12-1 Economic Calendar
China HSBC manufacturing PMI 47.7 for November.
usd/cnh slowly building an uptrend
usd/cnh slowly building an uptrend after breaking through that downward trend-line.
Chinese manufacturing PMI 49.0 vs 49.8 forecast and 50.4 prior reading.
Risk a little firmer after Nikkei opens up 2.35%
The USD gave up a lot of ground today against all of the majors as the Dow Jones Industrial Average and S&P 500 both closed the day up over 4%. After the departure of North America from the market, trading has been mild until recently when we’ve started to see modest retracements of the moves made earlier today. With the Nikkei 225 opening more then 2% higher, some of the risk currencies (EUR, GPD, AUD) are receiving a boost.
Looking at the AUD/USD, the pair tested resistance at the 100 day moving average after the USD got crushed, but moved lower; finding resistance around 1.0206.
From the hourly perspective we are seeing support around 1.0206; looing towards 1.0298 as the next hourly target.
usd/sgd gaps lower but finds suppor at the 200 MV
usd/sgd gaps lower but finds suppor at the 200 moving average.
Aussie dollar weaker following worse than expected releases.
- Building approvals – Survey: 3.6% Actual: -10.7% Prior: 2.4%
- Retail sales (m/m) – Survey: 0.4% Actual: 0.2% Prior: 0.4%
usd/hkd gaps lower to near recent lows
usd/hkd gaps lower to near recent lows




