Evergrande Archives - Orbex Forex Trading Blog

Major World PMIs: Is Down the Only Way Forward?

Happy New Year! Welcome to an avalanche of data to get the markets started off with some volatility. Generally, PMI data is instrumental in setting the tone for the markets during the first days of the month. It could be even more…
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China’s Inflation and the Impact on Global Currencies

The general turnaround in risk sentiment this week has largely been attributed to the latest studies pointing to the omicron variant being less virulent than prior variants. But what also gave the market a push early on Monday was the…
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China Evergrande, Contagion and What Does “Default” Mean?

By now it's been a couple of months since the Evergrande issue hit the markets. Since then, a lot of the more pessimistic scenarios haven't played out. In fact, the worries about a collapse of the housing market in China have pretty much…
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China Inflation and What It Says About the Outlook for Commodities

The media has been focusing more on traumatic stories from China, like the continuing saga of Evergrande. This has shifted some of the attention away from the underlying economic data. It's still uncertain how China will address the…
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What Can We Expect from China PMIs?

Given all the news we've been getting about the housing situation in China, there is good reason to think that the PMI figures coming out tomorrow will be more somber. However, there is a possible explanation for why both the official…
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Is There a Risk of Contagion in China from Evergrande?

There has been quite a lot of talk in the media over the Evergrande debt fiasco in China. On Thursday, Moody's downgraded their company's credit rating to CA, saying they did not have enough funds to cover their debt. And early this…
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How Evergrande Tanked the Markets This Week

Yesterday, traders came to their desks to an unpleasant surprise. Specifically, most stock markets were trading down and safe-haven assets were on the rise. Some of the losses were later recovered, with a couple of US indices trading…
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