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4 May 2023

Caixin China Manufacturing PMI: 49.5 (vs. expected 50.3), weighs on AUD/USD outlook

The Caixin China Manufacturing PMI™ has been released by Markit Economics as follows:

Caixin Manufacturing PMI (March) 49.5 (vs. expected 50.3).

AUD/USD update

The AUD/USD bulls are engaged but the data is not favorable and it's another poor number from China which is hardly bullish for AUD. The bias is tilted to the downside if the bulls don´t step in at key resistance.

About Caixin China Manufacturing PMI™

The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.

May 4, 2023

USD/CNH pauses Fed-induced losses near 6.9000 on softer China Caixin Manufacturing PMI

USD/CNH prods three-day downtrend as it seesaws around 6.9000, refreshing the weekly low near 6.8992 at the latest, after witnessing a negative surpri

AUD/USD soars above 0.6670 on upbeat Aussie Trade Balance data, Caixin Manufacturing PMI slips

The AUD/USD pair has climbed swiftly above 0.6670 on upbeat Australian Trade Balance data. The Australian Bureau of Statistics has reported upbeat Tra