Unemployment Claims in the US and Manufacturing 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 the employed people on the past month (not including the farming industry and government), 138K is likely now from 162K on October.
Later in the US, Unemployment Claims, value of the individuals that filed for unemployment insurance on the last week for the first time, rise up to 371K is due now from 369K on the last report.
Later on in the US, The Conference Board (CB) Consumer Confidence, Survey to value the current and future financial conditions, 72.4 points are expected now from 70.3 points on the last month.
More in the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, 51.2 points are due now from 51.5 on the last report.
Moreover in the US, Prelim Nonfarm Productivity, value the yearly change in labor efficiency in goods and services production, (not including the farming industry), due to reduce to 1.3% from 2.2% on the last quarter. And on the Prelim Unit Labor Costs 1.3% is due from 1.5%.
Also in the US, Crude Oil Inventories, weekly indicator to value the crude oil barrels that are held by commercial firms in inventor, 2.0M is calculated now from 5.9M on the last time.
Finally in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is due to speak in Chattanooga.
In Great Britain, Nationwide House Price Index (HPI), mesurmnet to show the selling price change of homes with mortgages that are backed by Nationwide, rise up to 0.2% is likely from -0.4% on October.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Retail Sales, value all the sales at the retail level (without autos and gas stations), 4.5% is predicted now from 5.9% on October.
Later in Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME), Purchasing Managers’ Index (PMI), monthly survey to rate the business conditions including, rise up to 44.6 points now are predicted from 43.6 points on October.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Import Prices, the importers price change of goods, due to reduce down to -1.2% from 2.4% on the last quarter.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Monetary Policy Meeting Minutes, record of the Bank of Japan (BOJ) Policy Board’s meeting, that provides insights regarding the monetary conditions and decision on interest rates.
Read more about the yen in the USD/JPY forecast.
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