Last night is far less important than today when we see the release of Chinese Q1 GDP which  is the fulcrum around which the next moves in markets will pivot. It is an especially big risk for stocks and the Aussie dollar, noting that risk has two sides both upside and downside. The market is looking for a slowdown in growth year on year from 7.7% to 7.3% for Q1 with 1.4% actual growth in the quarter. Retail sales are also out but of secondary importance to the GDP. I have no idea which way the data will print, whether it will print on, above or below expectations. But even if I did it is not always easy to ... (full story)