Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
GDP data in fraud crackdown will be unveiled by China
In China, the National Bureau of Statistics is on the verge of taking over data collection at the regional level staring from 2019. That’s what a government official informed. The move is expected to replace the current system in which the combined economic output of the country’s provinces has long surpassed national output assessed by the NBS.
On Monday, National Bureau of Statistics Deputy Head Li Xiaochao told that there had been considerable improvement in the long-standing discrepancy between national as well s regional GDP reports.
The Chinese government had boosted inspections of potentially fraudulent data. Additionally, the government was trying to unify the accounting systems utilized by local and national authorities.
The NBS is going to work with regional statistics agencies for the purpose of compiling regional data, with regional and national data to be published together once the new system is launched.
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
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Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…