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EUR/USD: China spurred risk aversion at the beginning of the day

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD China spurred risk aversion at the beginning of the day, as the official manufacturing PMI was down to 49.4 in January from 49.7 in December. The Caixin Manufacturing PMI, also signaled a modest deterioration in operating conditions at the beginning of 2016, with both output and employment declining at slightly faster rates than in December, and resulting at 48.4 in January. In fact, PMI figures disappointed worldwide, with the exception of the UK figures, which came at a fresh 3month

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