Monthly Archives: July 2011
European Open: Risk Resilient As China Stutters
Risk sentiment remained upbeat in Asia, largely shrugging off weak manufacturing reports from China and Japan. The EUR and other risk currencies consolidated gains, but also showed signs of upside fatigue ahead of the weekend.
Technical Analysis – FX Daily Majors
Today’s highlights: · EUR/USD: Market probing tentative trendline resistance placed at 1.4537. While above immediate support at 1.4447, the risk remains through here to 1.4572 and then 1.4698.
China: Jun Manufacturing. PMI (Final) slows
Hongbin on the HSBC PMI reading this mng, and Ive also attached further below our rundown of the Taiwan PMI as well ..
US Debt Limit – No agreement in sight – yet
This to obviously become a bigger topic of conversation now that the Greek can’s been kicked…