Upcoming Chinese PMIs (NBS & Caixin) | Crypto Craft

  • Upcoming Chinese PMIs (NBS & Caixin)

    From orbex.com

    Contrary to other countries, this week is relatively quiet on the Chinese economic calendar. The most important event coming up is the release of the official PMI and the private Caixin PMI survey. Both of these releases could likely move the markets. This is also the first PMI since trade negotiations with the US were restarted … again. We’re also at the one year anniversary of the trade war, so year-on-year comparables will reference the shock in the market at the start of tariffs. Even though negotiations have restarted between the world’s two largest economies, there hasn’t been much progress lately to ... (full story)

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EventsTrader
Jul 30, 2019 7:41pm
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Chinese Manufacturing PMI - July Preview - Tonight it seems like traders are looking towards the AU CPI data, then the FOMC meeting tomorrow. Most are expecting this number to come in around expectations, and well below 50.0. We may see a rather muted reaction, but I'd keep an eye on copper and the aussie. As presented in the preview, there's definitely the potential for this data to trigger a move in both. Good luck out there!
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