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UK Services PMI | Risk-Off Sentiment

Posted On 06 Jan 2016
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There is no trade call for the session open. We will be looking for a negative deviation on UK Services PMI to short Cable. Check out this weeks risk event video here to learn more about this release.

Current Sentiment:

During the Asian session, antipodean currencies came under pressure as the PBOC devalued the offshore yuan to the weakest reference rate since April 2011. Kiwi fell 75 pips from session highs, also in the wake of negative GDT during yesterday’s NY session. Aussie was down 65 pips.

Chinese Caixin Services PMI exacerbated risk off moves coming in at 50.2, which marks the lowest reading since August 2014 and only marginally still in expansionary territory.

Also during the Asian session North Korea tested a hydrogen nuclear bomb which has concerned South Korea and added to some risk-off sentiment.

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The post UK Services PMI | Risk-Off Sentiment appeared first on Jarratt Davis.

Source:: UK Services PMI | Risk-Off Sentiment

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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"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]

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