China has released the NBS Manufacturing PMI (Jun) and Non-Manufacturing PMI (Jun) as follows: • CHINA JUNE OFFICIAL MANUFACTURING PMI AT 50.9 (REUTERS POLL 50.4) VS 50.6 IN MAY • CHINA JUNE OFFICIAL SERVICES PMI RISES TO 54.4 VS MAY 53.6 AUD/USD outlook AUD/USD failed to deliver to the bears at the start of the Asian session, having faked out on the downside to 0.6859 only to pick up liquidity for an additional impulse to the session high of 0.6877. The pair has found strong rejection here and was approaching the fake-out lows ahead of the data dump, taking them out by a handful of pips. On the data, the pair has ... (full story)