ADP Non-Farm Payrolls in the US, and PMI figures in various countries are the main events lined up. Let’s see what awaits us today.
In the US, ADP Non-Farm Payrolls is the number of people employed in the private sector and affects consumer spending an indicator of economic conditions is expected to reduce by 1K.
Later in the US, MBA Mortgage Applications, weekly index measures home loan demand a leading indicator of home sales is expected now to remain -5.6%.
Later on in the US, Dennis P. Lockhart, chief executive officer of the Federal Reserve Bank of Atlanta is about deliver a speech.
More in the US, Crude Oil, inventories and indicator of oil demand and rates is expected now to remain 6.2 million.
Finally in the US, ISM Manufacturing Index, the Institute for Supply Management is an important measurement indicator for manufacturing activity on the previous month. shows positive growth with 57.4 points.
In Europe, PMI (purchasing managers’ index) services index, measuring the sales and employment condition shows positive growth with 56.9 points.
Also in Europe, Retail Sales, A major indicator of consumer spending, on the yearly report is about to stay 0.1%, while on the monthly is due to reduce by 0.1%.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, BRC Shop Price Index, British Retail Consortium report that measures the change in current retail price in UK. Is expected to remain 2.4%.
More in Great Britain, Halifax House Price Index, measuring the monthly house prices and property movements. is expected to remain -.2.9% on the yearly report while on the monthly index is expected to rise by 0.1%.
Later in Great Britain, Nationwide Housing Price Index (HPI), the UK average houses prices with mortgage. Affects directly the GBP, on the yearly report negative (bearish) reduce to 0.3% and on the monthly -0.4%.
Also in the UK, Mortgage Approvals, a leading gauge of UK Housing Market affecting overall economy condition, 48.500K is expected.
Finally in Britain, PMI Construction (Project Management Institute), measures business conditions in the UK building industry. Is due to remain in a positive note with 56.4 points.
Read more about the Pound in the GBP/USD forecast.
In Australia, AiG Performance of Services Index, monthly survey of 200 manufacturers to measure business situation.by the Australian Industry Group, the Australian Industry Group is about to remain 45.6 points.
Later in Australia, HIA New Home Sales by the Housing Industry Association that measures the number of new houses sold including prices affecting mortgage rates. A major indicator of economic conditions, is due to remain 0.6%.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Building Permits, measures the number of licenses for new building projects a -9.7% is forecasted now.
Later in New Zealand, Visitor Arrivals, yearly tourism indicator that measures the number of people arriving to New Zealand. 0.2 is expected now.
Finally in New Zealand, 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%.
That’s it for today. Happy forex trading!
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