ADP Non-Farm Employment Change is the main event today. Here is an outlook on the market-movers awaiting us
In the US, The Institute for Supply Management (ISM),) Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, supplier deliveries and inventories, rise is likely from 49.7 points on the last month up to 50.3 points now. Similar prediction is forecasted in the ISM Manufacturing Prices up to 39.3 points from 37 on July. And Final Manufacturing PMI rise of 0.1 points up to 51.9 is expected.
Later in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change monthly estimation of employed on the last month (not including the farming industry and government), is due to reduce from 176K on July down o 121K this time.
Later on in the US, Federal Open Market Committee (FOMC )Statement, the main FOMC tool that is used for communication with investors regarding financial policy, and discusses the monetary outlook and the outcome of future votes. While on the Federal Funds Rate no change is likely from the last months and 0.25% is forecasted.
More in the US, Crude Oil Inventories, value the number of commercial firm’s crude oil barrels that are held in inventor, reduce is likely from 2.7M on July down to -1.6M now.
Finally in the US, Total Vehicle Sales is likely to remain similar to the last report with 14M.
In Europe, Final Manufacturing Purchasing Managers’ Index (PMI), monthly survey to rate the business conditions such as production, prices and inventories; 44.1 points are forecasted similar to the last month. And similar is expected on the Spanish Manufacturing PMI with 41.1 points.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), 48.6 points are calculated like on July.
Later in Great Britain, Halifax House Price Index (HPI), show the price change of homes that are financed by the Halifax Bank of Scotland (HBOS), 1% is estimated like on the last month. While on the Nationwide HPI rise from -0.6% up to -0.1% is likely this time.
Read more about the Pound in the GBP/USD forecast.
In Australia, House Price Index (HPI); value the selling price of homes in the nation’s 8 state capitals, due to further reduce from -1.1% on the last quarter down to -0.5% on the upcoming report.
Later in Australia, Commodity Prices is likely to remain -10.5% likely to July.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Monetary Base is due to rise up from 5.9% on July to 6.2% now.
Read more about the yen in the USD/JPY forecast.
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