China’s PMI data is the same scoring system as the Chicago PMI that was released earlier today. A score above 50 represents expansion below 50, contraction.
Last release on July 31st we had a score of 51.2 which represented a slow down from the previous quarter. Expectations for this month is anything above 51.2. Consensus is around 51.8. That would be a Goldielocks number.
Anything too hot and worries about intervention for a slowdown might kick in. Anything below 51.2 would set a trend for a slowing China and indicate a worldwide slowdown is in effect.
If you want to trade around the numbers you are invited to come into our trading room around 8:30pm to get ready to trade futures.
In play tonight:
ES, NQ, TF, DX, CL
Live Trading Room Address.
