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 news ... (full story)