China's GDP figures came in better than expected, hitting 6.4% Year on Year for the first quarter, beating expectations of 6.3%.
Chinese Manufacturing PMI came in below expectations for April 2019, hitting 50.1 versus an expectation of 50.5. This still indicates growth for the world’s second-largest economy.
A hugely significant data week with much optimism packed into the price; Positive data surprises must remain to keep this ship moving on an even keel
The health of the Chinese economy, the Reserve Bank of Australia’s next move on interest rate and the US sanctions on Iran oil buyers loom as the potential market movers in May. Get the insights from the AxiTrader Research and Analysis team.
Forex markets have a lot to digest this week as traders focus on European economic data, Brexit election and US-China trade talks. How are you positioning for these high-impact events?
USD: Back on the rising trend after trade optimism grows, retail sales on watch. AUD & NZD: Bullish sentiment for AUD on “soon to be ready” US-China trade deal. Mixed sentiment on NZD in anticipation of economic data release.
Volatility is expected to run high across Forex markets in April 2019. We take a look at the top 3 macroeconomic events you must keep an eye on.