Forex Focus on Services PMI’s

USDCHF traders start the week at 5:45GMT with the release of Switzerland July SECO consumer confidence while at 6:30GMT will be published the Switzerland June retail sales data, At 8:00GMT will be published the SNB total sight deposits w.e. 2 August.

The European services PMI will add volatility to EURUSD :

Spain July services, composite PMI at 7:15 GMT

Italy July services, composite PMI at 7:45GMT

France July final services, composite PMI at 7:50GMT

Germany July final services, composite PMI at 7:55 GMT

Eurozone July final services, composite PMI at 8:00GMT

Eurozone August Sentix investor confidence survey will be released at 8:30GMT, while GBPUSD traders will focus on UK July services PMI due at 8:30GMT. In the US calendar we have the Markit Services PMI due at 13:45GMT and the ISM Non-Manufacturing PMI at 14:00GMT.

During Asian session the New Zealand ANZ Commodity Price came in at -1.4% below forecasts of 0% in July and the China Caixin Services PMI came in at 51.6 below expectations of 52.9 in July. Australia Commonwealth Bank Services PMI came up to 52.3 in July from previous 51.9, while Japan Markit Services PMI registered at 51.8, below expectations (52.3) in July.

In our central banks calendar this week we have the meetings in India, Philippines, New Zealand and Australia.Don’t miss a beat! Follow us on Twitter.