ISM Manufacturing PMI in the US and Manufacturing PMI in the UK are 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 over the passing month, about to reduce by 0.3 points from last month to 55 points. And the ISM Manufacturing Prices is due to further reduce to 64.4 points.
Later in the US, Construction Spending, monthly report to measure what manufacturers spent on building projects, is about to reach -0.1%.
In Europe, Unemployment Rate, measure the unemployed that are looking for jobs on the passing month, 9.9% is expected with no change from the last month.
More in Europe, Final Manufacturing Purchasing Managers’ Index (PMI), 50.4 points is expected with no change from the last month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Manufacturing Purchasing Managers’ Index (PMI); monthly measurement to value business conditions on the last month based on Survey of around 600 managers, 51.1 points are expected with small change from last month 51.3 points.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Retail Sales, monthly measurement of consumer spending, a significant rise is expected from -4.1% on the last month to 1.6% this time.
More in Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI), monthly measurement to value the business conditions based of survey, is about to reach 52.5 points this time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Housing Industry Association (HIA) New Home Sales, leasing indicator of newly built households sold; -0.2% is expected with small change from the last time.
More in Australia, Melbourne Institute (MI) Inflation Gauge no change is expedited from the previous time.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Labor Cost Index, main indicator to value the change in the price businesses pay for labor (without overtime); rise to 0.5% from 0.4% is forecasted now.
More in New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices, is due to reach -1.2% similar to the previous month.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Monetary Base, is about to reach 18.1%
Read more about the yen in the USD/JPY forecast.
For more events later in the week, check out the Live Forex Calendar
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