ADP Non-Farm Employment Change in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.
Group of Twenty (G20) Meetings (Day 1), attended by finance ministers and central bankers from 20 industrialized nations including the G7 nations with formal statement.
In the US, Automatic Data Processing, Inc. (ADP), Non-Farm Employment Change, Estimated number of employed people over the previous month (not including farming industry and government), 181K is likely now from 200K on the last time.
Later in the US, Unemployment Claims, weekly measurement to value the individuals who filed for unemployment insurance for the first time, 330K is estimated now from 331K on August.
More in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Business Conditions Survey to value the employment, new orders, prices, and supplier deliveries, reduce from 56 points on August down to 55.2 Now is predicted.
Moreover in the US, Factory Orders, the total value of new manufacturer’s purchase orders, reduce down from 1.5% on August to -3.2% now is likely.
Also in the US, Revised Nonfarm Productivity, value the labor efficiency when producing goods and services (without the farming industry), rise is due from 09% on August u to 1.5% now.
Finally in the US, Crude Oil Inventories, weekly indicator to show the commercial firms barrels of crude oil held in inventory, 3.0M is predicted now similar to the previous time.
In Europe, Minimum Bid Rate, shows the main operations that provide the bulk of liquidity to the banking system, 0.50 is due to remain similar to the last month. Usually it is followed by European Central Bank (ECB) Press Conference.
Later in Europe, German Factory Orders, value the new manufacturer’s purchase orders, reduce from 3.6% on the last month down to -0.7% now id likely.
Later on in Europe, German Trade Balance, measures the difference between imported and exported goods, rise up of 0.2B is due from the reported month up to 15.9B this time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Rate Statement, MPC primary tool uses to communicate with investors regarding monetary policy, and discusses the financial outlook. And on the Official Bank Rate 0.50% is likely with no change August.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Consumer Price Index (CPI), consumer’s price change of goods and service, rise up of 0.4% is due now.
Later in Switzerland, Foreign Currency Reserves, value all foreign currency reserves that is held by the Swiss National Bank (SNB), 434.9B is calculated now.
Read more about the Swiss franc in the USD/CHF forecast.
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