ISM Non-Manufacturing PMI in the US and Minimum Bid Rate in Europe are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, value the ones the filed (for the first time) for unemployment insurance over the last week, reduce of 1K is expected down to 385K now.
Later in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, monthly report to estimated then number of employed people during the past month (without government and farming industry), reduce is likely from 133 on June down to 101K now.
More in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Survey to value the business conditions such as employment, new orders, supplier deliveries and inventories, is about to reduce by 0.6 points and still indicate industry expansion with 53.1 this time.
Moreover in the US, Crude Oil Inventories, value the commercial firm’s crude oil barrels in inventory, -0.1M is predicted with no change from the last month.
Also in the US, Natural Gas Storage, weekly measurement to value the natural gas by cubic feet that is held in underground storage, 57B is forecasted now similar to the last time.
Finally in the US, Challenger Job Cuts, the number of job cuts that were announced by employers, is due to remain 66.7% this time,.
In Europe, Minimum Bid Rate, value the Interest rate on the main refinancing operations that deliver the bulk with the banking system’s liquidity, due to reduce by 0.25% down to 0.75% now. And European Central Bank (ECB) Press Conference to follow.
Later In Europe, German Factory Orders, monthly indicator to value the manufacturer’s total value of new purchase orders placed, rise is estimated from -1.9% on June up to 0.2% on the upcoming report.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Rate Statement, MPC tools that is uses to communicate with investors regarding monetary policy and the outcome on interest rates and other policy measures discusses. Meanwhile no change is predicted with the Official Bank Rate and 0.50% is likely to remain.
Asset Purchase Facility, Total value of money the Bank of England (BOE) will create and use to purchase open market assets; rise is forecasted from 325B on June up to 375B now.
Read more about the Pound in the GBP/USD forecast.
In Australia, Trade Balance, in value the difference between imported and exported goods, is about to further reduce from -0.20B on June down to -0.51B now.
Later In Australia, AIG Construction Index, no change is likely from the 34.7 points on June.
For more on the Aussie, read the AUD/USD forecast.
Trade well
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