-
AUD/USD – Chinese GDP data failed to push AUD higher
Chinese Q4 GDP Headline figure rises 7.9% vs consensus of 7.8%. Real GDP (Q/Q) rose 2.0% vs 2.2% estimated, which is put in an even worst light when one notice that the previous quarter’s data has been revised downwards to 2.1%. Other data released together with the GDP include Retail Sales which showed gain of 15.2% Y/Y and Industrial Production which grew 10.3% Y/Y. All considered, China’s economy does not seem half bad, and AUD/USD rallied initially on the better than expected headline figure. Price moved up but was unable to hold above 1.055. Beyond this, bulls would be worried that the better than expected ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 17, 2013 10:57pm Jan 17, 2013 10:57pm
- addlet
- | Joined Jun 2011 | Status: Junior Member | 2 Comments
- Comment #2
- Quote
- Jan 17, 2013 11:13pm Jan 17, 2013 11:13pm
-
FortuneRider
- | Joined Nov 2011 | Status: Member | 170 Comments
- Comment #3
- Quote
- Jan 17, 2013 11:37pm Jan 17, 2013 11:37pm
- Alzuraiqi
- | Joined Dec 2012 | Status: Member | 80 Comments
- Comment #4
- Quote
- Jan 18, 2013 12:19am Jan 18, 2013 12:19am
-
Greenstar
- | Joined Apr 2011 | Status: Member | 735 Comments
- Comment #5
- Quote
- Jan 18, 2013 12:24am Jan 18, 2013 12:24am
- dab
- | Joined Jun 2012 | Status: Member | 119 Comments
Hope for the best, prepare for the worst.
- Comment #6
- Quote
- Jan 18, 2013 12:42am Jan 18, 2013 12:42am
- Guest
- | IP XX.XX.171.52
- Comment #7
- Quote
- Jan 18, 2013 4:21am Jan 18, 2013 4:21am
-
liberty458
- | Joined Aug 2006 | Status: Member | 542 Comments