ADP Non-Farm Employment Change in the US and Services PMI in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, Estimated employed people (without the farming industry and government) on the past month, rise up to 171K from 119K on the last time.
Later in the US, The Institute for Supply Management (ISM), Non-Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, rise of 0.3 points is likely now up to 53.4 points.
Later on in the US, Factory Orders, manufacturers total value of new purchase orders placed, 1.6% from -4.9% on the last month.
More in the US, Revised Nonfarm Productivity, yearly change of labor efficiency on goods and services production (not including the farming industry) 0.7% is calculated similar to the previous time.
Moreover in the US, Factory Orders, shows the total value of new purchase orders placed with manufacturers, rise up to 1.6% is predicted now from -4.9% on May.
Also in the US, Crude Oil Inventories, weekly report to value the commercial crude oil barrels that were held in inventory, 3.0M is due now.
Finally in the US, Beige Book, analysis that is used by the Federal Open Market Committee (FOMC) for the next interest rates decisions.
In Canada, Building Permits, value all the new building permits issued -2.3% is due from 8.6% on May.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Retail Sales, measures all the sales at the retail level, -0.2% is expected now from -0.1% on May.
Later in Europe, Final Services Purchasing Managers’ Index (PMI), Survey to value the business conditions including employment, new orders, supplier deliveries and inventories, 47.5 points are due now from the last report.
Finally in Europe, Revised Gross Domestic Product (GDP), -0.2% is calculated this time similar to the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Australia, Trade Balance, difference in value between imported and exported goods and services, 0.21B is forecasted now from 0.31B on May.
For more on the Aussie, read the AUD/USD forecast.
Trade well
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