ISM Manufacturing PMI in the UK and Nationwide HPI in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly report for the number of unemployment that filed for insurance on the past week, reduce from 417K on July to 409K this week is expected.
Later in the US, The Institute for Supply Management (ISM Manufacturing) Purchasing Managers’ Index (PMI), Survey (400 managers) to value the business conditions, about to drop to 48.7 points from 50.9 points on July.
Finally in the US, Revised Nonfarm Productivity, quarterly measurement for the Productivity and labor-related inflation, further reduce from -0.3% on July to -0.4% is forecasted this time.
In Europe, Unemployment Rate, value by Percentage the all seeking employment work force, rise from 9.9% on July to 10% is now predicted.
More in Europe, German Unemployment Change, measures the number of unemployed people, further reduce of 0.2% from July to -10% is likely this month.
Also in Europe, German Retail Sales, is about to rise by 1.5% this month.
Finally in Europe, Consumer Price Index (CPI), Flash Estimate value of the consumers price, 2.5% is expected similar to the previous month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Nationwide House Price Index (HPI), selling price of households & mortgages; is due to reduce to 0.1%. Meanwhile the Halifax Bank of Scotland (HBOS) HPI is due to rise from 0.3% on July to 0.5% this month.
More in Great Britain, Manufacturing Purchasing Managers’ Index (PMI), monthly Survey (600 managers) to value the business conditions, 48.9% is expected now.
Finally in Britain, Paul Fisher, Bank of England (BOE) Executive Director is due to speech in Cambridge.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Gross Domestic Product (GDP), primary and broadest valuation of all the goods and services that were produced by the economy, drop of 0.2% form the last quarterly and 0.4% is now estimated.
More in Switzerland, Retail Sales, a drop from 7.4% on July to 4.6% this time is expected.
Finally in Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions on the passing month, 51.1% is similar to the passing week.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Private Sector Credit is about to remain 0.2% like on the last month.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Average Cash Earnings is about to reduce to -0.1%.
Read more about the yen in the USD/JPY forecast.
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