- Analytics
- Market Opportunities
Market Opportunities : Week 29-08-2022 - 02-09-2022
USDCNH: China’s Manufacturing Purchasing Managers Index report for August is an important event for forex markets due August 31. The performance of China’s economy is used as a gauge of the shape of global economy as China supplies manufactured goods to several countries of the world. There is a possibility the Manufacturing PMI report may show weaker performance than expected which will be bullish for USDCNH.
USDIDX: United States Nonfarm Payrolls report on September 2 is the key economic event of the August 29 – September 2 week. The August Nonfarm Payrolls will indicate whether the US labor market is remains strong after rate hikes, and will help markets anticipate Federal Reserve’s decision on further rate hike at ita next meeting in September. Strong non-farm payrolls report will be bullish for USDIDX.
USDIDX: United States Nonfarm Payrolls report on September 2 is the key economic event of the August 29 – September 2 week. The August Nonfarm Payrolls will indicate whether the US labor market is remains strong after rate hikes, and will help markets anticipate Federal Reserve’s decision on further rate hike at ita next meeting in September. Strong non-farm payrolls report will be bullish for USDIDX.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-08-29 | AUD | Australia Retail Sales m/m | 0.2% | 0.2% |
| 2022-08-30 | USD | United States JOLTS Job Openings | 10.646 M | 10.698 M |
| 2022-08-30 | USD | The Conference Board United States Consumer Confidence Index | 97.1 | 95.7 |
| 2022-08-31 | JPY | Japan Retail Sales m/m | -0.5% | -1.4% |
| 2022-08-31 | CNY | China Manufacturing Purchasing Managers Index (PMI) | 49.3 | 49.0 |
| 2022-08-31 | CNY | China Non-Manufacturing Purchasing Managers Index (PMI) | 52.2 | 53.8 |
| 2022-08-31 | CNY | China Composite Purchasing Managers Index (PMI) | 52.5 | |
| 2022-08-31 | EUR | France Gross Domestic Product (GDP) q/q | 0.5% | 0.5% |
| 2022-08-31 | INR | India Gross Domestic Product (GDP) y/y | 2.5% | 4.1% |
| 2022-08-31 | USD | ADP United States Nonfarm Employment Change | -263 K | 128 K |
| 2022-08-31 | CAD | Canada Gross Domestic Product (GDP) m/m | 0.0% | 0.0% |
| 2022-08-31 | USD | EIA United States Crude Oil Stocks Change | ||
| 2022-09-01 | KRW | South Korea Gross Domestic Product (GDP) q/q | 0.7% | 0.7% |
| 2022-09-01 | BRL | Brazil Gross Domestic Product (GDP) q/q | 0.2% | 1.0% |
| 2022-09-01 | USD | ISM United States Manufacturing Purchasing Managers Index (PMI) | 52.9 | 52.8 |
| 2022-09-02 | USD | United States Nonfarm Payrolls | 156 K | 528 K |
