After the markets get shaken around by major economic events such as the four largest central banks holding meetings, there is one final major risk event before the weekend. The flash PMIs generally don’t affect one currency in particular as much as shift global sentiment. If they are broadly seen outperforming, then the market could take on a more positive view of risk. But a disappointment could push markets back down in line with the theme that September is a risk-off month. The main theme is that so far economic data has been largely ambivalent. There has been both good and bad news, often mixed together, from ... (full story)