One thing to mention first up is the HSBC China Flash Manufacturing due at 0145GMT (prior was 51.6, expected is 51.5). This will be a key focus for the AUD market today. Last week we had the lower than expected GDP figure out of China, any shortfall in the HSBC flash indicator today will reignite concerns of a China slowdown and will weigh on AUD.
To the topside:
- Sellers 1.0350/60
- initial selling today 1.0300/10
Downside:
- 1.0235/45 (overnight lows) hold some buying
- Better buying 1.0200/10
