Simon Murray, Research Analyst at Westpac, notes that Asian PMIs have begun the second half of 2018 on a soft note as the slowdown through the first half of the year continued into July with most economies recording softer momentum in manufacturing. Key Quotes “South Korea’s PMI is back to the moderate levels seen prior to the start of the 2017 uplift, and Japan is trending towards that point as well. Taiwan is also well off its peak, with concerns around trade policy clearly weighing on sentiment.” “Emerging Asia also saw declines in July, with activity in India and Indonesia easing as their central banks raised interest rates to mitigate global pressures on price (India) and exchange rate (Indonesia) stability.” “Given the recent BOJ announcement, this Asia PMI update will focus on Japan. The softer PMI read further backs the BOJ’s guidance that policy will need to remain accomodative for some time. However, a period of sustained extremely easy policy can have unintended consequences. The BOJ are aware of this and their recent policy adjustments are an attempt to address potential side effects.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Technical Analysis: Bullish RSI divergence seen in the hourly chart FX Street 5 years Simon Murray, Research Analyst at Westpac, notes that Asian PMIs have begun the second half of 2018 on a soft note as the slowdown through the first half of the year continued into July with most economies recording softer momentum in manufacturing. Key Quotes "South Korea's PMI is back to the moderate levels seen prior to the start of the 2017 uplift, and Japan is trending towards that point as well. Taiwan is also well off its peak, with concerns around trade policy clearly weighing on sentiment." "Emerging Asia also saw declines in July, with activity in India and Indonesia… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
