We start the week with some interesting events like ISM Non-Manufacturing PMI in the US and Halifax HPI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.
In the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions such as employment, new orders, supplier and so on, indicates industry growth with 56.2 this month, 0.6 points less than on the last month.
More in the US, Factory Orders, important production monthly indicator to measure the new manufacturers purchase orders, due to further reduce by 0.1% from February down to -1.2%.
In Europe, Final Services Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions like employment, production, prices, inventories etc., rise of 0.1 points from February is expected up to 49.5 points.
More in Europe, Retail Sales, consumer spending main indicator to measure the total sales at the retail level, rise of 0.3% is predicted from the last month.
Finally in Europe, Sentix Investor Confidence, index based on monthly survey to rate the Eurozone 6-month financial outlook, rise up from -11.1 on the last month, but still indicates pessimism with-5.7 points.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Halifax House Price Index (HPI), value the price change in the of households financed by Halifax Bank of Scotland (HBOS); reduce of 0.3% is forecasted from the last time down to 0.3%.
More in Great Britain, Services Purchasing Managers’ Index (PMI), Monthly Survey to show the level of business conditions, reduce of 0.1 points is forecasted from the last month down to 55.0 points.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Retail Sales, monthly measurement to rate the sales on the retail level over the last month, growth is predicted from 0.6% up to 2.1% this time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Australia and New Zealand Banking Group (ANZ), Job Advertisements, measures the number of jobs advertised in the capital cities’ media, due to stay 0.6% similar to the February.
More in Australia, Company Operating Profits, total value of profits earned by corporations due to reduce from 4.8% down to 0.3% now.
Later in Australia, Australian Industry Group (AIG) Services Index, no change is predicted from the last month, and industry expansion of 51.9 points is expected.
Finally in Australia, Melbourne Institute (MI) Inflation Gauge is about to remain 0.2%.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Visitor Arrivals is about to remain 4.5% similar to February monthly report.
For more about the kiwi, see the NZD/USD forecast.
That’s it for today.
Happy forex trading!
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