The
China PMI data on Saturday met the market expectations at 50.5 however it was
the lowest PMI reading for China in 6 months and was .5 lower than December’s
reading.
One
thing seems to be clear to me, 2014 is heading towards a great rotation year
for financial markets to sell emerging market assets (currencies and stocks in
Asia, South Africa, Brazil, India, Russia and even Australia) and move that
money back into the traditional developed economies and currencies such as the
USD.
China I
believe will still grow at around 7% to 7.5% however it seems clear that
the markets are wanting to focus in and put Chinese growth and
infrastructure spending under the microscope and really find out how the
Chinese Government is going to live up to expectations and keep the wheels
turning. That's the big concern right now and it just backs up our Fundamental
Directional Views are on the right track.
Everyday Andrew Barnett from LTG GoldRock sends Fundamental and Technical Analysis to LTG GoldRock Subscribers in the GoldRock Insider Report. Forex Trading is definitely a lot easier with a Mentor and the right education. Catch up on the latest from the LTG GoldRock team on www.LTGGoldRock.TV
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