13.07.2015 - The trade surplus was below expectations

Today was published important statistics on China's trade surplus. So, in June the surplus totaled 45.6 billion compared to the forecast of 55.7 billion. The Customs Administration of China admitted an economic slowdown, the negative impact of the strengthening of the yuan, weak external demand and wage growth. As a result, exports grew by 2.8% to 192 billion, while imports decreased by 6.1% to 145.5 billion. It is worth noting that the index has a strong impact on commodity prices and respectively, on currency quotes of commodity dependent countries such as Australia. We expect growth in the Chinese stock market, but in the near future volatility will remain high due to the overheated stock market.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.