By Christopher Romano — Jul 01 - 07:25 AM
China June Caixin PMI 51.7 nZUN0054F6, fastest mfg activity in 13-months
Despite the data investors remain worried about slower global growth
Yields AU3YT=RRUS10YT=RR, equities ESv1, commodities HGv1 drop
Safe-havens US$, yen bought; AUD/JPY near 91.75, USD/CNH near 6.7100
AUD/USD falls away from the 10-DMA, hits a 2-year low of 0.67905
Techs are bearish; daily, monthly RSIs falling, 10-DMA weighs
AUD/USD shorts now target the 50% Fib of the 0.5510-0.8007 rally
US June ISM manufacturing PMI USPMI=ECI is a data risk in NY
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary