{"id":78648,"date":"2015-09-23T02:06:59","date_gmt":"2015-09-23T06:06:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=78648"},"modified":"2015-09-23T06:57:22","modified_gmt":"2015-09-23T10:57:22","slug":"weak-china-pmi-data-hurt-copper-prices-and-aussie","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/weak-china-pmi-data-hurt-copper-prices-and-aussie\/","title":{"rendered":"Weak China PMI data hurt copper prices and aussie"},"content":{"rendered":"<div id=\"inves-2379457988\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 23, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Risk sentiment was hurt in Asia after disappointing PMI data out of China. The weak factory survey from the world\u2019s second largest economy heightened fears of an entrenched global economic slowdown.<\/p>\n<p>According to a private survey, activity in China\u2019s factory sector shrank at a faster pace than expected in September, falling to its weakest level in 6-1\/2 years as domestic and export demand continued to slump.<\/p>\n<p>The preliminary Caixin\/Markit China Manufacturing Purchasing Managers\u2019 Index (PMI) fell to 47.0 in September, the worst since March 2009 and well below market expectations of 47.5 and August\u2019s final 47.3. Levels below 50 signify a contraction in activity.<\/p>\n<p>The data affected commodity-linked currencies like the Australian dollar which wallowed at more than one-week lows at $0.7020.<\/p>\n<p>The U.S. dollar consolidated most of its overnight gains in early Asian trade. It held firm at 96.439 against a basket of six currencies. Meanwhile, the safe haven Japanese yen held firm against the dollar at 120.24.<\/p><div id=\"inves-706235130\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>In its biggest one-day drop in more than two months, copper slid to three-week lows as fund and speculative selling pushed prices through sell stops, accelerating the pace of declines.<\/p>\n<p>Broader risk aversion failed to lift demand for precious metals with both spot gold and silver nursing big overnight losses.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Risk sentiment was hurt in Asia after disappointing PMI data out of China. The weak factory survey from the world\u2019s second largest economy heightened fears of an entrenched global economic slowdown. According to a private survey, activity in China\u2019s factory sector shrank at a faster pace than expected in September, falling to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-78648","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=78648"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78648\/revisions"}],"predecessor-version":[{"id":78669,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78648\/revisions\/78669"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}