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Week in FX Asia – Chinese Power Transition as Growth Improves

The 10 year power transition in China will happen next week. President Hu Jintao is expected to step down with current VP Xi Jingping in line to be the new leader for the next 10 years. On the economic front there has been encouraging news out of the manufacturing sector where an increase in activity has grown.

The Bank of Japan boosted its stimulus program but the size was below market expectations. This resulted in the Yen strenghtening against USD and EUR which was the opposite what the Central Bank wanted.


  • USD ISM Non-Manufacutring Composite
  • AUD Reserve Bank of Australia Rate Decision
  • EUR Euro-Zone Producer Price Index (YoY)
  • AUD Employment Change
  • GBP BOE Asset Purchase Target
  • GBP Bank of England Rate Decision
  • EUR European Central Bank Rate Decision
  • EUR German CPI
  • USD U. of Michigan Confidence

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza [23]

Senior Currency Analyst at Market Pulse [24]
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
Alfonso Esparza

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