Expect more Chinese stimulus

9 December, 2015

A year of stimulus, interest rate cuts and most recently devaluations to its currency is finally having the desired effect on inflation in China as CPI data came in at 1.5%, slightly higher than the 1.4% expected. There are still wide spread deflationary pressures for producers who see continue to see prices tumble with PPI coming in as expected at -5.9%, but for consumers the stimulus measures have had a greater impact showing prices rising. However, for the PBOC inflation is still running well below target which means there remains plenty of room for further stimulus measures. Ever since the Yuan was added to the IMF’s reserve currency basket we’ve seen the fixing rate lowered in the last four days in a row and we’re likely to see a continuation of the renminbi’s devaluation. The data saw a mixed reaction from Asian markets overnight but crude prices are seeing a bounce with Brent finding major support at the $40 a barrel level and so this morning European indices are looking to commence trading in the black.

Yesterday’s UK manufacturing data was softer and caused GBPUSD to dip back below the 1.5000 level however this didn’t last very long with cable trading back to 1.5035 at the time of writing. The remainder of the day is quiet on the economic data front, but later this evening the RBNZ makes its latest interest rate decision where they are expected to cut rates from 2.75% to 2.50%, so the 0.6600 level on NZDUSD will be watched.


Source link  
Profit-taking after big sell-off

There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start...

Hot August for currency markets

This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes...

Dollar is close to its important levels

The demand for dollar, provoked by the fears of new US sanctions against a number of countries and expanding trade conflict with China push the American currency close...


Trump raises stakes in the trade war

Two opposite trends prevail in the global markets. Strong reporting of companies, including Apple indicators supports the demand in world...

USD grows on high GDP expectations

The single currency is traded near weekly lows against the dollar, getting under pressure after maintaining the soft tone of the ECB during the regular meeting...

Facebook failure obscured optimism

Yesterday the markets enjoyed a rare portion of good news on international trade. Trump and Juncker agreed not to introduce new tariffs for the period of negotiations...


Trump tosses dollar from highs

The dollar remained under pressure after the Trump's criticism about the strengthening of the national currency. Despite doubts that the influence of the president...

Oil hits 3-month lows

On Monday, the dynamics of oil was in the spotlight on a combination of negative factors by both the potential demand and the supply part. Asian markets...

Fed Monetary Policy Report to be released

This report is release twice a year and provides an insight into the conduct of monetary policy and economic developments and prospects for the future for the...


In the past 24 hours Bitcoin has lost -1.56% and reached $6398.02746095. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.3466% and is now at $1.138. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -4.14% and is now at $304.015671286. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets89%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro80%
5FIBO GroupFIBO Group78%
6FXCMFXCM73%
7AvaTradeAvaTrade68%
8HotForexHotForex67%
9Alfa-ForexAlfa-Forex66%
10XMXM66%
  


Share: