OctaFX | OctaFX Forex Broker
Open trading account
Back

China’s Dec trade balance (CNY): Exports and imports drop sharply

China's trade balance for December, in Yuan terms, came in at CNY 395bn versus CNY 306.04bn last.

Exports came at +0.2% y/y vs. +10.2% last, while imports were -3.1% y/y vs. and +7.8% last.      

About China trade balance

The Trade Balance released by the General Administration of Customs of the People’s Republic of China is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the CNY. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market. In general, a high reading is seen as positive (or bullish) CNY, while a low reading is seen as negative (or bearish) for the CNY.

EUR/JPY Technical Analysis: H&S breakdown favors drop below 124.00

The EUR/JPY pair is currently trading a 124.20 and could soon drop below the psychological level of 124.00, having suffered a head-and-shoulders (H&S)
Read more Previous

Chinese investment in US declines 73% in 2018 - Reuters

According to Reuters, Chinese investment in the domestic US collapsed -73% as the two countries' tariff spat continues to see escalating real-world ef
Read more Next
Start livechat