This week’s market events:
Stay informed and prepared with the following updates
USD ISM Services PMI(Aug):
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not positively or negatively influence the GDP as much as ISM Manufacturing. A result above 50 is positive (or bullish) for the USD.
EUR Retail Sales (YoY)(Jul):
The Retail Sales released by Eurostat measure changes in Eurozone retail sector sales. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes in such deals. The changes are widely followed as an indicator of consumer spending. Usually, positive economic growth anticipates “Bullish” for the EUR, while a low reading is seen as negative or bearish for the EUR.
AUD Trade Balance (MoM)(Jul):
The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.
CAD Unemployment Rate(Aug):
The Unemployment Rate released by the Statistics Canada is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Canadian Economy. If the rate is up, it indicates a lack of expansion within the Canadian labor market. As a result, a rise leads to weaken the Canadian economy. Normally, a decrease of the figure is seen as positive (or bullish) for the CAD, while an increase is seen as negative or bearish.
