Intraday Market Thoughts

China's PMI at 9-mth lows & Latest Premium Insights

by Ashraf Laidi
Aug 23, 2012 3:54

Chinas HSBC manufacturing PMI hit a 9-month low of 47.8 in August, leading to a brief pullback in AUDUSD to 1.0500. Wednesdays burst in risk appetite was widely attributed to the mostly dovish FOMC minutes and the positive remarks from Greek & EU members, dampening the prospects for any Greek exit. This means that a blow-out number in the September release of the US jobs report would serve in delaying QE3 but not necessarily eliminate it. Here are the latest Premium Intermarket Insights on EURUSD, USDJPY, GBPUSD, AUDUSD, silver and oil

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