Due from China on Monday during the Asian timezone (19 October 2015 at 0200GMT) is Q3 GDP from China
In brief:
Consensus expectation is at 6.8% y/y, the previous quarter was at 7.0%.
The government target is 'around 7%', which is generally perceived to be allowing it to fall to around 6.5% as still qualifying as 'around'. Premier Li Keqiang said "As long as employment remains adequate, the people's income grows, and the environment continuously improves, GDP a little higher or lower than 7% is acceptable"
While 6.5% would seem to...
Sunday, October 18, 2015
Monday, October 5, 2015
Morgan Stanley's Technical Chart of the Week is AUD/USD ... further upside
From Morgan Stanley technical analyst Sheena Shah, an Elliot Wave look at the AUD/USD.
There are 3 charts, from the long-term chart looking back to 2005. Says Shah:
When AUDUSD broke out of the bottom end of the longterm channel at 0.84, a further bearish AUD signal was triggered.
We still target 0.65 for the end of next year but the short-term charts below show that there could be some upside in the coming weeks.
Our positioning tracker suggests...
UK official reserves change Sept -£321m vs +£656m prev
Latest stats out from the BOE
This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
Full details from the BOE site here
UK Treasury dept has this as well by way of further background
I'm still going through the small print but I don't see anything of note so far. The HMT report...
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