1 Aug 2013
Session Recap: China PMI beats estimates; USD back to pre-US GDP levels
FXstreet.com (Barcelona) - The USD has realigned in recent hours during Asian trading to last 2 days opening price last at 81.82 of DXY spot index, after all the noise up and down following both US GDP and FOMC during past NY session, taking USD/JPY and EUR/USD to weekly starting prices, last at 1.3278 and 98.23 respectively.
China PMI data posted mixed results with the official data much higher than expected at 50.3 when 49.8 was the consensus, while the final HSBC one came out in line with expectations at 47.7. Import prices in Australia came in lower than expected helping the dovish bias for next week's RBA meeting, despite better than expected HIA New home sales.
Local share markets are overall in the positive, with Nikkei index up +1.16% and Shanghai Composite +0.90%, while Gold and Silver are near session lows, last at $1323 and $19.63 of the spot market respectively. Oil has eased a bit from fresh weekly highs, last at $105.21.
Main headlines in the Asian Session:
Australia July AiG Performance of Mfg Index decreases to 42 vs 49.6
Japan July 26 Foreign bond investment decreases to ¥233.2B vs ¥601.4B
China manufacturing unexpectedly expands
Australia HIA New Home Sales (MoM) rises to 3.4% in June from 1.6%
Australia 2Q Import Price Index (QoQ) decreases to -0.3% vs 0%
China HSBC Manufacturing PMI flat
China PMI data posted mixed results with the official data much higher than expected at 50.3 when 49.8 was the consensus, while the final HSBC one came out in line with expectations at 47.7. Import prices in Australia came in lower than expected helping the dovish bias for next week's RBA meeting, despite better than expected HIA New home sales.
Local share markets are overall in the positive, with Nikkei index up +1.16% and Shanghai Composite +0.90%, while Gold and Silver are near session lows, last at $1323 and $19.63 of the spot market respectively. Oil has eased a bit from fresh weekly highs, last at $105.21.
Main headlines in the Asian Session:
Australia July AiG Performance of Mfg Index decreases to 42 vs 49.6
Japan July 26 Foreign bond investment decreases to ¥233.2B vs ¥601.4B
China manufacturing unexpectedly expands
Australia HIA New Home Sales (MoM) rises to 3.4% in June from 1.6%
Australia 2Q Import Price Index (QoQ) decreases to -0.3% vs 0%
China HSBC Manufacturing PMI flat