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China data dump next week - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at TD Securities explained that the Chinese New Year holidays likely skewed the February data sharply in Trade Balance, Retail Sales, Foreign Reserves and CPI.

    Key Quotes:

    "We see downside risks to consensus on trade. Retail sales YTD should smooth out the New Year effects, but we wait until March for a cleaner read on activity. Foreign reserves data are likely to have shown a great drawdown in Feb vs Jan, but won't be as hotly anticipated as last month. Upside risks to CPI."
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