The Traderszone Network

Major currencies were on hold on Tuesday as investors readied for key Chinese economic data due in a few hours.

While all eyes will be glued to the data avalanche unleashed by China’s ‘official’ data creators in an hour, offshore Yuan is fading modestly, giving back half of the regulatory shift gains.

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Asian stocks were subdued early on Tuesday following a retreat in European shares overnight, while crude oil prices remained bearish following the lifting of sanctions against major producer Iran. Asia had no leads from Wall Street as the U.S. markets were closed on Monday for Martin Luther King Day. European bank shares took a hit after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans.

The Wall Street Journal reports on the Japanese government’s preparation of legislation for the Government Pension Investment Fund
To allow it to directly buy and sell stocks

Growth dropped into the single digits for the first time since the category was created.

Bloomberg headlining the move
– US benchmark 10 year note drops first time in 5 days
more to come
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I wouldn’t normally post on a running commentary like that, but its accompanied by a pop in the USD pretty much across the board