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Day: January 14, 2019
January 142019
Economic Data in China & New Zealand Poor, NZ Dollar Declines
The New Zealand dollar fell today due to disappointing macroeconomic reports in China. New Zealand’s own economic data released overnight was not particularly good as well, though it improved compared to the previous reporting periods. Statistics New Zealand reported that food prices fell 0.2% in December after declining 0.6% in November. That is without adjusting for seasonal variations. Seasonally adjusted, food prices actually increased […]
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January 142019
Euro Mixed After Macroeconomic Data Disappoints
The euro was mixed today following the release of lackluster macroeconomic data in the eurozone. The currency gained on the US dollar, which remained extremely soft, but was flat versus the Great Britain pound and fell against safe currencies like the Japanese yen and the Swiss franc. German wholesale prices dropped 1.2% in December after rising 0.2% in November. Eurozone industrial production declined 1.7% in November after increasing 0.1% in October. Analysts […]
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January 142019
Chinese Yuan Sideways on Worse-Than-Expected Trade Data
The Chinese yuan is trading sideways to start the trading week as new worse-than-expected trade data is showing bad signs for the worldâs second-largest economy. Last monthâs trade woes are leaving investors with the belief that these numbers will only worsen in the coming months. According to Chinaâs General Administration of Customs, total exports declined 1.4% to $221.25 billion and total imports fell 10% to $164.19 billion in December. Compared […]
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January 142019
Japanese Yen Rallies on Poor Data from China, Trims Gains Later
The Japanese yen rallied against its most-traded rivals today on bad macroeconomic releases in China and uncertainty about the situation in Great Britain. By now, the currency has trimmed its gains, losing them against some of the peers outright. China’s trade balance surplus widened to $57.06 billion in December from $53.85 billion in November. While the data looked good on surface, actually both imports and exports declined, it is just that […]
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January 142019
Forecast: Great Britain Pound Waits for Brexit Vote
The Great Britain pound will likely experience significant volatility this week due to the upcoming Brexit vote. Because of the importance of the event, macroeconomic data should have a limited impact on the currency, being overshadowed by the vote. UK Prime Minister Theresa May managed to reach a trade agreement with the European Union. Yet the vast majority of experts believe that the Parliament will likely reject the deal during the voting on Tuesday. It is […]
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