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Forex Focus on US ISM Manufacturing PMI
Forex Focus on US ISM Manufacturing PMI

Forex Focus on US ISM Manufacturing PMI

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Nikolas Papas Forex Analyst
    Summary:
  • European trading session starts with USDCHF trades focus on Switzerland August CPI figures due at 6:30 GMT. In UK at 8:30GMT the August construction PMI

European trading session starts with USDCHF trades focus on Switzerland August CPI figures due at 6:30 GMT. In UK at 8:30GMT the August construction PMI will be released while at 9:00GMT the Eurozone July PPI figures will be out.

In US forex calendar the ISM Manufacturing PMI and ISM Manufacturing Employment is due at 17:00.

Reserve Bank of Australia left interest rates unchanged as widely expected at 1%. The Australia Retail Sales s.a. (month over month) came in at -0.1%, below analyst’s expectations of 0.2% in July.

Japan Capital Spending came in at 1.9% for 2Q, 2019 versus previous 6.1%. Japan Monetary Base (year over year) came down to 2.8% in August from previous 3.7%

Asian indices trading mixed for one more day. EURUSD continues it’s trip south making fresh yearly lows at 1.0942, the USDJPY is 0.08% higher at 106.27 while the AUDUSD is 0.09% higher at 0.6721.