Lots of important indicators all over the globe – British Manufacturing PMI, German Retail Sales, American ADP Non-Farm Employment Change,ISM Manufacturing PMI and Pending Home Sales are only a small part of today’s figures. Take a deep breath…
The day starts in Australia, with two major releases: Building Approval are expected to rise by 1.5%, after falling last month by 3.7%. Australia’s housing market is expected to show resilience.
Retails Sales will also be published down under, and are expected to fall by 0.5% after slightly rising last month. Also Commodity Prices are published.
In Europe, German Retails Sales are expected to rise slightly – by 0.2% after falling last month. Final Manufacturing PMI is expected to stay stable, at 34.
European Unemployment Rate, despite being a late figure, impacts the ECB. It’s expected to rise to 8.3%.
Also in Britain, Manufacturing PMI is released – expectations are for a very small rise, to 34.9. This might give a direction to the cable.
The Swissy also gets its share today: SVME PMI is expected go rise slightly – to 32.6.
In America, there’s lots of data: ADP Non-Farm Employment Change is expected go fall by 660K, slowing last month’s 697K. This is a warm up figure for the Non-Farm Payrolls on Friday, but it doesn’t prove to be accurate.
ISM Manufacturing PMI is another heavy weight figure: No change is expected here – the figure is predicted to stand still at 35.8.
At the same time, Pending Home Sales will be published. Positive housing data in the past weeks influenced predictions: a rise of 0.3% is expected, after a plunge of 7.7% last month.
Also in the US: Construction Spending is expected to fall by 2.9%, ISM Manufacturing Prices is predicated to stand at 32.4 and Total Vehicle Sales to rise to 9.3M.
Mark Carney, Governor of the BOC, is expected to speak in the evening. After the Canadian GDP was published yesterday, it’ll be interesting to hear what he says.
Happy forex trading, and I’ll be glad if you could participate in my survey.