Never miss a story from Dimitri Zabelin

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Dimitri Zabelin

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.


  • Australian Dollar rose after a cascade of Chinese data
  • Chinese economic indicators were better than forecasted
  • AUD/USD still likely to face uphill battle throughout 2019

See our free guide to learn how to use economic news in your trading strategy!

AUD/USD along with Australian 2-year bond yields rose after Chinese industrial production data exceeded expectations, coming in at 5.7% year-on-year compared with 5.3% forecasted. Retail sales also outperformed with 8.2% growth, outpacing the 8.1% forecast. Year-on-year and quarter-on-quarter measures of GDP growth eased lower in line with analysts' consensus projections to 6.4% and 1.5%, respectively.

AUD/USD – 5-Minute Chart

Chart Showing AUD/USD

The Aussie’s jump could be attributed to the fact that traders may have been expecting even worse results than forecasters suggested. This in large part would likely have to do with the trade war between China and the US, which investors might have been expecting to have had a bigger negative impact.

Looking ahead, the Australian Dollar still must face a potential hurricane of headwinds in 2019, particularly on the trade war front. Negotiations between Beijing and Washington may have hit a snag around concerns of intellectual property, a key issue for the Trump administration.

As a cycle sensitive currency, the Australian Dollar is vulnerable to changes in conditions for global growth. The upcoming World Economic Forum in Davos, Switzerland, may be a key event that traders are monitoring to gauge the level of optimism – or pessimism – experts have on global growth in 2019.


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter