The Markit/Caixin manufacturing PMI has been released as follows: June Caixin/Markit manufacturing PMI rises to 51.2, highest since Dec 2019 (vs 50.7 in May, Reuters poll 50.5). China’s June Caixin/Markit PMI shows export orders shrink at slower pace, employment contraction worsens. The headline index was expected to be little changed at 50.5, so this is a pleasant surprise. However, a given that Hong Kong markets are closed for a holiday, there was less liquidity over the data. The Aussie has shown little reaction to the result, so far, edging higher by a few pips to 0.6911 from 0.6908 as the data was released. The data comes on the heels of a series of promising economic data from both the US and China of late, and given that there are the two largest economies of the world, investors have been encouraged by the outlook. Consequently, the Aussie has been a shining star over the past number of weeks, rallying some 28% since mid-March. AUD/USD outlook AUD/USD Forecast: Holding in range, bulls still surging on dips The description the Caixin China Manufacturing PMI The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies. 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 AUD/JPY eases from two-week top below 75.00 after Aussie, China data FX Street 2 years The Markit/Caixin manufacturing PMI has been released as follows: June Caixin/Markit manufacturing PMI rises to 51.2, highest since Dec 2019 (vs 50.7 in May, Reuters poll 50.5). China's June Caixin/Markit PMI shows export orders shrink at slower pace, employment contraction worsens. The headline index was expected to be little changed at 50.5, so this is a pleasant surprise. However, a given that Hong Kong markets are closed for a holiday, there was less liquidity over the data. The Aussie has shown little reaction to the result, so far, edging higher by a few pips to 0.6911 from 0.6908 as the data was released. The… 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.
