China May data mixed: Retail Sales rise 8.6%, Industrial Output arrives at 5.0%


China’s May retail sales YoY, the number arrived at +8.6% vs. +8.1% expected and +7.2% last, with industrial output YoY at +5.0% and +5.5% expected and +5.4% last.

Meanwhile, urban fixed asset investment YoY stood at +5.6% vs. +6.1% expected and +6.1% last. 

The mixed data had little impact on the Australian Dollar, leaving the AUD/USD pair near 3-week lows of 0.6892, with AUD/JPY testing lows near 74.65.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

When is the BOJ rate decision and how could it affect USD/JPY?

USD/JPY struggles to keep the recent run-up past-107.00 ahead of the BOJ on Wednesday. The pair earlier benefited from hopes of virus vaccine and upbeat earnings but fears of the highest alert in Tokyo questions the bulls.

Read more

AUD/USD off five-week highs, battles 0.70 amid coronavirus vaccine hopes

AUD/USD is off the five-week highs to battle 0.7000. The pair benefits from the risk-on market mood amid coronavirus vaccine hopes. The bulls remain undeterred by the latest US-China tensions. 

AUD/USD News

EUR/USD hits four-month high of 1.1423

EUR/USD prints a four-month high of 1.1423 in Asia. The pair witnessed a bullish breakout above 1.1349 on Tuesday. The pair closed well above 1.1349 on Tuesday, invalidating the bearish lower high setup created on the daily chart on June 23.

EUR/USD News

Gold: Daily chart shows temporary uptrend exhaustion

Gold's daily chart shows a bearish divergence of the MACD, a sign of uptrend exhaustion. A break below the 10-day SMA could prove costly. The metal looks vulnerable to price pullback.

Gold News

Chart of the Day: DXY

The DXY is in a "bear flag" pattern currently and the target is well below the 94.00 level on a breakdown. However, there is a downtrend line (blue) and if this is broken it will negate the bear flag and turn ...

Read more

Forex MAJORS

Cryptocurrencies

Signatures