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.

Free Trading Guides
EUR/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
GBP/USD
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
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • #Gold prices may suffer if better-than-expected US economic data and progress on US-China trade negotiations cool 2020 Fed rate cuts and alleviate demand for anti-fiat hedges. Get your $XAUUSD market update from @ZabelinDimitri here: https://t.co/3ula2sUpqL $gld https://t.co/2iZwxcm3wP
  • What's the difference between leading and lagging indicators? Find out from @RichardSnowFX here:https://t.co/vGx8HCagF5 https://t.co/KCZ48rDnhy
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/tTXcw1b7Tp
  • RT @dlacalle_IA: ... “Temporary” Fed plans to double repo market intervention to avoid cash crunch https://t.co/j6N3Qmo6HX
  • RT @HeathaT: The @USTradeRep "fact sheet" on the US-China deal is pretty light on details, but if you're looking for something written down…
  • The inside bar pattern occurs regularly within the financial markets. Incorporating the inside bar strategy within a trading system can enhance a trader’s market analysis technique. Find out how you can use it from @WVenketas here: https://t.co/E3EWOYTYNw https://t.co/1H5UASpHb7
  • What is the best time to trade #forex? Find out: https://t.co/M9R46rmPUK #tradingstyle https://t.co/k6z9p9v4nY
  • The bear flag pattern is a popular price pattern used by technical traders within the financial markets to determine trend continuations. How can you trade a bearish flag pattern? Find out here: https://t.co/HfXdjTWdEi @WVenketas https://t.co/qV7J1mhGBi
  • Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same. Get your market update from @DavidCottleFX here:https://t.co/Qon7QUO80c https://t.co/L1it36hFzw
  • RT @TaviCosta: The labor market has started to crack. ADP report leads annual change in unemployment rate with a 0.9 correlation. Equity…
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

News & Analysis at your fingertips.