The cycle of cheap energy, a strong dollar, and weak global demand (including a weak China), first described in “Crude Analysis of Crude: I Enter the Center of the Cycle”, might give way to what could be a significant event. The price of the Crude Light Oil contract, traded on Globex, is nearing its 100 day…
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Cycle of Weak Global Demand: Chinese Export Number Misses Big!
China Trade Balance (Mar), which came at CNY 18.8 bln vs exp CNY 250.0 bln, with exports -14.6% y/y (in yuan terms), while imports were -12.3% y/y (yuan terms), all components being a big miss, that has sent the rate at its day lows of 0.7610 from 0.7675/80 (AUD). It is interesting to see Chinese…