{"id":20025,"date":"2011-03-10T11:13:26","date_gmt":"2011-03-10T16:13:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20025"},"modified":"2011-03-10T11:13:26","modified_gmt":"2011-03-10T16:13:26","slug":"asian-market-wrap-chinese-trade-data-disappoints-by-fastbroker-research-team","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/10\/asian-market-wrap-chinese-trade-data-disappoints-by-fastbroker-research-team\/","title":{"rendered":"Asian market wrap: Chinese trade data disappoints; By FastBroker Research Team"},"content":{"rendered":"<p><strong>Written by FastBrokers House<\/strong><\/p>\n<p>It has been a reasonably active session in Asia with first the New  Zealand rate cut, then Australian job numbers abd finally the Chinese  trade data to guarantee some volatility.<\/p>\n<p>The AUD\/USD was trading at 1.0105 before the jobs data but fell  sharply to 1.0066 on the headline number. Once traders dug a little  deeper into the data, the AUD\/USD jumped straight back up to 1.0115. The  Chinese data, whilst worse than expected, did not come as a total  surprise as there had been rumours that the Chinese would engineer a  poor number in order to help their negotiating position in upcoming US  trade talks. The AUD\/USD fell heavily nonetheless, from 1.0090 to a low  of 1.0032. Ranges: 1.0032\/1.0117<\/p>\n<p>Most of the other pairs have followed the AUD\/USD lead. EUR\/USD  opened at 1.3900 and tried to push higher first up but encountered some  decent selling at the session high of 1.3925. The Chinese data and the  falling AUD\/USD encouraged these early session longs to bail. Ranges:  EUR\/USD 1.3865\/1.3925,\u00a0EUR\/CHF 1.2898\/1.2940<\/p>\n<p>Cable has followed the lead of the other pairs, lagging in both  directions. Traders have been unwilling to put on much risk ahead of  tonights MPC. Ranges: 1.6172\/1.6216, EUR\/GBP .8566\/90<\/p>\n<p>USD\/CHF .9277\/.9319, USD\/JPY 82.67\/89<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/fastbrokers.com\/index.php?9f9043f9\" target=\"_blank\"><strong><em>Market Commentary<\/em> provided by FastBrokers.<\/strong><\/a><\/span><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is              provided for information purposes only and under no circumstances       should        be regarded neither as an investment advice nor as a       solicitation    or    an  offer to sell\/buy any financial product.       FastBrokers  assumes   no     responsibility or liability from  gains or      losses  incurred by the       information herein  contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss         in trading futures and foreign exchange.      Please carefully review     all     risk disclosure documents  before     opening an account as these      financial    instruments are  not     appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has been a reasonably active session in Asia with first the New Zealand rate cut, then Australian job numbers abd finally the Chinese trade data to guarantee some volatility&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20025","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20025"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}