Forex Flash: Awaiting the HSBC China PMI - NAB

FXstreet.com (Barcelona) -The HSBC flash manufacturing PMI in China will be the event to keep an eye on in Asia. The release is at 1.45GMT, with the medium forecast at 51.5 in April vs 51.6 for March. According to NAB strategists, "a downside surprise would have an impact on the AUD." NAB lowered its 2013 Chinese growth forecast from 8.2% to 7.9% after the Q1 GDP disappointment.

Apr 23, 2013

Forex: AUD/JPY capped again below 103.10, China data on tap later in session

The AUD/JPY closed the US session 50 pips lower at 101.95. The pair had at one point traded as high as 103.00 but was unable to maintain a firm bid at higher levels and eventually leaked lower much of the afternoon. All eyes will be on data out of China during the upcoming Asia session, as HSBC Manufacturing PMI (51.4 forecast) will be released at 1:45 GMT. Also note that Australia CPI will be released later in the week on April 24th at 1:30GMT.

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Apr 23, 2013

Forex: GBP/JPY support holds at 151.00 as dip buyers remain active

The GBP/JPY finished the day 16 pips lower at 151.79. The pair traded as low as 150.89 before finding firm support at the 9 dma, and is still up an impressive 6.08% MTD in April.

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