Data out overnight. Median forecast calling for 51.6.
5 Responses to “Rumour Chinese May manufacturing PMI to be 52.0”
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AUTOREFRESH 
Gerry,
Even if itis so, what does it mean for EURUSD? Move up?
I’m always confused with Chinease.
Cheers
If it’s infact correct it probably doesn’t mean too much for eur/usd, as the difference between that number and median forecast is only slight. if we got a much better than expected number, say 53+, then id expect EUR/USD to get a decent boost. putting it in simple terms, obviously a good number is a sign of chinese economic health and would underpin the risk trade ie eur/usd.
Thx Gerry!
So , Better then expected number is risk on?
Seb
Mornin Gerry trust u had a nice weekend..
Morning Bear. yes thank you. always nice to get an extra day off….