Overnight we’ve seen the Chinese rate of inflation fall to a five year low and once again this is further evidence that deflationary pressures from the substantial declines in the price of oil are filtering through. CPI month on month has dipped into negative territory and in respect of wholesale prices they were also lower than expected marking nearly 3 years of deflation. This is more evidence of a Chinese economy that is coming off the boil and yesterday the Yuan suffered quite a move to the downside although it is recouping some of those losses against USD this morning. Investors remain worried that China’s growth next year, which is pencilled in at around 7%, will be lower but there is the flip side to the coin of lower oil prices that will act as a stimulus to the Chinese economy, just as it will to the wider global economy. As business and consumer costs continue to fall this means more room to invest and 7% growth for an economy as large as China’s is certainly not insignificant. Its significance however makes it a real threat to the global economy should the debt bubble burst and cause Chinese growth to tumble. The other threat causing concern for investors is the political tensions in Greece as Presidential elections are called for next week. Despite the Greek stock index suffering its worst daily declines in 27 years the euro has held up well with EURUSD just below 1.2400 this morning. This situation will be very closely monitored going forward. On the economic data front today the calendar is light however keep an eye on the Aussie overnight as employment data is released. Further reading: EUR/USD Dec. 10 – In perfect range after dollar sell-off TLTRO: 3 scenarios for EUR/USD FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next USD: Seasonal Softness In December Tends To Reverse In Yohay Elam 8 years Overnight we've seen the Chinese rate of inflation fall to a five year low and once again this is further evidence that deflationary pressures from the substantial declines in the price of oil are filtering through. CPI month on month has dipped into negative territory and in respect of wholesale prices they were also lower than expected marking nearly 3 years of deflation. This is more evidence of a Chinese economy that is coming off the boil and yesterday the Yuan suffered quite a move to the downside although it is recouping some of those losses against USD this morning.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.