The new trading week began today with a large Asian session: China’s GDP for the 2nd quarter, industrial output in June, investment in fixed assets and retail sales outside China raised the mood for investors and set the tone for the Australian and New Zealand currencies. Investments in China’s fixed assets rose by 5.8% in June compared with the same period last year, after rising 5.6% in May. Economists had forecast growth of 5.6%. Industrial production increased by 6.3% in June, after rising by 5.0% in May. Economists had forecast growth of 5.2%.

Forex exchange rate is the ratio of the price of one currency relative to another. A couple of decades ago, the rate of any currency could be learned only from financial news on television or radio, but at the present time, everything is much easier and more convenient when working on the currency market.

After presenting to a narrow audience of a new product by Apple - iPhone 7, which goes on mass sale on September, 16, PaxForex conducted a pretty impressive work in respect of Apple Inc. shares forecast and came to the conclusion that the release of the new smartphone can significantly increase the size of portfolio of our traders. We believe that the shares of the giant will rise to a target of $125.