China credit rating_2905

Chinese Downgrade Dominating Markets Over the past week, the key story dominating currency market has been the downgrading of China’s credit rating by ratings service Moody’s. The cut, which is the first downgrade since 1989, now sees China’s credit rating sitting at Aa3 from A1 previously. Moody’s also lowered their outlook for the world’s se...

2017-07-26 James Harte Read more
China's economy Great Hall

China's economy advanced in the first three months of this year, marking a second consecutive quarterly GDP expansion led by a pickup in investment, a rebound in the retail sales and government spending. Data from the National Bureau of Statistics (NBS) showed on Monday this week that the world's second-largest economy advanced at an annualized...

2017-04-19 John Benjamin Read more
Bank of China_Chinese data

After the ECB decision and the US economic releases during yesterday’s trading, which had a notable impact on the markets. Another set of economic figures were released from China, which also led to another wave of volatility until this report is released. In today’s article, we will take a look at the Chinese figures, explain the impact and wha...

2017-01-20 Nour Eldeen Al-Hammoury Read more
China's inflation_0803

China’s kicked off the year with positive economic releases, while its currency continued to decline further. The US Dollar also continued to rise across the board, while metals are stabilizing. Yet, Crude Oil added more than 1% in its first trading session of the year. In today’s article we will look at the Chinese and the UK data, what does it...

2017-01-03 Nour Eldeen Al-Hammoury Read more
chinese data_November 2016

In today’s article, we will take a look at the outcomes of the Chinese Data in addition to a look at the UK inflation data, what does it mean for both central banks (PBoC & BOE) and the effect on the Chinese Yuan and the British Pound of the short term. Positive Chinese Data Contrary to the market expectations, the Chinese data came in ...

2016-12-13 Nour Eldeen Al-Hammoury Read more
Chinese Yuan_0112

During the Asian session today, there were a collection of economic releases from China, which had a notable impact on the markets. This is aside from the impact of the historical decision by OPEC and Non-OPEC members to cut the oil production for the first time since 2007, leading to a sharp rally in Crude Oil prices by more than 8% in few hour...

2016-12-01 Nour Eldeen Al-Hammoury Read more
China's economy Great Hall

The Chinese Trade Balance was released during the early morning hours today, showing some mixed data. However, the impact has been muted as it’s the election day in the US; therefore, today’s economic releases are more likely to be overshadowed by the election developments. Definitions Trade Balance: This figure calculates the difference...

2016-11-08 Nour Eldeen Al-Hammoury Read more
Yuan Gold Fix

As market opened early Wednesday this week, a quiet surprise sprung off the markets when China, the world's top gold consumer, launched a yuan-denominated gold benchmark. What does this mean? To put it simply, this means China’s previous talks since the last year, with the Chicago Mercantile Exchange Group (CME) to set a deal to see Shanghai...

2016-04-25 Kenny Simon Read more
Yuan

It was only less than a decade ago that China overtook Japan in 2005 to become the world's second-largest economy. Powered by a population of over 1.3 billion, as a hitherto closed economy, China powered ahead after it undertook a series of economic reforms, growing at a rate of over 10% in over a decade. China emerged as a strong economy largel...

2016-02-09 John Benjamin Read more