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Oil and base metals collapse as markets focus on Chinese activity data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Quick Recap Ah China. The release of GDP yesterday was just enough of a beat, 6.9% yoy growth against 6.8% expected, to soothe traders fears that teh economy is tanking. Of course the data is somewhat problematic in so far as the year on year rate might be the weakest in year but the implied qoq rate means China hasn’t slowed at all from last year. Believable? Probably not, even though I’m in the camp that says we have to trade the information we have. Certainly many of Twitter including noted

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