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Weekly Outlook: 2016, October 02 - October 09

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by , 10-02-2016 at 11:16 AM (949 Views)
      
   
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The third quarter ended with mixed moves in currencies. A full buildup to the US Non-Farm Payrolls, a rate decision in Australia and other figures fill the first week of the last quarter. These are the main events on forex calendar.

  1. US ISM Manufacturing PMI: Monday, 14:00. Manufacturing PMI is expected to reach 52.1 in September.
  2. Australian rate decision: Tuesday, 3:30. No change in rates is expected this time. This is the first rate decision made by the new governor Philip Lowe.
  3. US ADP Non-Farm Employment Change: Wednesday, 12:15. The ADP report is expected to show a 166,000 jobs gain in September.
  4. US ISM Non-Manufacturing PMI: Wednesday, 14:00. Non-manufacturing activity is expected to reach 53.1 in September.
  5. US Crude Oil Inventories: Wednesday, 14:30.
  6. US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to register 255,000 jobs gain this week.
  7. Canadian employment data: Friday, 12:30. Economists expected a smaller gain of 16,000 jobs and the unemployment rate to remain steady at 6.9%.
  8. US Non-Farm Payrolls: Friday, 12:30. The number of new jobs in September is expected to be 171,000 while the unemployment rate is forecasted to remain at 4.9%. Wages are projected to rise by 0.2% m/m.


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