China’s January-February Retail Sales rise 4%, Industrial Production up 5.9%
Source Fxstreet
China’s January-February Retail Sales increased by 4% year-over-year (YoY) vs. 4% expected and 3.7% in December, the latest data released by the National Bureau of Statistics (NBS) showed Monday.
Chinese Industrial Production rose 5.9% YoY in the same period, compared to the 5.3% forecast and the 6.2% booked previously.
Meanwhile, the Fixed Asset Investment came in at 4.1% year-to-date (YTD) YoY in January-February, beating the expected 3.6% figure. The December reading was 3.2%.
AUD/USD reaction to Chinese data
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin shows strong correlation with institutional demand following 7% uptickBitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Despite higher-than-expected Producer Price Index (PPI) inflation data for November, Bitcoin surged to new eight-week highs, diverging from US stock markets.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Related Instrument
