FX Markets: PMI’s Will Set The Tone

Traders will closely watch today the PMI’s composite and services from around Europe.  France June final services, composite PMI will be released at 7:50GMT, the Germany June final services, composite PMI will be out at 7:55GMT and the Eurozone June final services, composite PMI will be published at 8:00GMT. UK PMIs due at 8:30GMT.

In the American economic calendar we await the US ADP Employment Change report to be released at 12:15GMT followed by the US Trade Balance, Jobless Claims and the Canadian Trade Report due at 12:30GMT. The US Markit and ISM Services PMI data will be released at 14:00 GMT same time as the Factory Orders. Crude oil traders await the US EIA Crude Oil Stocks data due at 1430 GMT.

During Asian trading session the China’s Caixin services PMI for June came in at 52.0 worst than analyst’s expectations of 53.0, the previous figure was 52.7, the Composite Output Index dropped to 50.6 in June from 51.5 that was in May’s.Don’t miss a beat! Follow us on Twitter.