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Chinese data for the week ahead - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that China's data in the coming week is unlikely to have much market impact.

    Key Quotes:

    "The Bloomberg consensus is for steady growth in industrial output at 6.1% year-over-year pace. The risk is on the downside, but even a high 5% reading would be the envy of most countries. The consensus expects retail sales to accelerate to 11.3% year-over-year from 11.2%. Note that in the three months before the August plunge of Chinese shares, retail sales rose at an average pace of 10.4%. In the three months since the pace has quickened to 11%.

    The other data highlight is China's Q4 GDP. The consensus is that the economy expanded at a 6.9% year-over-year. It is expected to be the third quarter that China recorded a 1.8% quarterly expansion. Many disparage the accuracy of Chinese data, which often seems quickly tallied, without the volatility that other countries show, and sometimes seemingly self-serving. However, critics often do this by innuendo and accusations, not a robust examination."
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