Flash: Risks of a downside surprise in Chinese data today - Westpac

FXstreet.com (Barcelona) - The main event in Asia is the China’s industrial production data, due at 5.30GMT, with expectations pointing at 9.9% y/y vs upbeat 9.7% in Jul. Aug retail sale and fixed asset investment are due at the same time. According to Sean Callow, FX Strategist at Westpac: "We see risks of a downside surprise due to base effects."

Sep 10, 2013

EUR/USD slams head against the ceiling at 1.3278 resistance

The EUR/USD posted a nice gain Monday on a light news day – taking advantage of some short-term momentum built up from Friday’s bad US jobs report. Technical resistance stopped the rally Monday, though.

Devamını oku Previous

Sep 10, 2013

Flash: Strong Japanese GDP lowers risk of delay in sales tax hike - Nomura

The fact that Japanese Q2 GDP was revised up to +3.8% (saar) vs +2.6% previously, which makes the growth rate close to +4.0%, in view of Yujiro Goto, FX Strategist at Nomura, is positive to implement the tax hike.

Devamını oku Next