Chinese PMI preview (first since Yellen) – what to expect in AUD/USD
By FXStreet
This is what Fed Chairwomen Yellen and market is now focused on
Given Yellen’s recent rhetoric and specific concerns that were expressed about Chinese growth momentum and “global factors”, the data today from China will take on an increased interest from markets.
Analysts at TD securities noted that the evolution of the Chinese PMIs have been “wholly unconstructive” since mid-2015 when they explained that the manufacturing sector PMI headline index fell below 50 and has remained below, with an acceleration to the downside in the January and February reads. “Indeed, the 12-month moving average trend has been printing below 50 since November, the first time this has happened since the global financial crisis.”
China data: what is the market looking for? – TDS
Caixin Manufacturing PMI – China
RBA will be in focus next week
On a quick note in respect to the RBA, who meet next week on Tuesday, focus will be on the Aussie (as well as today’s result in China”s performance) and how far its …read more
Source:: FX Street
