Aussie Still Stuck In Session Low After China GDP Data. Aussie remained low down in the session, the first annual increase in China's GDP for 2 years, which did not have a positive impact on the movement of the Aussie. Last Aussie looks at the session low at 1.0513 figure, where the Aussie down from the previous session high at 1.0560 figure recorded right after the release of the data came out, fell from those levels. China data release is still not considered sufficient by buying players to lift the Aussie higher, which for Goldman Sachs, sold the Aussie is considered the best option. Support Aussie located closest to the weekly low yesterday at 1.0493, followed by the low numbers January 7 at 1.0466, and the December 24th high at 1.0417 figure. For the rising movement, nearest resistance is Monday's low at 1.0520 figure, followed by the high current session high at 1.0561 and at 1.0580 weekly Wednesday.
China Shares Stable Post-Release Data
China Shares are steady after China's Q4 GDP data release which rose 7.9% from a year ago. The index rose from Q3 by 7.4% expansion. The Shanghai Composite Index rose 0.6% to 2298.00. Analysts peg the resistance level is near the level of 2350. "GDP figures according to previous market expectations, so it is not visible any significant changes in the Shanghai index, but the data can be used as an indication of market recovery laneways short and medium term. As seen on retail consumption data showed considerable improvement and provide a positive impact on the economy , "said Hong Yuan Securities analyst Tang Yongang. China's retail sales rose 15.2% per year for the period of December, up from the increase that occurred in November at 14.9% per year. Coal mining lead market gains after the sector suffered a setback last year's performance. China Shenhua Energy +0.6% to CNY24.43, Yanzhou Coal Mining +0.7% to CNY18.10, and China Coal Energy +1.2% to CNY7.87. Shenzhen index rose 0.4% to 925.44.
The growth of China's economy Quarter IV Lift
China's economic growth accelerated in the fourth quarter in 2012, confirmed growth for the world's second largest economy after the past 2 years the economy is slowing. The country's GDP grew by 7.9% end of the previous year in the fourth quarter, China's Central Bureau of Statistics said Friday. The figure shows an increase from the previous growth in the third quarter and 7.4% on the figure is still slightly above expectations of 7.8% to the increase, according to the medium-term forecast of a Wall Street Journal survey of more than 17 economists. Figures released showed the growth of China's economy likely to be stable close to the 8% this year.
Aussie Weakens After China GDP Data Release
The Australian dollar had an unpleasant reaction to the release of Chinese GDP data for the fourth quarter of 2012, which appears in the figure 7.9% against expectations of 7.8%, where the last q4 GDP rose 2% to 2.3% estimated in figures. Other data in line with forecasts, with some increase in retail sales recorded for data. Aussie cusp experienced today began selling dashed by going above 1.0550, fter generating retracement or move to an area of 1.0540. The strong Chinese data seemed to have been taken into account by the market after recovery Aussie during the European session. Aussie is still in the range between 1.0480/1.05 and 1.0600/10.
China Shares Stable Post-Release Data
China Shares are steady after China's Q4 GDP data release which rose 7.9% from a year ago. The index rose from Q3 by 7.4% expansion. The Shanghai Composite Index rose 0.6% to 2298.00. Analysts peg the resistance level is near the level of 2350. "GDP figures according to previous market expectations, so it is not visible any significant changes in the Shanghai index, but the data can be used as an indication of market recovery laneways short and medium term. As seen on retail consumption data showed considerable improvement and provide a positive impact on the economy , "said Hong Yuan Securities analyst Tang Yongang. China's retail sales rose 15.2% per year for the period of December, up from the increase that occurred in November at 14.9% per year. Coal mining lead market gains after the sector suffered a setback last year's performance. China Shenhua Energy +0.6% to CNY24.43, Yanzhou Coal Mining +0.7% to CNY18.10, and China Coal Energy +1.2% to CNY7.87. Shenzhen index rose 0.4% to 925.44.
The growth of China's economy Quarter IV Lift
China's economic growth accelerated in the fourth quarter in 2012, confirmed growth for the world's second largest economy after the past 2 years the economy is slowing. The country's GDP grew by 7.9% end of the previous year in the fourth quarter, China's Central Bureau of Statistics said Friday. The figure shows an increase from the previous growth in the third quarter and 7.4% on the figure is still slightly above expectations of 7.8% to the increase, according to the medium-term forecast of a Wall Street Journal survey of more than 17 economists. Figures released showed the growth of China's economy likely to be stable close to the 8% this year.
Aussie Weakens After China GDP Data Release
The Australian dollar had an unpleasant reaction to the release of Chinese GDP data for the fourth quarter of 2012, which appears in the figure 7.9% against expectations of 7.8%, where the last q4 GDP rose 2% to 2.3% estimated in figures. Other data in line with forecasts, with some increase in retail sales recorded for data. Aussie cusp experienced today began selling dashed by going above 1.0550, fter generating retracement or move to an area of 1.0540. The strong Chinese data seemed to have been taken into account by the market after recovery Aussie during the European session. Aussie is still in the range between 1.0480/1.05 and 1.0600/10.
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