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Tonight we have the biggest event for Asian markets for the week – probably even for the month!
We are expecting a host of economic data from China, chief among them quarterly GDP. The Asian giant is expected to close out the year just barely within official projections.
Despite downward pressure from many factors, officially, the Chinese economy continues to grow. This could help support other far east currencies.
Following the release of a barrage of economic data, including Industrial Production and Retail Sales, the Chinese National Bureau of Statistics will host a press conference. The comments from there can also move the market.
Therefore, the Asian session can be quite volatile. Analysts will be keen to hear the latest official projections for economic growth during 2020.
What We Are Looking For
The star of the event will be, as mentioned, quarterly GDP figures. The consensus of expectations is that Ch...
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