Economic Calendar | Ups and downs in the Far East

Another week of trading is about to begin, which means more interesting market events. Monday will see some very interesting changes to the most important currencies of the world, so stick with us as we break down the information you need to make some money. For today, we will see a shift mostly in the currencies of the east, specifically, the Japanese yen and the Chinese yuan. According to the National Bureau of Statistics of China, the Year over Year exports of China will see a fall from last week, which could negatively affect the CNY. However, the exporting of goods and services might see an increase of over 4%, which will most likely have a positive effect on the yuan. If we add to that the fact that the M2 Money Supply, an indicator released by the People’s Bank of China, which monitors the circulation of the CNY, might also see a rise and even new loans in China are set to rise, this leads us to believe that the yuan will most likely see a bullish Monday. Looks like good news will come for investors in the yen as well. The GDP of Japan is set to rise across the board, no matter if it is the Quarter on quarter, annualized or nominal GDP. Furthermore, private consumption and business spending are set to rise as well, by almost a full percent each. This also leads us to believe that the Japanese yen will most likely see a bullish day.

Economic calendar | How to profit from this?

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Author: Ben Prescott

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