China's weak trade surplus is no cause for disappointment

Expert market comment from Alex Kuptsikevich of the FxPro Analyst Team: China's weak trade surplus is no cause for disappointment
FxPro | 993 일 전

China's weak trade surplus is no cause for disappointment

China's exports contracted by 0.4% YoY in October, while imports lost 0.7% YoY in dollar terms. The foreign trade surplus rose to $85.7bn, lower than expected at $96bn.

 

Most observers saw these figures as a signal of a slowdown in the second-world economy. At the same time, it is worth bearing in mind that the dollar has appreciated by 18% against the DXY index (a basket of the six popular currencies) over the past year and by more than 12% against the CNY.

The renminbi has weakened in two waves this year: in April-May and from August until the end of October. In the first wave, we saw the USDCNY gain 5%; in the second wave, the renminbi weakened by around 7.5%. The second wave of weakening has a chance to reinvigorate foreign trade.

 

China is facing a relatively indirect impact from the energy crisis. It is more affected by the slump in the global economy than by the energy price hikes that Europe and Japan are facing. A relatively measured weakening of the national currency would probably work to maintain the competitiveness of Chinese goods on global markets.

 

If we are correct, the Chinese economy is now close to its lows for a coming couple of quarters, as production and consumer activity will pick up further. Added to this is the recovery in the Chinese markets, which has been evident since the start of the month. At current levels, global investors may be taking a closer look at Chinese assets, which would also help the renminbi in addition to the work that the PBC is doing to contain the weakening of its currency.

 

By the FxPro Analyst Team 

규제: FCA (UK), SCB (The Bahamas)
read more
ATFX Economic Calendar- 2025.07.28~2025.08.03

ATFX Economic Calendar- 2025.07.28~2025.08.03

The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.
ATFX | 51 분 전
ATFX Market Outlook 28th July 2025

ATFX Market Outlook 28th July 2025

In June, US core durable goods orders fell unexpectedly, while shipments rose slightly, signalling a slowdown in business investment for Q2. S&P Global PMI also indicated softer manufacturing activity. Nevertheless, optimism surrounding a potential US-EU trade deal boosted sentiment, pushing the S&P 500 and Nasdaq to record close on Friday.
ATFX | 1 시간 39 분 전
Will the S&P 500’s record run power on to 6,500?

Will the S&P 500’s record run power on to 6,500?

The S&P 500 is on a roll - again. It recently burst through the 6,350 level, brushing it aside like a mere formality. For market watchers, it’s another high-water mark in a year defined by relentless momentum, tech-fuelled optimism, and the ever-present fear of missing out (FOMO).
Deriv | 2 일 전
EUR/USD Under Pressure Despite Weaker US Dollar

EUR/USD Under Pressure Despite Weaker US Dollar

The EUR/USD pair dipped to 1.1738 on Friday as the US dollar staged a modest recovery, though it remains on track for a weekly decline. Investors continue to weigh developments in trade negotiations while awaiting next week’s Federal Reserve meeting.
RoboForex | 2 일 전
Dollar on the defensive, seeks support 

Dollar on the defensive, seeks support 

ECB pauses, raises the bar for September rate cut; Trump’s Fed visit proves uneventful, despite rate cut demand; Dollar losses mount this week, even the yen outperforms the greenback; Cryptos are on the back foot today; altcoins maintain sizeable gains;
XM Group | 2 일 전