Quick overview of Asian trade

  • China official services PMI 55.6, up from 55.5 last month:
  • HSBC manufacturing PMI 50.5:
  • Australian retail sales flat; job ads -2.9%; company profits -2.9%:
  • Market pricing in 90% chance of rate cut by RBA tomorrow:
  • AUD fell across the board after poor domestic data:
  • EUR rallied on improved risk sentiment after Chinese PMI:
  • EUR/AUD obviously one of main movers on the day after stops triggered above 1.2500:
  • USD/JPY has traded in tight range around 82.40.

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