Week in FX Asia Chinese Household Confidence Falls

A survey by Bank of Communications Ltd, one of the major state-owned banks in China, revealed that Chinese households expect the next six months to show a reduction on their income. Questions around employment prospects and unemployment rate were responded negatively by more than half of the participants. Willingness to invest in China has declined as the effects of an economic slowdown start to trickle down.

The Japanese goverment downgraded its assessment of the economy as manufacturing fell due to the global downturn. The territorial dispute with China continued to hurt sales of exports with no end in sight to the boycott of Japanese products.


  • ALL IMF – World Bank Annual Meetings
  • CNY Consumer Price Index
  • USD Advance Retail Sales
  • NZD Consumer Prices Index
  • AUD Reserve Bank Board – October Minutes
  • GBP Core Consumer Price Index
  • EUR Euro-Zone ZEW Survey
  • EUR Euro-Zone Consumer Price Index
  • USD Consumer Price Index
  • GBP Bank of England Minutes
  • GBP Jobless Claims Change
  • EUR German Producer Prices
  • CAD Consumer Price Index

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza