Non-farm payrolls in the US and PMI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.
In the US, Non-farm payrolls, Monthly report that measures the number employees of all non-agricultural industries. Is expected to reduce by 54K and 190k is forecasted.
More in the US, Unemployment Rate the percentage of people actively seeking employment and affects consumer spending an indicator of economic conditions is expected to reduce by 0.1% to 8.9%.
Later in the US, Average Hourly Earnings, an important indicator of employment cost inflation and of the work markets, should be 1.9% on the monthly report and rise of 0.1% on the yearly.
Also in the US, ISM Non-Manufacturing Index, the Institute for Supply Non-Management is an important measurement indicator for non-manufacturing activity on the previous month. Positive forecast to the USD with 54 points.
In Europe, Purchasing Managers Index (PMI) – Services Monthly release measuring business conditions purchasing managers, indicator of the Euro Zone economic situation from Europe. An early indicator of ISM indicates expansion with 55.4 points.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, Purchasing Managers Index (PMI) – Services Monthly release measuring business conditions purchasing managers,. An early indicator of ISM indicates expansion with 54.2 points.
Read more about the Pound in the GBP/USD forecast.
That’s it for today. Happy forex trading!
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