The Chinese economy grew at an annualized rate of 6.8% in Q4 2016, better than 6.7% that had been projected. Good news? Not so fast. Year on year growth came out at 6.7% as predicted. Other figures were slightly disappointing. AUD/USD managed to advance and reached 0.7588, above the previous weekly highs of 0.7570, but the move was short-lived, and the pair fell back to its previous range, trading around 0.7540. Other figures were also more or less in line with early estimations. Chinese industrial output growth slowed to 6%, lower than 6.1% expected and 6.2% seen last time. Fixed Asset Investment decelerated with a growth rate of 8.1% against 8.3% forecast. A positive surprise came from retail sales, that grew by 10.9% instead of 10.7% expected. For Australia, China’s industrial manufacturing is more important than consumption. Earlier this week, Australia printed a mixed jobs report, with gains in part-time jobs rather than full-time ones. The focus now shifts to the inauguration of Donald Trump as the President of the USA. Trading could become more volatile. More: AUD/USD: Upward Correction Targeting 0.7700/20 Against 0.7150/00 – NAB Here is how recent moves look on 30-minute AUD/USD chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next GBP/USD falls on poor UK retail sales Yohay Elam 6 years The Chinese economy grew at an annualized rate of 6.8% in Q4 2016, better than 6.7% that had been projected. Good news? Not so fast. Year on year growth came out at 6.7% as predicted. Other figures were slightly disappointing. AUD/USD managed to advance and reached 0.7588, above the previous weekly highs of 0.7570, but the move was short-lived, and the pair fell back to its previous range, trading around 0.7540. Other figures were also more or less in line with early estimations. Chinese industrial output growth slowed to 6%, lower than 6.1% expected and 6.2% seen last time. Fixed… 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.
