Monday, October 12, 2015

China Sept trade in focus - TDS

FXStreet (Bali) - China Sept trade, due on Tuesday (tentative time but usually around 2GMT) will be in focus, on the back of a disappointing release last August, with James Rossiter, Senior Global Strategist at TD Securities, expecting a rebound in September.

Key Quotes

"August was a shocking trade month in China, with imports down 7.1% m/m (sa) in the month. A rebound in September is likely, after a few oneoffs dampened August, so we look for exports growth to ease to -4.1% y/y and imports to be also trimmed to -12.4% y/y, more optimistic than consensus. Note that Chinese trade data will soon only be released in CNY terms, leaving forecasts with a bit more than the usual degree of uncertainty."
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