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AUD/USD, USD/CNH: PMIs suggest China’s economy is nearing stall speed
Chinese economic activity is nearing stall speed with the government’s purchasing managers indexes (PMIs) falling further in November, surprising markets to the downside for a second consecutive month.
China A50, USD/CNH: Turning point as economic recovery gathers pace?
Activity levels in China’s economy look to be slowly picking up, providing relief for cyclical assets amidst a deteriorating macro backdrop due to events in Gaza. That's helping boost CNH and China's A50 share index.
AUD/USD: Monthly indicators in China’s ‘data dump’ to dictate direction
The tentative rebound in the AUD/USD faces its next hurdle today with the release of China’s monthly ‘data dump’, including Q3 GDP.
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China A50: Retest of range lows looms, testing buyer demand
Chinese equities have had plenty thrown at them in 2023. Yet, despite the challenges, some mainland indices such as the FTSE A50 are holding up alright.
AUD/JPY: A proxy trade on China’s outlook that does not involve USD
Having been driven by rate differentials for much of the past three years, AUD/JPY is evolving into an effective way to express a view towards China’s outlook that does not involve the US dollar.
Stimulus and seasonality could power mining sector gains
A trade idea to play what what is traditionally strong period for mining stocks.
US CPI, ECB and a slew of China data: The Week Ahead – 08/09/2023
The combination of a key US inflation report and finely-balanced ECB interest decision should keep EUR/USD on trader’s radars. Although we also have plenty of data out from China which could sway sentiment for risk assets, including CPI/PPI, loan growth, investment, retail sales and employment.
China A50: upside risks for earnings grow as stimulus ramps up
Comprising huge financial and property firms, China's A50 may benefit from the rapid rollout of stimulus measures.
Hang Seng, China A50: bounce beckons on stamp duty cut
China's stamp duty cut on stock trades sows seed for a bounce given depressed valuations and investor sentiment.
Iron ore rally faces its next big test
Iron ore has been rallying hard but will stimulus speculation end in sorrow?
AUD/USD: reversal risk builds ahead of Jackson Hole
Not a lot has to change to spark a near-term Aussie dollar reversal.
USD/CNY: PBOC ramps up efforts to defend the yuan
The People's Bank of China delivers the strongest USD/CNY fix relative to expectations on record.
AUD/USD hits fresh lows as bearish sentiment towards China’s economy intensifies
No matter how you slice or dice it, negatives for the AUD/USD continue to pile up.
AUD/USD, ASX 200 falter on weak China data: Asian Open – 15th August 2023
It was a risk off tone to the start of the week following dire loan data from China over the weekend. AUD/USD briefly traded to a fresh YTD low and the ASX fell out of its bearish bed ad closed below 7300 for the first time in a month. The question now is whether key support levels will hold and appetite for risk will be restored, or something bigger is cooking?
AUD/USD vulnerable to downside risks with cooling China credit
Lead indicators on Chinese economic activity are rolling over fast, adding to downside risks for the Australian dollar despite persistent stimulus hopes.
Alibaba Q1 earnings preview: Where next for BABA stock?
Alibaba faces tough economic and market conditions as it embarks on a major restructuring to split itself into six separate businesses.
DAX Analysis: Index futures lower on China’s soft PMI print
Sentiment took a slight knock in the Asian session when the latest set of PMI figures for China continued to shows the economy is weakening. But it also begs the question as to whether this simply more stimulus is coming, which could potentially help to support sentiment (and risk assets such as the DAX).
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Alibaba FY2023 earnings preview: Where next for BABA stock?
Can Alibaba improve profitability and install confidence that it can unlock value as it prepares to separate its array of different businesses?
Hang Seng outlook: Sentiment knocked on weak China data
Another weak set of data from China keeps concerns for global growth alive, yet whilst the Hang Seng knock from the highs we suspected it can remain supported.
The Hang Seng rises on soft inflation data from China
China’s consumer and producer prices continued to deflate in March, which helped further boost sentiment in today’s Asian session.
European Open: Alibaba shares rally over 16% on news of company split
Alibaba shares ripped higher and on track for its best daily performance in 11-months on the announcement the conglomerate will split into six companies.
Will the US ban TikTok and what stocks would benefit?
What stocks would benefit if TikTok is banned in the US?
Sentiment improves as China data boosts hopes of 5% growth
The government’s recent 2023 growth target of ‘around’ 5% seems to be on track according to the NBS, which helped commodity FX and indices rise during the Asian session.