Japan Vehicle Sales (YoY) dipped from previous 5.4% to -1.3% in July

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Aug 3, 2015

A big China PMI miss drags Antipodeans lower, final EZ PMIs eyed

A quieter start to a busy week ahead with a worse than expected China manufacturing PMI report sent Asian stocks as well as Antipodean currencies lower. While USD/JPY is seen holding onto 124 handle, attempting a tepid recovery from Friday’s US data-led drop.

Gold in flat-lining near $ 1094

Gold prices on Comex stalled recovery towards 1100 levels and treads water heading into a busy week ahead with key US releases to set further direction for the yellow metal.