ADP Non-Farm Employment Change in the US and Ivey PMI in Canada are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly report that is important for monetary health, value new unemployment insurances over the last week, decrement is due from 381K down to 375K now.
More in the US, ADP Non-Farm Employment Change, monthly consumer spending leading indicator that values employed people, reduce is expected from 206K on December down to 177K this month.
Later in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to measure the business conditions such as new orders, supplier deliveries, inventories and more, rise of 1.1 points is predicted from December up to 53.1 points now.
Later on in the US, Crude Oil Inventories, weekly report to value the Inventories deference, due to remain 3.9M similar to the last report.
Also in the US, Challenger Job Cuts, monthly measurement that is due to remain -12.8% similar to December’s report.
Finally in the US, Natural Gas Storage, weekly indicator that is about to remain -81B, like on the last time.
In Canada, Ivey Purchasing Managers’ Index (PMI), Monthly Survey to value the business conditions such as new orders, supplier deliveries and so on, due to reduce by 3.2 points from December down to 56.7 points.
More in Canada, Raw Materials Price Index (RMPI); measures the manufacturers’ purchased price , about to rise up from -1.2% in December up to 0.1% now.
Finally in Canada, Industrial Product Price Index (IPPI); value the Change in the manufacturers’ sold goods prices, expects to rise up from -0.1% on the last month up to 0.3%
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Industrial New Orders, production key gauge to value of new manufacturer’s orders, is about to rise from -6.2% on December up to 2.4% now.
More in Europe, German Retail Sales, value the all retail sales (apart from cars and gas posts), due to rise from -0.2% on December to 0.2% this month.
Finally in Europe, Producer Price Index (PPI) no change is expected and 0.1% is due to remain.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Services Purchasing Managers’ Index (PMI), monthly survey to rate the business conditions on the last month, about to reduce from 52.1 points down to 51.6 points now.
More in Great Britain Bank of England (BOE) Credit Conditions Survey, to rate the credit conditions on the past and upcoming 3 months,
Read more about the Pound in the GBP/USD forecast.
In Australia, Trade Balance, value the difference between exported and imported goods and services, 1.60B is forecasted this time, similar to the last report on December.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today.
Happy forex trading!
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