We end this week with Non-Farm Employment Change and Unemployment Rate in the US as the major events of the day. 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 on the past month such as employment, new orders, supplier deliveries and so on, due to remain similar to the last month 54.1 points that is, 0.7 points less than on April.
Later in the US, Non-Farm Employment Change, measures the number of employed people during the previous month (apart from the farming industry), rise is likely from 115K on April up to 152K.
Later on in the US, Unemployment Rate, the total work force by percentage of unemployed that are looking for jobs, no change is forecasted from the last month and 8.1% is likely to remain.
More in the US, Average Hourly Earnings, businesses price payment for labor (not including the farming industry), rise of 0.2% is predicted this time.
Also in the US, Core PCE Price Index, vale the consumers price change of goods and services (without food and energy), due to remain like on April 0.2%.
Finally in the US, Personal Spending, value of all consumers expenditures on the last month, no change is likely and 0.3% is about to stay.
In Canada, Gross Domestic Product (GDP); rise from -0.2% of the economy production of all goods and services on April up to 0.3 now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Unemployment Rate, value by percentage the total unemployed work force that is seeking for jobs, rise of 0.1% is expected from April up to 11%.
For more on the Euro, read the Euro to dollar forecast.
Later In Great Britain, Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to measure the business conditions, reduce of 0.8 points is likely from April down to 49.7 points now.
In Great Britain, Halifax House Price Index (HPI), Halifax Bank of Scotland (HBOS) price change for homes over the last month is likely to remain similar to the last report.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Retail Sales, value the total sales at the retail level (apart from autos and gas stations), is about to drop down by 0.6% from April to 3.6% this time.
Later in Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME), Purchasing Managers’ Index (PMI); Monthly Managers Survey to value the business conditions including, production, prices, supplier deliveries etc., rise is forecasted from 46.9 points up to 47.0 points.
Read more about the Swiss franc in the USD/CHF forecast.
Trade well
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