Curbs on margin accounts in China has weighed heavily on Chinese equities, but is contained; while the more important piece from China will be the release of Q4 GDP, expected to fall to 7.2% y/y (today at 9pm EST). Today is a U.S. holiday, leaving liquidity lighter than usual and likely to evaporate once Europe closes. There is no U.S. data or Fed speakers today, leaving markets likely somewhat range bound, into a pivotal week.
Read the full report: FX Daily