MARKET UPDATES
The Australian dollar weakened because of the bigger-than-expected unemployment rate…
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. |
Similar
Market updates on June 11
On Tuesday, the improved market sentiment supported risky assets such as stocks, emerging-market currencies, and crude oil.
Important events this week will bring us!
Major events that affect markets in the upcoming days
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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