Here are the key factors to keep in mind today for Gold trades:
- Chinese Industrial Production, Retail Sales and Fixed Asset Investments Excluding Rural: Chinese Industrial Production for March increased by 6.8% annualized. Economists predicted an increase of 6.0%. Forex traders can compare this to Chinese Industrial Production for February which increased by 5.9% annualized. Chinese Retail Sales for March increased by 10.5% annualized. Economists predicted an increase of 10.3%. Forex traders can compare this to Chinese Retail Sales for February which increased by 10.2% annualized. Chinese Fixed Asset Investments Excluding Rural for March increased by 10.7% annualized. Economists predicted an increase of 10.4%. Forex traders can compare this to Chinese Fixed Asset Investments Excluding Rural for February which increased by 10.2% annualized.
- Chinese New Yuan Loans and Aggregate Financing: New Yuan Loans for March were reported at CNY 1,370.0B. Economists predicted New Yuan Loans at CNY 1,100.0B. Forex traders can compare this to New Yuan Loans for February which were reported at CNY 726.6B. Aggregate Financing for March was reported at CNY 2,340.0B. Economists predicted Aggregate Financing at CNY 1,400.0B. Forex traders can compare this Aggregate Financing for February which was reported at CNY 780.2B.
- Chinese GDP: The Chinese GDP for the first-quarter increased by 1.5% quarterly and by by 6.7% annualized. Economists predicted an increase of 1.5% quarterly and by by 6.7% annualized. Forex traders can compare this to the Chinese GDP for the fourth-quarter which increased by 1.6% quarterly and by 6.8% annualized.
- Chinese Money Supply (M0,M1 and M2): Money Supply (M0) for March increased by 4.4% annualized. Economists predicted an increase of 4.3%. Forex traders can compare this to Money Supply (M0) for February which decreased by 4.8% annualized. Money Supply (M1) for March increased by 22.1% annualized. Economists predicted an increase of 18.4%. Forex traders can compare this to Money Supply (M1) for February which increased by 17.4% annualized. Money Supply (M2) for March increased by 13.4% annualized. Economists predicted an increase of 13.5%. Forex traders can compare this to Money Supply (M2) for February which increased by 13.3% annualized.
- US Industrial Production and Manufacturing Production: US Industrial Production for March is expected to decrease by 0.2% and Manufacturing Production is expected to increase by 0.1%. Forex traders can compare this to US Industrial Production for for February which decreased by 0.5% and Manufacturing Production which increased by 0.2%.
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