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China’s manufacturing and services sectors expanded in June

Data from NBS (National Bureau of Statistics) expanded for the first month in four as lockdown restrictions were eased.

Fears of global slowdown continue to weigh on Copper and AUD/USD

With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!

June 29, 2022 03:59 PM

Poor PMIs underpin recession worries

This is the latest macro data to underscore worries about a sharp economic slowdown

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European Open: Volatile trade for yen pairs, PMI’s up next

The Japanese yen was broadly higher overnight on comments from a former FX and a report showing foreign investors fled the bond market last week.

Lagarde comments, poor UK PMIs give EUR/GBP a lift

Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs.

May 24, 2022 04:10 PM

European Open: EUR/USD pulls back ahead of PMI’s, futures lower

PMI data makes up the baulk of economic data for Europe and the US, which kicks off with German data at 08:15 BST.

May 24, 2022 06:30 AM

Asian Open: China’s PMI Contracts for a Second Month

We have a busy calendar to kick the week off today, and eyes will be focussed on Caixin’s PMI data at 12:45 AEST given the official data slumped to a new pandemic low on Sunday.

European Open: Evergrande Coughs Up, Flash PMI’s in Focus

Another day, another bullet dodged by the troubled Property Developer Evergrande. With a slight risk-on tone, focus now shifts to Flash PMI data for Europe and the US.

European Open: China Services PMI Follows Manufacturing Lower

China’s strict lockdown measures have also seen the service sector contract, which points to slower growth for the world’s second largest economy.

European Open: China PMI Contracts, ADP Employment and ISM in Focus

The final PMI read for China’s manufacturing sector was revised lower, which placed it into contraction for the first time since April 2020.

September 1, 2021 01:37 AM

Slowing growth hitting Iron Ore prices; trading near key levels

If the Australian GDP print is weaker, Iron Ore and AUD/USD prices may move lower

August 31, 2021 05:10 PM

Asian Open: Economic Data is About to Get ‘Flash’

Flash PMI data for Asia, Europe and US kicks the week off. And that could lead to welcomed volatility on a Monday, should data miss expectations widely enough.

Asian Open: Strong ISM Services, Although ADP Raises a Red Flag

ADP employment data completely missed expectations ahead of Friday’s NFP report, although the blow was softened by a robust services PMI.

Asian Open: ISM Eases, Fed Hints at Early Taper, RBA Up Next

ISM manufacturing data tracked China’s PMI lower in July, although it remains at a relatively higher level both historically and compared to China’s manufacturing PMI.

PMIs spark Crude selloff; hypes USD/CAD

As a result of the slowdown in manufacturing in the worlds 2 largest economies, crude oil took at hit

August 2, 2021 05:29 PM

European Open: China’s Manufacturing PMI Falls to 17-Month Low

Manufacturing PMI data for China fell below expectations in July according to the Caixin report, and now sits at just 50.4 compared with 51.1 forecast.

August 2, 2021 01:41 AM

European Open: GBP/CHF Rises to 9-week High Ahead of UK Flash PMI

With PMI data released for France, Germany, eurozone, UK and US, this places GBP, EUR and USD pairs into focus for news traders.

June 23, 2021 02:21 AM

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What do current PMIs say about the global economy?

With strong PMI data, the recovery process seems to be well underway

May 5, 2021 02:42 PM

European Open: Mixed lead from Asia, Soft Open for Europe, PMI’s Next

Whilst Asian equities mostly shrugged off Wall Street’s tax-driven turmoil, it seems more of a ‘holding session’ as tight ranges suggest traders are waiting to see if there is any follow-through.

April 23, 2021 01:31 AM

China: So many problems but PMIs ain’t one

Despite all the geopolitical problems, the economy is still humming along.

March 31, 2021 10:47 AM

European Open: USD/JPY hits fresh highs, China PMI’s rise

Now on its sixth consecutive bullish session, USD/JPY rallied to a fresh high overnight and stopped just shy of 111.00.

March 31, 2021 02:44 AM

Asian Open: PMI supportive of sentiment overnight (bar China)

PMI data was mostly supportive of sentiment overnight, with data from parts of Asia, Europe and North America beating expectations.

March 1, 2021 05:10 PM