SMM11, January 1: today's focus on China's October Caixin manufacturing PMI, changes in non-farm payrolls after the October season in the United States and speech by Kaplan (Robert Steven Kaplan), chairman of the Federal Reserve in Dallas.
China's Caixin manufacturing PMI, in October was a leading indicator of economic health, with a reading above 50 indicating manufacturing expansion in favour of the Australian dollar. Conversely, below 50 indicates a contraction in China's manufacturing sector, which is bad for the Australian dollar.
The change in the number of non-farm payrolls in the United States after the October quarterly adjustment (10,000) reflects the development and growth of the manufacturing and service industries, and the reduction in figures means that enterprises have reduced production and the economy has entered a depression; in the absence of hyperinflation, such as a substantial increase in figures, indicating that a healthy economic situation should be beneficial to the US dollar, and may indicate that it will raise interest rates and may also be beneficial to the US dollar. If the non-farm employment index increases, it reflects the rise in economic development, and vice versa.
The final value of Markit manufacturing PMI in the US in October is a leading indicator of the state of the economy as companies respond quickly to market conditions. By observing the changes in such data, foreign exchange investors judge the outlook for the US economy, which in turn affects the trend of the foreign exchange market.
The US ISM manufacturing PMI, in October is a leading indicator of economic health. Businesses can respond quickly to market conditions, and purchasing managers' views on their companies' economic conditions may be the most timely and relevant.
Important financial data for today:
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