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Chart Forum: Today's China PMI release and the Aussie Dollar

CMC Markets

China could be a focus for markets again today with the Flash PMI figure due for release at 12.45pm AEDT. Expectations are for a read of 50.4 compared to last month's final print of 50.2. With exports down -0.3% last month and yesterday's concerns about rising interest rates this could be a pivotal figure for risk sentiment today. A print below expectations (especially below 50) could add to recent concerns while a better than expected number could reinforce the overall view that the economic growth continues broadly on track. This comes at an interesting time for the Aussie Dollar which yesterday hit and backed off its 200 day moving average. See the chart forum for details.

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