Forex Focus on ISM Manufacturing PMI

Investors will focus today on US ISM Manufacturing PMI, but first in the European session, we have the Switzerland October CPI figures and the September retail sales data due at 7:30GMT. Switzerland October manufacturing PMI will be out at 8:30GMT. UK October manufacturing PMI will be released at 9:30GMT.

In the American calendar we have the Nonfarm Payrolls,  Private Nonfarm Payrolls, Average Hourly Earnings, and Unemployment Rate all to be released at 12:30GMT.

US Markit Manufacturing PMI will be out at 13:45 while the ISM Manufacturing PMI and ISM Manufacturing Employment data will be released at 14:00GMT.

In our central bank calendar FOMC Member Williams speaks at 16:00 followed by Fed Governor Quarles Speech and Fed Vice Chairman Clarida at 17:00. FOMC Member Williams will deliver a speech at 18:30GMT.

Crude oil traders await the Baker Hughes US Oil Rig Count due at 17:00GMT.

Don’t miss a beat! Follow us on Telegram and Twitter.

Asian equity indices are trading mixed today; Nikkei is 0.33% lower at 22,850 and the Hang Seng trading 0.65% higher at 27,080. EURUSD trades 0.12% higher at 1.1164; the USDJPY is 0.03% lower at 107.99 while the AUDUSD is 0.24% higher at 0.6909.

The central bank of China set the Yuan rate (USDCNY) at 7.0437 versus yesterday settlement at 7.0533.Download our latest quarterly market outlook for our longer-term trade ideas.

Do you enjoy reading our updates? Become a member today and access all restricted content. It is free to join.