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USD - Major events in the week ahead

Friday, Sep 09 2016

Events that marked the week:

On Tuesday Non-Manufacturing PMI figures were released. America’s service industries expanded in August at the weakest pace in six years, joining manufacturers in an abrupt slowdown that may signal waning optimism about the economy. The Institute for Supply Management’s non-manufacturing index slumped to 51.4, the lowest since February 2010, from 55.5 in July, the Tempe, Arizona-based group’s report showed Tuesday. While a reading above 50 indicates the industries that make up almost 90 percent of the economy are expanding, the figure is lower than the most pessimistic projection in a Bloomberg survey.

Thursday brought Unemployment Claims figures. In the week ending September 3, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 4,000 from the previous week's unrevised level of 263,000. The 4-week moving average was 261,250, a decrease of 1,750 from the previous week's unrevised average of 263,000. There were no special factors impacting this week's initial claims. This marks 79 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

This week markets will be looking at:

Unemployment Claims (Thursday 14:30)

Retail Sales (Thursday 14:30)

PPI (Thursday 14:30)

Philly Fed Manufacturing Index (Thursday 14:30)

Industrial Production (Thursday 14:30)

CPI (Friday 14:30)

Prelim UoM Consumer Sentiment (Friday 16:00)

More in this category: « UK Goods Trade Balance in deficit of £11.8 billion Aussie lower in an uneventful Monday's trade »

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