The data of importance from China today is due at the top of hour. Q2 GDP, June 'activity'

From today's economic calendar in Asia Friday, 15 July 2022 - China focus

This snapshot from the ForexLive economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the 'prior' (previous month) result. The number in the column next to that, where is a number, is the consensus median expected.

Better than expected results in the data should be a tailwind for risk and oil. Any worse and both will remain downbeat.

ING on what they expect:

• On activity data, we expect all of them should improve in June from May. The focus should be on the retail sales recovery, which should at least move out of contraction on a yearly basis. Another focus should be on property investment, which has triggered the mortgage delinquency story reported widely in the media. So far, some banks have released statements that these delinquencies are controllable and some have commented that these mortgages are small relative to their portfolios. We believe that the government will quickly settle this incident so that this will not affect sentiment on the financial sector.

For the GDP number, DBS Bank in Singapore:

• "The worst of the downturn is over. But recovery in the second half is unlikely to be too strong,"
• "Anemic consumption remains the most daunting challenge owing to labor market strains because sporadic lockdowns have resulted in pay cuts and a hiring freeze."