USDCAD 5-Wave Impulse To Complete Triple Zigzag
The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]
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Expert's opinion from FXFinPro
Statistics from China supported sentiment of investor
Today was published important statistics on China's trade surplus, according to which a surplus rose to 60.1 billion dollars in December against expected decline to 52.2 billion dollars. It should be noted that exports from China grew in December by 2.3% per year, against a decline by 6,8% in November. Experts predicted a decline in exports by 8.0% per annum. At the same time, imports fell by 4.0% compared to the same period in 2014. For 2015, exports decreased by 1.8% to 2.15 trillion dollars, while imports fell by 13.2% to 1.59 trillion dollars. This fact allowed to stabilize the situation on the Chinese market and we expect a correction on the markets of the country in the near future, but the situation remains uncertain.
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Wednesday, 13 Jan, 2016 / 2:17
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