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China to choose stability, soft US data expected

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events China - Emphasis on Stability (by Peter Rosenstreich) Asia continues to weigh on risk sentiment. This follows as a consequence of Friday’s sharp rally in equites driven by BoJ’s surprise move to negative interest rates, as weak China manufacturing PMI reports damaged the risk rally. However, despite additional disappointing data from South Korea (exports fell 18.6% y/y in January weakest read since 2009), Indonesia and Thailand, most of Asia was able to recover with the

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