Search ForexCrunch

We start the week with Manufacturing PMI both in the US and the   UK as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, the Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), Survey (around 400 managers) to value the business conditions and inventories, drop of 0.1 point from September to 50.5 points this month. And the ISM Manufacturing Prices is about to drop to 54.3 points.

Later in the US, Construction Spending is about to reach -0.1%.

Finally in the US, Total Vehicle Sales, shows a sign of consumer assurance with a rise of 0.3M up to 12.3M

In Europe, Final Manufacturing Purchasing Managers’ Index (PMI), leading monthly survey (around 600 managers) to value the inventories and business conditions, 48.4 points are forecasted this month very similar to September.

For more on the Euro, read the  Euro to dollar forecast.

In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), index surveyed based to value the business conditions, about to slightly drop from 49 points in September to 48.9 this time.

Read more about the Pound in the  GBP/USD forecast.

In Switzerland, Retail Sales, main instrument of consumer spending and it is about to rise from 1.9% on September up to 4.5% this month.

More in Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI), important survey to determent the business conditions on the passing month, about to drop from 51.7 points in September to 50.3 points and still indicate expansion.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, Australian Industry Group (AIG) Manufacturing Index, 43.3 points are expected with no change from the previous month.

More in Australia, Melbourne Institute (MI) Inflation Gauge is due to remain -0.1%.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, New Zealand Institute of Economic Research (NZIER) Business Confidence, vast and important survey to rate the economic outlook on the past 6 months; shows optimism with 27 points.

More in New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices due to remain -1.2%, similar to September.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Tankan Manufacturing Index, large quarterly survey to value the general industry conditions, is about to rise from -9 points up to 2 points. And on the Tankan Non-Manufacturing Index rise is also expected from -5 points to 3 points.

More in Japan, Monetary Base, linked to interest rates and about to rise from 15.9% on September up to 16.3% this time.

Read more about the yen in the USD/JPY forecast.

Trade well