PMI Day: Is Optimism Running Out?

From orbex.com

As the first day of the month, tomorrow sees the release of PMI data from across the world. Heading into the weekend with China closed for a holiday, we could have some extra volatility in pretty much every currency pair. After the beat in PMI data from China yesterday, there has been some renewed optimism. In fact, the global business outlook might come in better than the initial predictions. The general theme among the forecasts for October PMIs is a slight decline in optimism. Nonetheless, this is the norm for businesses as they calibrate their outlook throughout the winter. This is indicative of how countries ... (full story)