Uptrend in Gold Starts Now
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
China GDP & Industrial Production
| S&P Global Ratings has recently downgraded China’s sovereign credit rating. As a result, the market will be paying very close attention to the key Chinese data releases – GDP and industrial production. The data will be published at 05:00 MT time on October 19. |
| China’s gross domestic product (GDP) rose by 7.3% in 2014, 6.9% in 2015 and 6.7% last year. The Asian nation’s economic growth is slowing down. |
| Chinese releases will have a strong impact on the AUD and the NZD. These currencies will suffer if the figures disappoint. Japanese yen, on the contrary, will react in the opposite way. |
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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
Increased Volatility is Coming
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.
