The Traderszone Network

Oil prices dipped on Monday as China’s economic growth eased in the third quarter to grow at the slowest pace since the start of the global financial crisis. China’s GDP figures showed growth slowed to 6.9 percent between July-September, beating analysts’ expectations for 6.8 percent growth, but down on a 7 percent rise in the second quarter. Quarter-on-quarter growth was 1.8 percent, the National Bureau of Statistics said, against market expectations of a 1.7 percent rise.

The dollar was steady on Friday after strong U.S. data kept alive prospects of the Federal Reserve raising interest rates before year-end.

Forex news for Asia trading Monday 19 October 2015
Monday
China Q3 GDP and other data:
Weekend:
A Monday of waiting for data from China, the Q3 GDP print was the focus along with industrial production, fixed asset investment and retail sales.

Asian shares outside Japan turned positive on Monday, after China’s third-quarter gross domestic product (GDP) beat market expectations.

China Q3 GDP and other data out earlier:
Some comments from around the place (via Reuters):
ZHANG YIPING, ECONOMIST, CHINA MERCHANT SECURITIES, SHENZHEN
– The sluggish real estate investment is an important factor for the low GDP and now it will certainly raise more concerns on this industry

ZHOU HAO, SENIOR ECONOMIST AT COMMERZBANK IN SINGAPORE

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Australian Federal police have locked down the main entry to Canberra’s Parliament house
Suspicious package being investigated
no further details as yet