Market Notes:
Yesterday’s U.S. ADP Non-Farm Employment Change survey has published better than expected at -22K vs. -31K expected. The ADP is a good indication of what tomorrow’s figure will look like, which in my opinion can be close to zero for the first time in the last 2 years.
New Zealand’s unemployment rate continues to climb with a 0.5% rise above the expected! This report, of course, knocks out the NZD, which is the weakest currency of the day.
Their neighbor the Aussie also suffers from a drop against the majors as a result of weak retail sales data.
Watch after the EU and UK Interest Rate Decisions and the statements that will follow the announcement.
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Daily Trends & Charts
Watch the Fundamentals!(GMT time)
Yesterday
AU Trade Balance: -2.25B vs. -2.36B exp.
UK Services PMI: 54.5 vs. 56.6 exp.
US ADP Non-Farm Employment Change: -22K vs. -31K exp.
US ISM Non-Manufacturing PMI: 50.5 vs. 51.1 exp.
NZ Unemployment Rate: 7.3% vs. 6.8% exp.
TODAY
AU Building Approvals: 2.2% vs. -0.2% exp.
AU Retail Sales: -0.7% vs. 0.3% exp.
Swiss Trade Balance: 1.36B vs. 2.33B exp.
UK House Price Index: 0.6% vs. 0.9% exp.
EU German Factory Orders at 11:00.
UK Interest Rate Decision at 12:00.
EU Interest Rate Decision at 12:45.
Canadian Building Permits at 13:30.
US Unemployment Claims at 13:30.
Canadian PMI at 15:00.
Tomorrow
AU RBA Monetary Policy Statement at 00:30.
UK PPI Input at 09:30.
EU German Industrial Production 11:00.
Canadian Unemployment Rate 12:00.
US Non-Farm Employment Change at 13:30.
Written by Finexo.com
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