China trade data beats in December, commodity import volumes surge: While no doubt that some in the markets will be sceptical of the numbers, Chinese data...

China trade data beats in December, commodity import volumes surge: While no doubt that some in the markets will be sceptical of the numbers, Chinese data hasn't been the most trustworthy source of information in the past, taken as is it's clear that China isn't concerned about commodity price falls, it's welcoming it. While a strong trend is often hard to turnaround, should paper markets pick up on the idea that China is actively buying, and aggressively at that, the short squeeze in the likes of crude and other key commodities could be savage given positioning and sentiment at present. All eyes then on the European and US price action this evening... (VIEW LINK)