Month: August 2019

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Purchasing Managers’ Index data from China’s National Bureau of Statistics published on Saturday. Manufacturing 49.5 expected 49.6, prior 49.7 in contraction for the fourth consecutive month trade wars and slower domestic demand persistent negatives Xinhua (state media in China) report the NBS saying “demand moderated amid a complex economic environment” Services 53.8 expected 53.7, prior
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Assessing the latest economic growth data from India, “India’s Q1 FY20 (April-June 2019) GDP growth has slipped to the lowest in 25 quarters,” noted ANZ analysts. ”This is the first time since March 2013 that growth has been sub-6% for two consecutive quarters.” Key quotes “Compared to the previous quarter, domestic demand slowed sharply, led by
Bulls remain in charge. The USDCHF bottomed near the opening of the week on Monday.     The price moved above its 100 and 200 hour moving averages on Tuesday.  On Wednesday and again on Thursday, those moving averages helped stall falls.   Yesterday, the price trended higher and today, we are saying an extension above last week’s high at 0.98767.  In
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