Another opportunity to trade the GBP
Great Britain will release the level of retail sales at 11:30 MT time on November 15.
China Caixin PMI tips suddenly back into expansion
In June, Caixin's China manufacturing PMI surpassed expectations, giving hope that the world's number two economy continues defying fears of a slowdown.
The private survey offered 50.4, thus marking a three-month peak. Well, it leapt from May's result of 49.6 that appeared to be an 11-month minimum and outclassed a Reuters survey forecast for 49.5.
Levels above 50 point to expansion, while levels below 50 traditionally stand for contraction.
The Caixin PMI usually focuses on smaller companies, while the official data deals with larger ones, in particular state-owned companies.
The soar was bolstered by stronger leaps in production as well as new orders. As for the June Caixin PMI, it didn’t happen to be all positive, especially considering that the publication telling the optimism toward the business outlook hit its lowest value this year.
However, the improved data provided confirmation of the official PMI figures, issued on Friday that showed that in June manufacturing activity stepped up more than expected.
Similar
News to trade on November 14
Read and get the ideas for today's trading!
Japan’s economy tumbles in the third quarter
In the third quarter, the Japanese economy went down more than anticipated, affected by natural disasters, to say nothing of a tumble in exports…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
