The official Manufacturing Purchasing Managers Index (PMI) from the China Federation of Logistics and Purchasing (CFLP) has come, as has the official Non-manufacturing PMI from the China Federation of Logistics and Purchasing (CFLP):
50.9 % (Reuters poll 50.8, prev month 51.0).
In May, it was 55.2 and now it’s 53.5.
As previously said, AUD/USD Price Analysis: The price has been melting to the downside to test the monthly support, thus bears must show themselves at important resistance:
The data has had little impact on this scenario, with no market reaction so far.
The China Federation of Logistics and Purchasing (CFLP) released the official non-manufacturing PMI, which is based on a survey of roughly 1,200 enterprises across 27 industries, including construction, transportation, and telecommunications. It’s the level of a diffusion index based on polled purchasing managers in the services industry; if it’s greater than 50.0, the industry is expanding; if it’s less than 50.0, the industry is contracting.
The China Federation of Logistics and Purchasing (CFLP) publishes the Manufacturing Purchasing Managers Index (PMI), which examines business conditions in China’s manufacturing sector. A result of more than 50 indicates expansion, whereas a reading of less than 50 indicates contraction. This economic indicator would have an impact on the Forex market because the Chinese economy has an impact on the global economy.
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