News and Market Analysis

The week ahead

If at the end of this week you feel like you have been 12 rounds with Mike Tyson I wouldn’t blame you. With the week of announcements we are about to have,  expect a few punches and even some knockouts with the presidential elections in the mix.  do they pack a punch. Starting things off is the President of the ECB who is due to deliver introductory statement at the ECON committee of the European Parliament in Brussels. With the tumultuous ride the Euro has had of late, we will have nervous investors listening out for any signs of stability in the near term.

Next we go to Germany where we await result of  the Harmonised Index of Consumer Prices (HICP) y/y which reflects a percentage change in prices of consumer goods and services in the reported month compared to the same month of the previous year. The index is compiled according to a methodology that has been harmonized across EU countries. An increase in index values can have a positive effect on euro quotes.

The much anticipated debate. This Tuesday (in the US)  we see the Presidential election take off. Much like his predecessor Hillary Clinton, Joe Biden has the lead ahead of President Donald Trump. As seen in the previous election this mean nothing. Amongst the rest of the world, traders and investors will be listening out for any signs of who will win this election. Too early to tell, but the markets will react.

The official non-manufacturing PMI, released by China Federation of Logistics and Purchasing (CFLP), is based on a survey of about 1,200 companies covering 27 industries including construction, transport and telecommunications. It’s the level of a diffusion index based on surveyed purchasing managers in the services industry and if it’s above 50.0 indicates industry expansion, below indicates contraction.

Composite PMI is a monthly summary report concerning the changes in the working conditions of private companies in the manufacturing and service sectors. The indicator calculation is based on the surveys of representatives of a number of companies. Each response is weighted according to the size of a company and its contribution to the total production or services of the subsector it belongs to. Thus, the largest companies make a greater contribution to the indicator calculation. The index reflects the conditions of doing business in the country. Readings above 50 can have a positive effect on yuan quotes.

also on Wednesday we had Britains GDP figures, Retail Sales and CPI numbers in Europe, ADP employment change and GDP for the USA. So it’s safe to say that Wednesday is a key day for the markets, with the day looking more like a feather in a cyclone.

But the final bell hasn’t rung yet. Friday brings us ISM Manufacturing PMI in the USA, Retail Sales in Australia and then Nonfarm Payroll is the US. NFP is the biggest one of the day. Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S. The indicator growth can have a positive effect on dollar quotes.

Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.

The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.

The indicator growth can have a positive effect on the Australian dollar quotes. Expectations are for retails sales to drop -4.2%.


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