The market remains skeptical about Chinese growth so the HSBC survey of manufacturing will be a major data point. The release comes at 0230 GMT and the June reading was 48.1 and the May number was 48.4.
AUD/USD will be highly sensitive to this release. The pair is currently flirting with the 200-day moving average (at 1.0281). Offers are lurking at 1.0340 with more around 1.0377. Bids at today’s low and 1.0200 with stops below.
