Forex Focus on NFP and Unemployment Rate
European calendar starts with the USDCHF traders awaiting the Switzerland July CPI figures at 6:30GMT and Switzerland July manufacturing PMI at 7:30GMT. At 8:00GMT Italy June industrial production data is due, and UK July construction PMI will be released at 8:30GMT. The Eurozone June PPI figures and June retail sales data due at 9:00GMT.
In the American calendar Nonfarm Payrolls (NFP) and Unemployment Rate will be released at 12:30GMT. Factory Orders m/m and Michigan Consumer Sentiment due at 14:00GMT.
Oil traders await the Baker Hughes US Oil Rig Count at 17:00
President Trump, decided yesterday to add another 10% tariffs on the remaining USD300bn worth of US imports from China, starting September 1st.
Australian Retail sales increased 0.4% in June, while Australia Producer Price Index (year over year) came in at 2% above forecasts of 1.9% in 2Q. New Zealand’s ANZ-Roy Morgan Consumer Confidence down 6 points for July to 116, below the historical average. Japan’s government approved a plan to remove South Korea from trusted export white list.Don’t miss a beat! Follow us on Twitter.