Weekly Outlook, 2-6 August.

Weekly Outlook, 2-6 August.
Market Outlook
Ahura Chalki
Author:
Ahura Chalki
Published on: 01.08.2021 23:53 (UTC)
Post reading time: 2.99 min
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NFP, PMI data, and BOE are in focus! 

 

With the cooling-off of the earnings, now, eyes turn on economic data. The week ahead will cower hug data and numbers with employment data from the US, Canada, and News Zealand, while PMI numbers from the US, UK, EU, and China to shed more light on the course of global economic recovery. Let's review the most important event and financial data of the week ahead. 

 

Manufacturing PMI's - Monday

Monday is the Manufacturing PMI day. Australia, Spain, Italy, France, UK, and United States will report the Manufacturing numbers. As in this stage of recovery that we were expecting, in past months Manufacturing sector was increasing, now it is time to see a bit slowing down. We expect ISM Manufacturing numbers to slow down a bit in the US but still have to stay above 60-level. Theas data is generally supposed to slow down the market bulls and put the US dollar under pressure before Friday employment numbers.