China HSBC China Services PMI dipped from previous 53.1 to 50 in July

FXStreet.com (Barcelona)

Aug 5, 2014

AUD/USD subdued post trade data ahead of RBA

AUD/USD is trading at 0.9331, down -0.04% on the day, having posted a daily high at 0.9340 and low at 0.9324.

Japan: Feeling QE-asy - but no-one else is - Rabobank

Analysts at Rabobank explained that with it’s late July decision to taper by a further UDS10bn, the US Federal Reserve is now just two further meetings (September 17 and October 29) away from removing QE3, a bond-buying scheme that has been a key feature of global markets since November 2008.