The US Nonfarm Payrolls report will become the week's main event as it is the most important data for the Fed's monetary policy decision. Economists believe the labor market will add 169,000 jobs in August after 187,000 in July. The unemployment rate is expected to hold steady at 3.5%, while average hourly earnings growth is also forecast to remain unchanged at 4.4% y/y in August. The data on the preliminary rate of inflation in the Eurozone should also be on the trader's list since the ECB meeting is two weeks away. Also, investors should not miss the Manufacturing PMI data in various countries. Falling below 50 is a serious slowdown in the sector, which usually leads to a recession.
- – Australia Retail Sales (m/m) at 04:30 (GMT+3).
- – German GfK German Consumer Climate (m/m) at 09:00 (GMT+3);
- – Australia RBA Gov-Designate Bullock Speaks at 10:40 (GMT+3);
- – US CB Consumer Confidence (m/m) at 17:00 (GMT+3);
- – US JOLTs Job Openings (m/m) at 17:00 (GMT+3).
- – Australia Consumer Price Index (m/m) at 04:30 (GMT+3);
- – German Consumer Price Index (m/m) at 15:00 (GMT+3);
- – US ADP Nonfarm Employment Change (m/m) at 15:15 (GMT+3);
- – US GDP (m/m) at 15:30 (GMT+3);
- – US Pending Home Sales (m/m) at 16:45 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
- – Japan Industrial Production (m/m) at 02:50 (GMT+3);
- – Japan Retail Sales (m/m) at 02:50 (GMT+3);
- – China Manufacturing PMI (m/m) at 04:30 (GMT+3);
- – China Non-Manufacturing PMI (m/m) at 04:30 (GMT+3);
- – German Retail Sales (m/m) at 09:00 (GMT+3);
- – Switzerland Retail Sales (m/m) at 09:30 (GMT+3);
- – German Unemployment Rate (m/m) at 10:55 (GMT+3);
- – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
- – Eurozone Unemployment Rate (m/m) at 12:00 (GMT+3);
- – Eurozone Monetary Policy Meeting Accounts at 14:30 (GMT+3);
- – US PCE Price Index (m/m) at 15:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Chicago PMI (m/m) at 16:45 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
- – Switzerland Consumer Price Index (m/m) at 09:30 (GMT+3);
- – German Manufacturing PMI (m/m) at 10:55 (GMT+3);
- – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
- – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
- – US Nonfarm Payrolls (m/m) at 15:30 (GMT+3);
- – US Unemployment Rate (m/m) at 15:30 (GMT+3);
- – Canada GDP (m/m) at 15:30 (GMT+3);
- – Canada Manufacturing PMI (m/m) at 16:30 (GMT+3);
- – US ISM Manufacturing PMI (m/m) at 17:00 (GMT+3).
by 2023.08.28
, We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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