China Manufacturing Recovers

China’s manufacturing industry showed signs of improvement in July, contracting at a slower pace than the month before, according to a preliminary bank report issued Tuesday.
HSBC said its Chinese purchasing managers’ index, or PMI, rose to a 5-month high of 49.5 in July from 48.2 last month. The reading remained below the benchmark of 50, meaning that manufacturing is still in a state of contraction.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza