Looks Like China Is A Bit Under The Weather 13th July, Uk Forex Update

Vantage FX (http://www.vantagefx.co.uk/) provides a daily overview of the news activity

and announcements currently shaping currency movements across the world. Jay Mawji, the companys head of market analysis, takes a look at news surrounding Eurozone economies on 13th July 2012.

Looks like Eurozone contagion affects everyone. We always hold the Asian economies in high regard, and for fair reason, but now it appears that even China has been consumed by Eurozone contagion.

The rate of growth in China has reached its slowest level since 2009 when it posted a 7.6% growth in the second quarter this year. Its incredible to think that such high levels of growth arent good enough for the nation, but its obvious to see that Chinas exposure to the Eurozone and the US will have a remarkable impact on the performance of their economy in years to come. Its worth reminding that China had the opportunity to bail out the Eurozone, instead choosing to step back and lurch in for cheap assets whilst the Eurozone battled its way out. The news of Chinas slowing GDP was defended in the East by comments on how economic policy needs to be adjusted with very little mention of the Eurozone. What they dont know wont hurt them.

Im not going to talk too much about the USD, euro or sterling as next week is loaded with data. In a week when the US showed little evidence of Quantitative Easing and the UK suggested a pause to the recent QE injection, the Forex markets have been somewhat side-lined. Well, next week should be electric. Have a good weekend.

About Vantage FX UK

Vantage FX UK is a FX trading broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.

What sets Vantage FX apart is its wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors.

Vantage FX also offers extensive educational resources to help give traders their edge, keep up with daily market commentary and try a FX trading demo account.

by: Vantage FX UK

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