China Data

China Trade balance was a bit of a mixed bag but the key news was 20% down on imports which doesnt bode well for the Antipodeans. The recent devaluation didnt help of course but the result just underscores the slowing economy and its transitioning to more services orientated - great for internal economy !

Would expect to see a fall in aussie and kiwi soon. Oil showing some volatility of late as well so think about good levels to short at.

Posted in China.

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