We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Sterling up against the USD but lower against a range of other currencies. Get your $GBPUSD market update from @nickcawley1 here:https://t.co/2Cc6ksXCoc https://t.co/dPDu6AXa2Y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.31%, while traders in US 500 are at opposite extremes with 70.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/l5V3Zu8IGr
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week! - https://t.co/chKtG7ezG9
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.67% 🇨🇭CHF: 0.59% 🇦🇺AUD: 0.54% 🇬🇧GBP: 0.18% 🇨🇦CAD: 0.08% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Uthb7GJgI0
  • Weekly Strategy Webinar starting in 15mins on DailyFX! https://t.co/lxd5fZ5LG7
  • Forex trading, which is the act of exchanging fiat currencies, is thought to be centuries old – dating back to the Babylonian period. Learn about the history of Forex here:https://t.co/ePTJlbUP7c https://t.co/68MY3a84Pw
  • Join @MBForex 's at 8:30 AM ET/12:30 PM GMT for his weekly strategy #webinar Register here: https://t.co/VAnAfZU02T https://t.co/Va0bYcqRF8
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-06
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.40%, while traders in US 500 are at opposite extremes with 70.71%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/M6awG86v5q
  • 🇪🇸 Consumer Confidence (JUN) Actual: 60.7 Previous: 52.9 https://www.dailyfx.com/economic-calendar#2020-07-06
Australian Dollar Drops Despite Upbeat Chinese GDP Data

Australian Dollar Drops Despite Upbeat Chinese GDP Data

2014-07-16 04:05:00
Rajyavardhan Pasari,
Share:

Talking Points:

  • Chinese 2Q GDP Grew 7.5% y/y vs. 7.4% Expected, 7.4% in 1Q
  • Industrial Production +9.2% y/y, Retail Sales +12.4% y/y in June
  • Australian Dollar Declined Despite Upbeat Chinese GDP Results

The Australian Dollar fell despite the release of better-than-expected Chinese GDP figures. The Chinese Yuan (CNH) remained relatively unchanged. Output grew 7.5 percent year-on-year in the second quarter, which was better than the expected 7.4 percent result. Industrial Production also saw a pick up, expanding at 9.2 percent year-on-year in June to top the expected 9.0 percent increase. Retail Sales rose 12.4 percent year-on-year, slightly less than the markets’ anticipated 12.5 percent figure.

The newswires suggested the currency markets’ seemingly counter-intuitive response to the GDP dataset reflected skepticism about the continuity of growth built on the foundation of sharp credit expansion. Indeed, new loan growth accelerated to 89 percent year-on-year in June. Stimulus considerations were likewise cited, with investors apparently concerned that stronger output readings would mean expansionary policy measures would not be expanded.

Australian Dollar Drops Despite Upbeat Chinese GDP Data

AUDUSD [15 mins – 07/16/2014] Created using FXCM MarketScope.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.