In the view of the analysts at Citigroup, the Chinese manufacturing PMI reading is expected to remain in contraction territory in February. Note that China’s official PMIs by the National Bureau of Statistics (NBS) are due tomorrow at 0100GMT. Key Quotes: “Feb’s Mfg PMI could be noisy because of the CNY effect, but we expect it to remain below 50. Power plants’ coal consumption recovered steadily after the CNY, while steel mills’ blast furnace operating rate inched up 1ppt from Jan. Besides the seasonality, industrial production should be largely stable. New orders, especially new export orders, should still see a weakening bias.” 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 Bitcoin reclaims $3,800 support: How far will this bullish wave go? FX Street 4 years In the view of the analysts at Citigroup, the Chinese manufacturing PMI reading is expected to remain in contraction territory in February. Note that China's official PMIs by the National Bureau of Statistics (NBS) are due tomorrow at 0100GMT. Key Quotes: "Feb's Mfg PMI could be noisy because of the CNY effect, but we expect it to remain below 50. Power plants' coal consumption recovered steadily after the CNY, while steel mills' blast furnace operating rate inched up 1ppt from Jan. Besides the seasonality, industrial production should be largely stable. New orders, especially new export orders, should still see a… 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.
