Early Monday at 01:45 GMT will see China’s Caixin Manufacturing Purchasing Managers Index (PMI), which markets are forecasting to clock in at 50.00, a bit lower than the previous readout of 50.2. Given the side effects of the US-China trade affair and disappointments from China’s official NBS manufacturing PMI, Aussie traders will be extra-cautious of any dovetailing data coming out of China. The AUD/USD pair is recovering on the daily candles thanks to the overall weakness of the US Dollar (USD). However, Aussie gains are under pressure from the pessimism surrounding the trade environment between the US and China. It … (full story)

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