The economy contracted in Q2
Fundamental Forex Analysis

The economy contracted in Q2

China Beige Book, a survey of more than 3,300 Chinese companies conducted mid-May to mid-June., showed on Wednesday, the economy contracted in Q2 (the three months April to June) from a year earlier. Additional...

Risk-recovery back in play, US dollar recedes with second-wave virus fears
Fundamental Forex Analysis

Risk-recovery back in play, US dollar recedes with second-wave virus fears

Here is what you need to know on Monday, June 22: The US dollar reversed a part of last week’s gains after starting out the week on the front foot, as the risk-recovery mode returned in Asia. Beijing reported f...

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Fundamental Forex Analysis

China’s Vice Premier Liu: Economy has gradually improved

China’s Vice Premier is Liu He is on the wires now, via Reuters, making some comments on the economic outlook and policy measures. Key quotes “Economy has gradually improved.” “Various economic indicators...

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Fundamental Forex Analysis

Economy has not yet returned to normal level

Following the release of the May activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing its take on the macro data. “China’s economy has not yet returned to ...

China reports 10 new coronavirus cases in Mainland as of end-April 22 vs 30 a day earlier
Fundamental Forex Analysis

Retail Sales, Industrial Production disappoint – Aussie keeps losses

China’s May Retail Sales YoY, the number arrived at -2.8% vs. -2.0% exp and -7.5% last, with Industrial Output YoY at +4.4% and +5.0% exp and +3.9% last.  The sales fell for four straight months as shops, resta...

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Fundamental Forex Analysis

China’s economic recovery isn’t yet strong enough to produce inflation pressures – Bloomberg

Following the releases of the Chinese Consumer Price Index (CPI) and Producer Price Index (PPI) data, Bloomberg analysts are out with their insights on the deepening deflationary pressures in the world’s top co...

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Fundamental Forex Analysis

China’s May CPI seen at lower at 2.9% vs. April’s 3.3% – China Press

Citing Li Chao, Chief Analyst with Zheshang Securities, China’s Securities Times reported that the average May Consumer Price Index (CPI) estimate by 19 Chinese financial institutions was 2.9%, lower than 3.3% ...

Will step up support measures
Fundamental Forex Analysis

Surplus – a big beat as imports plunge 16.7%

The China customs published Trade Balance for May in USD terms, reporting a bigger-than-expected increase in the trade surplus amid a sharp plunge in the imports. In USD terms, Trade Balance (USD) came in at +6...

USD’s spike triggers mini-flash crashes, China PMI bounce boosts risk, a busy docket ahead
Fundamental Forex Analysis

Dollar hit by escalating US riots, risk-on mood; US ISM PMI in focus amid light trading

Here is what you need to know on Monday, June 1: The US dollar took a beating across the board starting out a new month/ week, as markets breathed a sigh of relief on the US’ softer stance on China. On Friday, ...

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Fundamental Forex Analysis

China should set a 3-year GDP growth target of 6% instead of an annual one

Li Daokui, a prominent economist at Tsinghua University and a member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body,...