General Discussion Topics, page-626

@Crom Valen

Also on the same day that BHP released the announcement last Monday China released poor economic data. Last week also saw falls in the price of Iron Ore and Oil. These factors have also conspired to spook commodity related markets last week. Nothing to do with GBR specifically.

(Extract from Forexlive)

China data — the breakdown

Once a month, Chinese authorities present a tri-data package comprised of industrial production, retail sales and unemployment figures.

All three measures missed forecasts, with industrial production (+6.4%) rising at the lowest monthly rate since August 2020.“

These are poor numbers that are likely to spook broader markets,” said ForexLive analyst Adam Button, adding falls were likely to be exacerbated in commodities and commodity-linked currencies.