Forex market vs china gdp

Forex market vs china gdp

18/01/ · China GDP beats y/y. % q/q. expected +% q/q. prior was +% q/q. % y/y. expected +% y/y. prior was +% y/y. The YTD GDP is +%, slowest growth in Forex Analysis; Markets lifted by China GDP. 19 October The US dollar is seen easing from its strong bullish momentum over the past few days with price action stalling above the handle. A rather soft print on the CPI numbers released yesterday did little to dent the sentiment in the dollar. Earlier this morning, China's GDP numbers 18/01/ · The IMF forecasted that China’s GDP grew % in , compared to a global contraction of %. Looking ahead, market participants expect China’s economic growth to accelerate further to % Estimated Reading Time: 6 mins

Chinese GDP Data Meets Forecasts » Forex Marketz

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 hereor by following the link at the bottom of any page on our site. See our updated Privacy Policy here. Note: Low and High figures are for the forex market vs china gdp day. The readings will likely set the tone for Asia-Pacific markets, especially the Australian Dollar and the Hang Seng Index.

US markets will be closed on Monday, 18 January for the Martin Luther King Jr Day holiday. This facilitated a fast economic re-opening after initial lockdowns in the spring. Exports were then boosted forex market vs china gdp strong global demand for medical supplies, equipment and electronics in a time when business activity in many parts of the world was disrupted by viral waves.

Domestic consumption has gradually picked up too, although retail sales growth remains slightly below the pre-Covid level, forex market vs china gdp. Chinese industrial production growth in December is expected to recede slightly to 6.

Upbeat figures will likely underpin Asia-Pacific equities, the Chinese Yuan as well as the risk-linked Australian and New Zealand Dollars. Looking back to Friday, all three major US equity indices ended lower as the DXY US Dollar surged to a one-month high of Further strengthening in the Greenback may hint at a deeper pullback in global equities as it signals rising demand for safety and discourages emerging market inflows.

US Q4 earnings have fared well, with large banks such as Wells Fargo, JPMorgan and Citigroup beating their EPS forecasts by large margins. Nonetheless, forex market vs china gdp, investors still chose to liquidate their stocks on Friday, reflecting fragile market sentiment as the pandemic shows no signs of abating yet while stocks valuations are near two-decade highs. Read more on my earnings outlook report. Energy Dow Jones Index Technical Analysis :.

The bull trend remains intact and is well-supported by the Day Simple Moving Average SMA line. Support and resistance levels can be found at 30, Day SMA and 31, upper Bollinger Band respectively, forex market vs china gdp. Dow Jones Index — Daily Chart. ASX Index Technical Analysis :. The ASX index is range-bound between 6, to 6, since late November, as highlighted in the chart below. The upper and lower bound may serve as an immediate resistance and support level respectively.

MACD divergence and a narrowing Bollinger Band suggest that upward momentum may be faltering however. The index is also testing its Day SMA, breaking below which may signal a deeper pullback. ASX Index — Daily Chart. Hang Seng Index Technical Analysis :. The Hang Seng index is riding a strong trend and has breached above a The MACD indicator is trending up alongside prices, reflecting strong bullish momentum. Hang Seng Index — Daily Chart. To contact Margaret, use the Comments section below or margaretyjy on Twitter.

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China GDP figures reveal 'fascinating double-digit growth' in exports, says economist

, time: 1:25

A Guide to GDP and Forex Trading

12/03/ · For example, China has had GDP in double digits. Forex traders are most interested in GDP as it is a complete health report card for a country’s blogger.comted Reading Time: 4 mins 19/10/ · 00 The Australian dollar, or AUD/USD Forex market, was fairly steady after Chinese gross domestic product (GDP) data crossed the wires. The Chinese GDP met expectations. China’s third quarter gross domestic product rose by percent quarter on the quarter. This was goof for a rise of percent year on the year. Both 18/01/ · China GDP beats y/y. % q/q. expected +% q/q. prior was +% q/q. % y/y. expected +% y/y. prior was +% y/y. The YTD GDP is +%, slowest growth in