Strong Chinese Data

The Chinese trade balance showed strength in the global economy as exports came in much higher than expected which does indicate that global demand is strong.

It appears as if the global economy has stabilized and started to expand once again which is a positive sign. I would not be surprised to see a pick-up in global currency wars in 2014 as those economies which have not fared as well will try to manipulate their currencies.

I think two of the biggest beneficiaries of strong global demand will be the Australian Dollar and the Canadian Dollar, but that is just my opinion.