Kinas officiella ink\u00f6pschefsindex (PMI) f\u00f6r industrin sj\u00f6nk marginellt till 50,0 i maj fr\u00e5n 50,3 f\u00f6reg\u00e5ende m\u00e5nad, i linje med marknadens f\u00f6rv\u00e4ntningar p\u00e5 50,0. National Bureau of Statistics (NBS) ink\u00f6pschefsindex f\u00f6r tj\u00e4nste- och \u00f6vriga sektorer (Non-Manufacturing PMI) \u00e5terv\u00e4nde till expansionszon p\u00e5 50,1, upp fr\u00e5n 49,4 i april och \u00f6ver prognosen p\u00e5 49,5.<\/p>\n
P\u00e5 marknaden handlades AUD\/USD vid tiden f\u00f6r publicering n\u00e4ra 0,7180, ned 0,07 procent f\u00f6r dagen.<\/p>\n
Inbromsningen i Kinas industri, d\u00e4r indexet landar p\u00e5 den neutrala niv\u00e5n 50,0, signalerar att den industriella dynamiken har stannat av. Samtidigt ger f\u00f6rb\u00e4ttringen i tj\u00e4nstesektorn viss motvikt, men helhetsbilden pekar mot en oj\u00e4mn och sk\u00f6r \u00e5terh\u00e4mtning. Denna divergens skapar os\u00e4kerhet, vilket vi kan utnyttja till v\u00e5r f\u00f6rdel.<\/p>\n
Vi ser denna industrisvaghet som en direkt motvind f\u00f6r industrir\u00e5varor och den australiska dollarn. J\u00e4rnmalmspriserna har redan visat k\u00e4nslighet f\u00f6r den h\u00e4r typen av data och f\u00f6ll nyligen under 120 dollar per ton i liknande l\u00e4gen. Vi b\u00f6r \u00f6verv\u00e4ga att k\u00f6pa s\u00e4ljoptioner (puts) i AUD\/USD f\u00f6r att positionera oss f\u00f6r ytterligare nedsida i valutan, och d\u00e4rmed definiera risken i f\u00f6rv\u00e4g inf\u00f6r eventuella besked om statliga stimulans\u00e5tg\u00e4rder.<\/p>\n
De motstridiga datapunkterna l\u00e4r \u00f6ka den kortsiktiga volatiliteten i Kinaexponerade tillg\u00e5ngar. Det g\u00f6r strategier som \u00e4r l\u00e5nga volatilitet \u2013 exempelvis k\u00f6p av straddles p\u00e5 r\u00e5varu-ETF:er eller st\u00f6rre gruvaktier \u2013 till ett attraktivt s\u00e4tt att handla os\u00e4kerheten. S\u00e5dana positioner gynnas av en tydlig prisr\u00f6relse i endera riktningen, vilket \u00e4r sannolikt n\u00e4r marknaden s\u00f6ker en klarare trend.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kinas industripmi tappar till 50,0 och stannar upp \u2013 men tj\u00e4nstesektorn lyfter \u00f6ver 50 igen. Sk\u00f6r \u00e5terh\u00e4mtning \u00f6kar volatiliteten: press p\u00e5 r\u00e5varor och AUD, puts\/straddles f\u00f6r chans.<\/p>\n","protected":false},"author":87,"featured_media":50982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-50983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/50983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=50983"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/50983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/50982"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=50983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=50983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=50983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}