Chinese PMI data overnight sent conflicting signals

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Market Movers Main event today is US ISM manufacturing. We look for a stabilisation of the index after several months of decline. If it stabilizes or rises slightly it should support risk assets as it would dampen the fear of recession. Regional surveys and PMI have been a bit mixed with some showing sharp improvement (like Chicago PMI on Friday), while others have been very weak (such as Empire and Dallas index). US core PCE deflator is the Fed’s favourite measure of inflation. We look for it

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