Markets Push Higher Despite China Slowdown

Morning Report: 08:30 London

• This morning, financial markets are making early gains despite signs of a slowdown in China. HSBC Chinese Manufacturing PMI came in well below estimates, but stocks and commodity related currencies have shrugged this off to show some fight.

• The big movers are the yen pairs. with the USD/JPY up 0.28% and the AUD/JPY up 0.44%.               

• The euro is enjoying a lot of early interest after French manufacturing data came in above estimates.

                             
                             
• Gold and silver are having  a slow morning, with both metals slipping lower so far.

                             

                                                      
                                                      
Coming up today:
• Coming up today we have German manufacturing PMI at 08.30, followed by European wide manufacturing data at 09.00.
• US flash manufacturing follows at 13.45.

Trade Idea:
• For the Aussie to rise so strongly on a day of weak Chinese data could be a sign of underlying strength.

                                 

As such, a HIGHER trade could be of interest here. A HIGHER trade predicting that the AUD/JPY will close above 93.50 1 days time could return 106% if successful. 

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: