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
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
Oil - US Crude
Bearish
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
Bearish
Gold
Bullish
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
Mixed
More View more
Real Time News
  • 🇨🇦 Average Weekly Earnings YoY (JUL) Actual: 8.7% Previous: 9.4% https://www.dailyfx.com/economic-calendar#2020-09-24
  • 🇺🇸 Jobless Claims 4-Week Average (19/SEP) Actual: 878.25K Previous: 912K https://www.dailyfx.com/economic-calendar#2020-09-24
  • 🇺🇸 Initial Jobless Claims (19/SEP) Actual: 870K Expected: 840K Previous: 866K https://www.dailyfx.com/economic-calendar#2020-09-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.87%, while traders in EUR/GBP are at opposite extremes with 65.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/GJlp9s6T5J
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.31% 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.07% 🇪🇺EUR: -0.13% 🇳🇿NZD: -0.37% 🇦🇺AUD: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uSIzMa8oqD
  • Heads Up:🇺🇸 Jobless Claims 4-Week Average (19/SEP) due at 12:30 GMT (15min) Previous: 912K https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇺🇸 Initial Jobless Claims (19/SEP) due at 12:30 GMT (15min) Expected: 840K Previous: 860K https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇺🇸 Continuing Jobless Claims (12/SEP) due at 12:30 GMT (15min) Expected: 12300K Previous: 12628K https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇨🇦 Average Weekly Earnings YoY (JUL) due at 12:30 GMT (15min) Previous: 9.4% https://www.dailyfx.com/economic-calendar#2020-09-24
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/yy0NBFGmGR
PBOC Governor Zhou: We Are Open To You If You Are Open To Us

PBOC Governor Zhou: We Are Open To You If You Are Open To Us

2017-03-26 23:57:00
David Cottle, Analyst
Share:

Talking Points:

  • The Governor of the People’s Bank of China said Sunday that more of China’s financial sector could be opened to foreign investors
  • Speaking at the Boao Forum he also said that Chinese investors needed to get better treatment overseas
  • The Forum wrapped up with a call to buttress free trade, reject protectionism

Governor of the People’s Bank of China Zhou Xiaochuan said on Sunday that China was getting ready to allow foreign investors more access to its financial sector, but that any such liberalization would require reciprocity.

Insurance, banking, securities firms and payment systems could all see greater foreign involvement, Zhou reportedly told a gathering of Asian leaders on Sunday in a panel talk at the Boao forum for Asia which took place on the Chinese isle of Hainan.

“China would like to see that when we open wider in the financial sector, whether we can access some things. China is very interested to see that Chinese investors, especially private investors, should get better treatment overseas,” Zhou reportedly told the panel. He referred especially investment in non-military technology as one area where perhaps Chinese investors could be better treated in his view.

Elsewhere at the get-together, Zhou has predictably highlighted China’s commitment to free trade as worries about potential protectionism swirl around Western economies, notably that of the United States. Zhou said China wanted more clarity on this issue when leaders of the Group of 20 largest economies meet in Hamburg later this year.

The four-day forum wrapped Sunday with a declaration that globalization had supported global economic growth and cut poverty.

“Asian countries should stay committed to the course of open markets, inclusive growth and continued economic cooperation to ensure shared prosperity,” it said. However it admitted that globalization had also caused difficulties which needed to be addressed, even if protectionism ought to be rejected.

Would you like to get live, interactive coverage of major, market-moving economic news? If so the DailyFX webinars are for you.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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

DISCLOSURES