FXstreet.com (Barcelona) - The main focus in Asia today will be the China PMI print, which is out at 1GMT. This time, the market expects a figure above 50 vs 49.2 last month. According to Sean Callow, FX Strategist at Westpac, "another sub 50.0 reading will weigh on risk appetite, particularly given the reluctance of Chinese authorities to announce fresh stimulus measures."
EUR/USD May 20 at 22:51 GMT
1.2838/39 (-0.03%)
H1.2849 L 1.2828
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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.
