Week ahead: interest rates, PMI, and Nonfarm payrolls to define Dollar fate
InvestingOnline.com
3/09/2018, 12:50Forex and stocks markets are opening the week with a mixed sentiment and some risk appetite as investors are back from summer vacations. Global trade is the primary concern over markets, the United States failed to reach an agreement with Canada, and it put Mexico’s deal o jeopardize.
Thought Monday is labor day in the United States, investors are looking for a busy week with interest rates in Australia and Canada, while a bunch of PMI indexes that would give market with a business picture around the world.
Finally, nonfarm payrolls will provide the fireworks as the notion that the economy of the United States is on fire could create false expectations.
Overall, dollar is on the defensive while Euro and Yen are making gains. The British pound is under pressure amid Brexit. The greenback seems ready to resume its upside, but everything will be said by trade talks and employment economic data in America.
DXY daily chart Sept 3
Watch the most important event this week:
Tuesday, September 4
Australia: RBA interest rate decision
Switzerland: Consumer price index
United Kingdom: PMI construction
United Kingdom: Inflation report
Canada: Manufacturing PMI
United States: Manufacturing PMI
United States: ISM manufacturing
Wednesday, September 5
New Zealand: Gross domestic product
China: Caixin China services
Spain: Services PMI
Germany: Services PMI
Eurozone: Services PMI
United Kingdom: Services PMI
Eurozone: Retail sales
United States: Trade balance
Canada: Trade balance
Canada: Bank of Canada interest rate
Thursday, September 6
Australia: Trade balance
Switzerland: Gross domestic product
Germany: Factory orders
United States: ADP employment
United States: Jobless claims
United States: Services PMI
United States: PMI Composite
United States: ISM non-manufacturing PMI
United States: Factory orders
Japan: Overall household spending
Friday, September 7
Japan: Labor cash earnings
Australia: Investment lending homes
Australia: Home loans
Japan: Coincident index
Japan: Leading economic index
Switzerland: Unemployment rate
Germany: Industrial production
Germany: Trade balance
Eurozone: Gross domestic product
United States: Nonfarm payrolls
United States: Unemployment rate
Canada: Unemployment rate
Canada: Ivey purchasing manager index
Saturday, September 8
China: Trade balance
