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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
More View more
Real Time News
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • Scoping out next week for trading the market, there are a range of high profile influences including September PMIs, Evergrande and a range of central bank decisions. Top listing on my docket is the #FOMC with my scenarios below. Full analysis:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • 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:
Dollar Cascades Lower Versus Yuan, Is There Trade Potential Here?

Dollar Cascades Lower Versus Yuan, Is There Trade Potential Here?

John Kicklighter, Chief Strategist

Talking Points:

  • Escalation in North Korean tension and the localized trouble in US debt ceiling fears has leveraged USD/CNH pressure
  • Before Tuesday's measured advance, USD/CNH dropped for 14 consecutive trading days - a record for the series back to 2012
  • This pair's retreat eases manipulation claims evidence but interest will likely shift to exchange rate stability

Want to ask questions about how volatility and participation can alter trading conditions? Curious about what strategies are best adapted to such systemic changes? Bring your market, trading and strategy questions to the weekly Trading Q&A on Tuesdays. Sign up on the DailyFX Webinar calendar.

When you grow complacent about an important market of fundamental trend, you run the risk of missing both the deep market implications as well as the more immediate trade opportunities that can grow around such developments. The competition between the world's largest economies raises the stakes on this pairing, but investor interest is marred by the unique circumstances surrounding this pairings. Though its extent is not known, the market fully believes that the exchange rate is heavily influenced (a gentle word that some would replace with 'manipulated') by Chinese authorizes. Given the struggle to keep a steady pace of economic expansion in the 6 percent per annum range, avoiding the implosion of financial bubbles while not drawing the ire of trade partners, is obvious why influence on the currency is appealing and perhaps necessary.

There are few that doubt the presence of the Chinese central bank (PBoC) as well as the department responsible for foreign exchange (SAFE) in the system. The exchange rate doesn't readily follow the traditional risk trends, relative monetary policy or even economic baseline themes to clear trends. The offshore cross (USD/CNH) tends to move abruptly when it is convenient for the government. So, what should we take away from the Yuan's incredible 14-day rally versus the US Dollar - the longest since the offshore exchange rate has been tallied back to 2012? Is this a sudden surge in foreign investment into Chinese assets, the collapse of the Dollar despite limited further losses on other Greenback pairs or concerted effort by the authorities to take the pressure from trade partners crying foul off the table?

It is highly likely that the Yuan's rally these past weeks was a manufactured move - even if the motivation may be somewhat different than we anticipate. That said, there are limitations in ambition for such a drive. At a certain point, reducing claims of unfair trade advantage is outweighed by the actual reduction in Chinese exports abroad. It is likely that we have seen a transition to a level that is more conducive to Chinese authorities' aims. Now, as we head toward the Chinese Congress plenum on October 18, the interest is more likely to shift to a position of stability in the exchange rate. That puts USD/CNH in an awkward position: what is actually motivating its bearings and momentum? We focus on the USD/CNH and its trade opportunities in today's Quick Takes Video.

Dollar Cascades Lower Versus Yuan, Is There Trade Potential Here?Dollar Cascades Lower Versus Yuan, Is There Trade Potential Here?

To receive John’s analysis directly via email, please SIGN UP HERE

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