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EUR/USD Daily Forecast – 02 October

Saturday, Sep 30 2017
EUR/USD Daily Forecast – 02 October

From Eurozone, on Friday, CPI figures were published. Euro area annual inflation is expected to be 1.5% in September 2017, stable compared to August 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (3.9%, compared with 4.0% in August), followed by food, alcohol & tobacco (1.9%, compared with 1.4% in August), services (1.5%, compared with 1.6% in August) and non-energy industrial goods (0.5%, stable compared with August).

In the US session Revised Consumer Sentiment data was released. The consumer sentiment index, a survey of consumers by The University of Michigan, hit 95.1 in September in a final reading Friday, which was lower than expected. Economists polled by Reuters anticipated a reading of 95.3 for the month. In August the index returned to near peak levels recorded earlier in 2017, hitting 96.8 in the final recording in August. "The resilience of consumers has again been demonstrated as concerns about the impact of the hurricanes on the national economy have quickly faded," Richard Curtin, chief economist for the Surveys of Consumers, said in a statement on Friday.

 

Monday's session will bring Italian and Spanish Manufacturing PMI data. A minor incline is anticipated. In the US session Manufacturing PMI figures will be published. Analyst predict slight decrease.

 

Figures to watch:

 

Spanish Manufacturing PMI (Monday 9:15)

Italian Manufacturing PMI (Monday 9:45)

ISM Non-Manufacturing PMI (Monday 16:00)

More in this category: « GBP/USD Daily Forecast – 02 October AUD/USD Daily Forecast – 03 October »

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