China NBS Manufacturing PMI came in at 50.4 disappointing expectations (50.5) in April

FXStreet.com (Barcelona)

May 1, 2014

EUR/USD pilling up bids but needs confirmation

EUR/USD has been building on the rally seen in Europe and these bids still coming in keep the sideways channel formed between 1.3860/75 on a bullish tone.

China's Manufacturing PMI comes at 50.4

China's Manufacturing PMI for the month of April came at 50.4 vs 50.5 exp and 50.3 last. Despite the slight miss, the AUD is holding firm around pre-release levels at 0.9285.