ISM Manufacturing PMI in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly indicator to value the individuals that filed for unemployment insurance for the first time, rise of 3K is due up to 346K now.
Later in the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), business conditions Monthly Survey to rate the level of employment, new orders, supplier deliveries, and inventories, rise up to 52.1 points s likely now from 50.9 points on the last time.
In Europe, European Central Bank (ECB ) Press Conference, the ECB primary method uses for communicating with investors on monetary policy and provides future monetary policy. And on the Minimum Bid Rate 0.50% is due with no change from the last time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Rate Statement, the MPC primary tool uses to communicate with investors regarding monetary policy and also discusses the economic outlook. While on the Official Bank Rate 0.50% is due similar to the previous time.
Later in Great Britain, Manufacturing Purchasing Managers’ Index (PMI), Monthly Business conditions survey to value the level of employment, new orders, supplier deliveries, and inventories, 52.8 points are calculated now from 52.5 points on July.
More in Great Britain, Asset Purchase Facility, value the Total money that the Bank of England (BOE) will create for assets in the open market purchasing, 375B is likely similar to the last time.
Also in Great Britain, Spanish Unemployment Change, Monthly unemployed index, -80.0K is calculated now from -127.2K on July.
Finally in Great Britain, Halifax House Price Index (HPI), measures the price change of homes financed by Halifax Bank of Scotland (HBOS); reduce down to 0.3% is predicted now from 0.6% on July. While on the Nationwide HPI rise up to 0.4% from 0.3% is due.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions such as production, prices, and inventories, 53.1 points are forecasted now from 51.9 points on the last time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Producer Price Index (PPI), Producers price change for finished goods and services, rise of 0.2% is expected now up to 0.5% from the last quarter.
For more on the Aussie, read the AUD/USD forecast.
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