I know past results don't guarantee future performance, but there is a lesson to be learned in looking at last month’s numbers.
Chinese Flash Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector.
Respondents are surveyed for their view of the economy and business conditions in China. A reading which is higher than the market forecast is bullish for the Australian dollar.
Indicator Background. Traders should pay close attention …
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