Uptrend in Gold Starts Now
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
China April exports suddenly dive, although imports rebound
In April, China's exports suddenly headed south, although imports shocked with their first rally for five months, providing rather a mixed picture of the Chinese economy because the US government ramped up pressure on China with threats of more punishing levies.
The latest trade data that would normally be pored over for prompts on how the world's number two economy is getting on, has been overshadowed by fears that the US-China trade conflict is escalating, rather than approaching a resolution as many market participants had hoped for.
High-level Chinese as well as American negotiators are going to meet in the US capital in the next two days, as the Chinese cabinet is eager to dodge a steep rally in levies on its goods ordered by US leader to come into effect from Friday.
Market participants have been expecting China's April trade data to contribute to indications that the Chinese economy is starting to stabilize, thus soothing fears about decelerating global surge.
However, Chinese exports headed south by 2.7% from 2018, as customs data revealed on Wednesday.
According to ANZ estimate, over 80% of the headline tumble occurred because of a steep tumble in shipments to America, while its high-tech exports were still suppressed by sluggish global demand for smartphones as well as other electronic gadgets.
Market experts had hoped surge would decrease to 2.3% following March's surprising 14.2% rally that some experts suspected was driven by seasonal factors as well as temporary business distortions having to do with a cut in the value-added tax effective on April 1.
Nevertheless, imports managed to beat expectations, soaring by 4% year-on-year, surpassing experts’ estimates for a 3.6% decrease as well as March's 7.6% tumble.
Similar
China Stocks are About to Jump
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
US Dollar Index at a 3-month Low
The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?
Latest news
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
