retail sales.

USDCAD breaks out of a pennant after bullish CPI and retail data

March 22, 2014 8:07 am GMT+0  in Forex Fundamentals and News

Figures released yesterday by Statistics Canada show that the Core Consumer Price Index for February 2014 rose 1.2% on a year-on-year basis, surpassing market forecasts of 1.1%. Though ahead of expectations, the reading was still well below the bank’s inflation target of 2%. CPI data The core CPI is defined by the bank as the […]

Data Out of China Continues to Disappoint, But May Not Indicate Hard Landing

March 13, 2014 2:18 pm GMT+0  in Forex Fundamentals and News

China’s scored somewhat of an unfortunate hat-trick today. Three pieces of economic data released today by the Asian powerhouse all missed market consensus handily. Industrial production Year to date industrial production (February) grew only 8.6% compared to analysts’ forecasts for 9.5%, and 9.7% during the year ago period. According to analysts industrial production in China […]

Recent Chinese Economic Data

January 18, 2013 11:21 am GMT+0  in China

Chinese data out in the past few days gives some cause for comfort. Positive statistics covering retail sales, the housing market and industrial production indicate the country may be emerging from its economic trough, and their confluence probably provided a much-needed push to GDP growth. GDP grew 7.9% year-on-year during the last quarter of 2012 […]

Today’s Economic Events And The Age Old Game of Technical Indicators

November 14, 2012 8:48 am GMT+0  in Forex Analysis

USD/CHF has been continuously failing for past 4 days at or below 200-day Moving Average resistance. Out of these 4 days, 3 days made us witness the classical example of 200-day moving average power when the currency pair failed just after touching that level. Similar pattern has been with EUR/USD where the pair kept on […]

Chinese Economic Data – Encouraging Signs

November 12, 2012 1:03 pm GMT+0  in China

With the Japanese and the Euro-zone economies in the doldrums, and the fragile economic recovery in the US in grave danger from the ‘fiscal cliff,’ the fast-developing economies out of Asia will probably do the heavy lifting as far as global growth is concerned. The Chinese economy has been a powerhouse of growth this decade, […]