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Chinese data starting to come through - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - China is back in the picture after taking a long holiday and now the data will start coming through as of next week. Analysts at TD Securities noted the China September Trade on 13 Oct:

    Key Quotes:

    "August was a shocking trade month in China, with imports down 7.1% m/m (sa) in the month.

    A rebound in September is likely, after a few one-offs dampened August, so we look for exports growth to ease to -4.1% y/y and imports to be also trimmed to -12.4% y/y, more optimistic than consensus. Note that Chinese trade data will soon only be released in CNY terms, leaving forecasts with a bit more than the usual degree of uncertainty."
    For more information, read our latest forex news.
     

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