Forex Focus on European PMI’s
USDCHF traders await the Switzerland July retail sales data due at 6:30GMT. European PMI’s will attract investors attention here is the calendar:
7:15 GMT – Spain August manufacturing PMI
7:30 GMT – Switzerland August manufacturing PMI
7:45 GMT – Italy August manufacturing PMI
7:50 GMT – France August final manufacturing PMI
7:55 GMT – Germany August final manufacturing PMI
8:00 GMT – Eurozone August final manufacturing PMI
8:00 GMT – SNB total sight deposits w.e. 30 August
8:30 GMT – UK August manufacturing PMI
Australia ANZ Job Advertisements came in at -2.8% in August from previous 0.8%. Australia Company Gross Operating Profits (QoQ) came in at 4.5%, topping forecasts of 2% in 2Q. The AiG Performance of Mfg Index up to 53.1 in August from previous 51.3
Japan Nikkei Manufacturing PMI declined to 49.3 in August from previous 49.5.
New Zealand Terms of Trade Index registered at 1.6% above expectations (1%) in 2Q.
The central bank of China set the Yuan rate (USDCNY) at 7.0883 at the lowest level in 11 years, versus yesterday fix at 7.0879.
Asian indices trading mixed today after Wall Street indices ended also mixed on Friday. EURUSD started the week flat at 1.0987, the USDJPY is 0.04% lower at 106.20 while the AUDUSD is 0.09% lower at 0.6727.