No surprises from China as expected.

China's December quarter GDP number came in pretty much in line with expectation at 7.7%. Most leading economist were predicting a number of around 7.6% so when 7.7% printed on screens it gave no reason for traders to go berserk and buy or short a currency post the news.

If you follow this LTG GoldRock Insider report throughout the year you will notice that most of the China data comes in bang in line with expectation and rarely do we see anything majorly out of whack. Yes, I too think the numbers that come out of China could be just what the government wants the market to hear however there is no point trying to guess if the numbers are fudged or not, the bottom line is the market trades the data regardless.