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Forex market reviews

16 April 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Australian Dollar Re-strengthens

According to data published yesterday, industrial production in the US (which includes values from the manufacturing industry) in the public services sector fell by 0.6% in comparison with February, taking into account the correction for seasonal fluctuations. The market expected the value to fall by 0.4%. This disappointing stat has increased the continued pressure on the dollar, which was on the edge of reaching a new maximum against other currency pairs, unseen for many years.
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15 April 2015

Market sessions

Analyst Contest participant

Alpari Analyst

Chinese Economic Data Weaker and Weaker

A set of disappointing Chinese macroeconomic data was published today which was a shadow of expectations. Chinese GDP in the first quarter had grown by 7% on the same tune last year, but has slowed from the figure of 7.3% in the final quarter of last year. Growth in the industrial sector slowed to 5.6% and as such was the first time in history that Chinese industrial growth is below overall economic growth. Retail sales also grew weaker than expected: 10.2% YOY.
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