China’s August PMIs delivered a clear split between recovering factories and still-soft domestic activity. PMI Manufacturing rose from 49.2 to 49.8, beating 49.6 expected and moving close to stabilization. More encouragingly, production climbed from 49.9 to 50.4, new orders surged from 48.5 to 50.6, and new export orders rose from 49.6 to 50.1. That suggests […]
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Key Highlights EUR/USD struggled near 1.1710 and started a downside correction. It traded below a bullish trend line with support at 1.1655 on the 4-hour chart. Gold prices dipped from $4,700 and tested the $4,420 Read more…
New Zealand business confidence eased in August but stayed at elevated levels, while measures of realized activity strengthened. ANZ Business Confidence slipped from 56.1 to 53.7, and Own Activity Outlook edged down from 49.3 to Read more…
Japan’s industrial sector held up better than expected in July, reinforcing case that economy is absorbing external shocks without a sharp loss of momentum. Industrial Production rose 0.1% m/m, slowing from 1.9% in June but Read more…