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Japan: Tankan not as bad as expected - TDS

FXStreet (Delhi) - Prashant Newnaha, Rates Strategist at TD Securities, suggests that Japanese Q3 Tankan was not as bad as some feared with the headline index at 12 was a touch below consensus of 13, but the Non-Manufacturing index easily beat consensus (+20) and prior (+23) , ticking in at 25, the highest since the early 1990s.

Key Quotes

“Profitability rose to all-time highs in both manufacturing and non-manufacturing sectors, and projected capital spending rose picked up but output prices of large manufacturers reveals the Bank’s effort to lift inflation will fall short of the mark.”

WTI extends towards $ 46, China PMI, Syria underpins

WTI oil on NYMEX extends the upward trajectory for the third straight session on Thursday, as oil traders moved past rising crude reserves news and now cheer the above estimates China PMI reports. While ongoing geopolitical tensions surrounding Syria also support the black gold.
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EUR/USD forecast: focus on PMIs – OCBC and Commerzbank

EUR/USD continues to grind lower from recent weekly tops ahead of the European open and in light of the upcoming final manufacturing PMIs during September...
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