ADP Non-Farm Employment Change in the US and Construction 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, the estimated number of employed people on the last month (not including the farming industry and government), due to reduce down by 30K to 179K now.
Later on in the US, Factory Orders, production indicator to value new manufacturer’s orders, reduce is forecasted down to -1.4% from 1.3% on March.
More in the US, Crude Oil Inventories, the number of commercial crude oil barrels in inventory, is due to remain 4.0M similar to the last week.
Also in the US, Jeffrey Lacker, Federal Reserve Bank of Richmond President, is about to speak in Norfolk.
In Europe, German Unemployment Change, value the unemployed people on the last month, is about to rise from -18K on March up to -9K now.
Later in Europe, Unemployment Rate, value by percentage total unemployed work force that is looking for employment, rise of 0.1% is expected from the last month up to 10.9%.
The Economic and Financial Affairs Council (ECOFIN) Meetings, it is the broadest Eurozone’s body for financial decision making, that coordinates 27 member states financial policies and can effect the Eurozone’s financial health.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Construction Purchasing Managers’ Index (PMI); Monthly Survey to value business conditions such as employment, new orders, inventories and so on, due to drop down from 56.7 points on March down to 54.2 points this time.
Later in Great Britain, Net Lending to Individuals, value all the new consumer’s credit that were issued over the previous month, rise is likely by 0.1B up to 1.7B.
Halifax House Price Index (HPI), monthly indicator to value the price change of homes that are financed by Halifax Bank of Scotland (HBOS), is due to reduce from 2.2% on March down to 1.2% now.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Retail Sales, consumer spending main gauge to value the retail sales (without vehicles and gas stations), rise of 0.4% from March is predicted up to 1.2%.
Later in Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI); business condition’s Monthly Survey to rate the employment, new orders, supplier deliveries and so on, rise is expected from 51.1 points on the last month up to 53.6 points now.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Australian Industry Group (AIG) Services Index, Monthly Survey to measure the business conditions like new orders, prices, inventories and so on, is due to remain 47 points like on the last month.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Employment Change, the number of employed people over the past month, is due to rise up from 0.1% on March up to 0.5% now.
Later in Unemployment Rate, measures by percentage the total work force of unemployed that are looking for employment on the last quarter; due to reduce by 0.1% down to 6.20%.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Average Cash Earnings, monthly indicator to value all employment income that was collected by workers, rise of 0.3% is likely up to 0.4% now.
Read more about the yen in the USD/JPY forecast.
Trade well
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