The AUD Awaits Australian Job Data
Australia will release employment change and an unemployment rate on July 15, at 04:30 MT time.
Chinese data is full of surprises
China will publish manufacturing and non-manufacturing PMIs on December 31, at 3:00 MT time.
Instruments to trade: USD/CNH, EUR/CNH
Manufacturing and non-manufacturing PMIs are indicators that show how businesses in China see the current situation in the industry. Their calculations are based on surveys of a big number of purchasing managers in the manufacturing and services industries. If the index is bigger than 50, the industry is expanding. Alternatively, if the index is lower than 50, the industry is contracting. Besides indicators' direct impact on the Chinese yuan, these indicators tend to determine the risk sentiment during the Asian trading session. Last time, both indicators came out higher than the forecasts. While manufacturing PMI reached 52.1 (vs. the forecast of 51.6), non-manufacturing PMI rose to 56.4 (vs. 56 points expected). Despite that, the CNH weakened back then. This time, due to the lack of events and pre-holiday mood, the situation may be completely different.
- If the indicators are higher than the forecasts, the CNH will strengthen;
- In case of an alternative scenario, CNH will weaken.
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The CAD May Rise on Economic Data
Canada will publish a GDP growth for April on June 30 at 15:30 MT time (GMT +3).
Friday’s opportunity for the greenback
The USA expects a release of personal spending on May 28, at 15:30 MT time.
Latest news
Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
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