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USD - Major events in the week ahead

Friday, Sep 08 2017
USD - Major events in the week ahead

Events that marked the week:

On Wednesday Trade Balance and ISM Non-Manufacturing PMI data was published. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.

Economic activity in the non-manufacturing sector grew in August for the 92nd consecutive month, say the nation’smpurchasing and supply executives in the latest NonManufacturing ISM® Report On Business®. The NMI® registered 55.3 percent. This represents continued growth in the non-manufacturing sector at a faster rate. The NonManufacturing Business Activity Index increased to 57.5 percent, 1.6 percentage points higher than the July reading of 55.9 percent, reflecting growth for the 97th consecutive month, at a faster rate in August.

 

Thursday brought Unemployment Claims data. U.S. jobless claims surged last week by the most since November 2012 as tens of thousands of Texans displaced by Hurricane Harvey filed applications to collect benefits, according to Labor Department figures Thursday. Initial jobless claims increased by 62k to seasonally adjusted 298,000. Applications filed in Texas surged by an unadjusted 51,637 from the previous week to 63,742. Continuing claims in U.S. fell by 5k to 1.94m in week ended Aug. 26.

 

This week markets will be looking at:

 

PPI (Wednesday 14:30)

CPI (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

Retail Sales (Friday 14:30)

Empire State Manufacturing Index (Friday 14:30)

Industrial Production (Friday 15:15)

Prelim UoM Consumer Sentiment (Friday 16:00)

More in this category: « UK Industrial Production grew by 0.2% China's CPI up more than expected »

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