Analysts at TD Securities point out that China’s November Caixin manufacturing PMI rose to 50.2, against the market consensus figure of 50.1 and from its previous reading of 50.1 in October. Key Quotes “The surprise increase, albeit a marginal one, follows a bigger than expected drop in official manufacturing PMI, which fell to 50, its lowest since July 2016. The index has slid over recent months as the exports outlook has darkened.” “The Caixin PMI is more heavily skewed towards smaller and export orientated companies and its increase may reflect 1) its sharper fall over recent months and 2) some expectation of a trade deal at the G20 summit.” “The impact on CNY/CNH is likely to be positive, with both likely benefiting from the Trump/Xi truce and loss of USD momentum in the near term.” “But enjoy the rallies today – because they won’t last.” 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 BitTrade ceases to exist and becomes a part of Huobi group FX Street 4 years Analysts at TD Securities point out that China's November Caixin manufacturing PMI rose to 50.2, against the market consensus figure of 50.1 and from its previous reading of 50.1 in October. Key Quotes "The surprise increase, albeit a marginal one, follows a bigger than expected drop in official manufacturing PMI, which fell to 50, its lowest since July 2016. The index has slid over recent months as the exports outlook has darkened." "The Caixin PMI is more heavily skewed towards smaller and export orientated companies and its increase may reflect 1) its sharper fall over recent months and 2) some… 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.
