We end this week with Unemployment Rate in the US and Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Unemployment Rate, value by percentage the total unemployed work force that is actively seeking employment, 7.5% is due now from 7.6% on June.
Later in the US, Non-Farm Employment Change, value the employed people over the previous month (not including the farming industry), drop down to 162K is expected from 175K on the last time.
Finally in the US, Average Hourly Earnings, measures the price change that businesses pay for labor (without the farming industry), rise up to 0.2% is calculated this month.
In Canada, Unemployment Rate, shows all the unemployed that are looking for jobs by percentage, 7.1% is due with no change from the last time.
Later in Canada, Employment Change, the number of employed people over the last month, reduce down to -12.3K is likely from 95.0K on June.
Finally in Canada, Ivey Purchasing Managers’ Index (PMI), Monthly Business Conditions Survey to value the employment, new orders, supplier deliveries and inventories 59.6 points are due now from 63.1 points on the last time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Factory Orders, the total value of manufacturers’ new purchase orders rise up to 1.3% from -2.3% is due now.
For more on the Euro, read the Euro to dollar forecast.