ThinkForex - Analytics

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NYLON HANDOVER: 6th August 2015

A snapshot of data and money flow from yesterday's London - New York (Nylon) session 






- US Non-Manufacturing sector reaches a 10-year high to see Greenback rally further
- However ADP employment missed the mark at 185k vs expected 215k expected
- US Indices regain losses, helped by a bounce with Apple's first gain post-breaking the 200 MA
- IMF raise fresh concerns over the Renminbi's likelihood of becoming a reserve currency
- Euro crosses supported by better than expected Services PMI, with markets shrugging off soft retail sales
- Eyes now firmly on Australian employment data where any decent print should help AUD rally further, which is currently supported by the removal of currency exchange guidance by RBA




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