1Finance

The US dollar was on the back foot across the board in the last full week of August. An update on US GDP, consumer confidence, and the all-important Non-Farm Payrolls stand out.

1. CB Consumer Confidence: Tuesday, 14:00. A score of 120.3 is on the cards now.
2. ADP Non-Farm Payrolls: Wednesday, 12:15. Payrolls software provider ADP publishes its jobs report for the private sector and always influences markets. The figures released do not always correlate with the official report by the BLS, but they are still eyed. A gain of 178K was seen in July. A similar gain of 186K is projected.
3. US GDP (second release): Wednesday, 12:30. A small upgrade to 2.7% is expected in the second release.
4. Euro-zone CPI: Thursday, 9:00. CPI is predicted to rise to 1.4% y/y while core CPI is expected to remain unchanged.
5. Canadian GDP: Thursday, 12:30. A slower growth rate of 0.1% is on the cards now.
6. US Core PCE: Thursday, 12:30. After core CPI remained unchanged at 1.7% y/y, the core PCE number will likely stand at 1.4% y/y. A rise of 0.1% is on the cards. Note that the report also includes personal spending and personal income.
7. US Pending Home Sales: Thursday, 14:00. A gain of 0.6% is likely.
8. Chinese Caixin Manufacturing PMI: Friday, 1:45. A minor tick down to 51 is forecast.
9. US Non-Farm Payrolls: Friday, 12:30. Expectations stand at a gain of 180K jobs and no change of the unemployment rate, which stood at 4.3%. Wages are expected to rise by 0.2% m/m.
10. US ISM Manufacturing PMI: Friday, 14:00. A small rise to 56.5 is expected.

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