57.5 Previous: 57.7 https://www.dailyfx.com/economic-calendar#2021-03-01
  • 🇮🇩 Inflation Rate YoY (FEB) Actual: 1.38% Expected: 1.38% Previous: 1.55% https://www.dailyfx.com/economic-calendar#2021-03-01
Chinese Lending Statistics Reached Highest Levels on Record

Chinese Lending Statistics Reached Highest Levels on Record

Bradley A. Kearns,

Talking Points:

  • China’s National Bureau of Statistics released its lending data for January
  • Aggregate Financing and New Yuan Loans reached their highest levels on record
  • Data may help ease growth concerns but could stoke asset bubble speculation

See how retail traders are positioned in the majors with the DailyFX SSI.

In the early part of Tuesday’s trading session, China’s National Bureau of Statistics released its credit data for January. New Yuan Loans showed a print of 2.51 trillion, greater than the consensus forecast of 1.9 trillion and December’s 597.8 billion. Aggregate Financing crossed the wires at 3.42 trillion Yuan as opposed to economists’ estimate of 2.2 trillion and the revised prior of 1.8 trillion. Both of these reading were the highest on record.

The historic level of lending may highlight the nation’s commitment to mitigate the slowing of the economy. China has been a catalyst for risk-off trading since the beginning of the year due to the financial markets’ uncertainty of its health and its government’s policy outlook. The surge in loans may reflect officials’ efforts to easy monetary conditions and boost growth. While the data may bode well for growth expectations in the world’s second largest economy, some traders may believe that aggressive lending growth could stoke financial bubbles.

Chinese Lending Statistics Reached Highest Levels on Record

Source: Bloomberg.

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

DISCLOSURES