8 Jan 2016
China trade balance coming up - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the upcoming data from China next week in the trade balance.
Key Quotes:
"China Manufacturing PMIs have disappointed of late, with weak external demand a factor. As a result, the risk lies with exports registering another decline from the -6.8% prior. The market is more likely to look at imports to gauge internal demand. Here too we pencil in another decline from the prior -8.7%, but part of this is due to the CNY depreciation over Dec."
Key Quotes:
"China Manufacturing PMIs have disappointed of late, with weak external demand a factor. As a result, the risk lies with exports registering another decline from the -6.8% prior. The market is more likely to look at imports to gauge internal demand. Here too we pencil in another decline from the prior -8.7%, but part of this is due to the CNY depreciation over Dec."