China official Manufacturing and Non-manufacturing PMIs(August) coming up today — preview

Chinese PMI reports are closely watched by traders of China-prozxies, such as the Australian dollarFor the August data: Manufacturing, expected 51.3, prior 51.4 Non-manufacturing prior 54.5 Earlier this week I posted on very early 4 indicators for China’s economy this month: Early indicators for China’s economy this month show steady but mixed results What to expect today? This […]

Economic data due from Asia today, plus some BOJ and RBA

A busy calendar coming up for the day, lets hope it translates into some forex movement2200GMT — Australian Treasurer Morrison will be speaking2301GMT — UK data — GfK Consumer Confidence for August and there will also be the Lloyds business barometer, August2350GMT — Japan — International Securities Flows for the week (ended August 25)2350GMT — […]

Nasdaq leads the way today with a gain over 1%

S&P up a solid 0.46%The US major indices are closing higher with the tech heavy Nasdaq leading the way higher.Looking at the major indices: The Nasdaq closed up 66 points or 1.05% to 6368 The S&P is closing up 11.26 points or 0.46% The Dow is closing up 26.71 points or +0.12%.  The bullish news […]