Market insight — 🇨🇳 Data Below Expectations in Chinese Economy (17/08 10:00)
▪️ While industrial production increased by 4.5% on an annual basis, remaining below the expectation of 4.8%, retail sales increased by 0.6%, well behind the estimate of 1.5%. ▪️ Fixed asset investments performed worse than expectations of 6.0%, down 6.7%; The unemployment rate increased from 5.0% in the previous month to 5.2%.
Evaluation: Chinese data falling below expectations may trigger global growth concerns. This situation has the potential to cause volatility that could restrict liquidity flow in crypto markets by suppressing risk appetite.
#Crypto #TechnicalAnalysis #Binance
▪️ While industrial production increased by 4.5% on an annual basis, remaining below the expectation of 4.8%, retail sales increased by 0.6%, well behind the estimate of 1.5%. ▪️ Fixed asset investments performed worse than expectations of 6.0%, down 6.7%; The unemployment rate increased from 5.0% in the previous month to 5.2%.
Evaluation: Chinese data falling below expectations may trigger global growth concerns. This situation has the potential to cause volatility that could restrict liquidity flow in crypto markets by suppressing risk appetite.
#Crypto #TechnicalAnalysis #Binance