Market Sentiment 23rd of September

There is no opening trade call for today and in general we expect a quiet session. Looking ahead we have Manufactruring PMIs from Europe. If you wish to learn more about today’s risk events watch my video here. Otherwise read my short analysis of current market sentiment bellow.

Current Market Sentiment:

The Asian session saw Caixin Manufacturing PMI from China for the month of September come in below estimates at 47. This is the lowest reading for 6.5 years. The reading increases already present concerns over a slowdown in China. The AUD was hit by the miss with Aussie dropping 60 pips, meanwhile the yen saw safe-haven demand with USDJPY also dropping 60 pips. AUDJPY fell over 100 pips after release. Whether the safe-haven bid remains is uncertain, but European equities and bonds may provide a leading indicator.

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Source:: Market Sentiment 23rd of September

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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