As far as I'm concerned the market's reaction today ( & the next few days ) to the Chinese GDP figure is crucial as to where the market and currencies are heading longer term. Do we get a one day pop , a couple of day's rally , a sustained rally or a massive slump. There will be selling into any rally atm but can the market get past that. My guess is Chinese GDP will be reported marginally better than expectations. Say 7% instead of 6.9%. Of course, it's all made up but what's important is how the market follow's through on the initial reaction. I've got my agenda set on all different options so looking forward to some surprises. Also, pretty heavy day as to US earnings season with Bank of America, EBAY, Morgan Stanley, Netflix, Unilever and United health all reporting today either before market open or after market close.
