Investors were cautious ahead of this week's event risk, so month end flows dominated overnight, Eurofirst fell 0.9%, S&P off 0.43%, despite stronger than expected U.S. data, oil slipped 2.03%, while copper gained 0.25%. FX was dominated by a large CB month end demand for EUR/GBP, cross is up 0.5%, EUR/USD climbed 0.35% while GBP/USD slipped 0.15% and the other majors were little changed. China PMI @ 02:00 GMT kicks off this weeks major event risk, expect tight ranges into the release, market looks for a marginal improvement from 50.2 to 50.3.
BUZZ-Month end flows dominate offshore, all eyes on China PMI
Tue, Jul 31 2012, 22:13 GMT | FXstreet.com
EUR/USD Jun 20 at 10:44 GMT
1.3196/97 (-0.74%)
H1.3303 L 1.3181
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
