mask Week Ahead | Greenback Still in the Hole

28/ 08/ 2017

Week Ahead | Greenback Still in the Hole

28th August 2017 - 1st September 2017

Monday

•             USD Dallas Fed Manufacturing Business Index

Quiet day to start the week, with only Dallas Fed Manufacturing Business Index released from USA. This Survey obtains a timely assessment of the state's factory activity. Firms are asked by Federal Reserve Bank of Dallas whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase.

Tuesday

•             JPY Unemployment Rate

•             EUR  Gfk Consumer Confidence Survey

•             USD S&P/Case-Shiller Home Price Indices

Early morning Japan will release Unemployment Rate which comes from the Ministry of Health, Labor and welfare is a measure of the percentage of unemployed in Japan. Later on we will see Germany releasing Consumer Confidence Survey. This measures the level of consumer confidence in economic activity.

The day will end with USA releasing S&P/Case-Shiller Home Price Indices which examines changes in the value of the residential real estate market in 20 regions across the US. This is an indicator of the health of the US housing market.

Wednesday

•             GBP  Mortgage Approvals & Inflation Report Hearings

•             EUR Services Sentiment, Industrial Confidence and Economic Sentiment Indicator

•             USD  ADP Employment Change & Gross Domestic Product Annualized

Quite a busy day in terms of economic data. First up we will see Mortgage Approvals from UK. Then the focus shifts to Inflation Report hearings from UK. By midafternoon the focus shifts to Euro zone with the release of few economic indicators such as Services Sentiment, Industrial Confidence and Economic sentiment indicator.

By Evening we will see, ADP Employment Change report from USA which is a measure of the change in the number of employed people in the US. Finally the day will end with GDP Annualized which shows the monetary value of all the goods, services and structures produced within a country in a given period of time.

Thursday

•             EUR Unemployment Rate, Consumer Price Index

•             USD Personal Income, Personal Spending and Initial Jobless Claims

Heavy day on Market data being released with a start on the Unemployment Change published by the German Statistics Office is a measure of the absolute change in the number of unemployed people in euro zone using seasonally adjusted data. The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone.

Next up will be Jobs data from USA. The day will end with Initial Jobless Claims which is a measure of the number of people filing first-time claims for state unemployment insurance.

Friday

•             EUR Markit Manufacturing PMI

•             GBP Markit Manufacturing PMI

•             USD Unemployment Rate, Nonfarm Payrolls & ISM Manufacturing PMI

Another Quite an eventful day as we will see reports from USA, Euro zone and UK. First up we will see Markit Manufacturing PMI from both Euro zone and UK which captures business conditions in the manufacturing sector.

Then the focus shifts to USA with the release of Unemployment Rate report which is a percentage that surges from dividing the number of unemployed workers by the total civilian labor force. Then comes the all-important Non-farm payrolls released by the US Department of Labor which presents the number of new jobs created during the previous month, in all non-agricultural business.

The day will come to close with the release of ISM Prices Paid which shows business conditions in the US manufacturing sector.