Sep 6 – Economic Events Outlook – ADP Non-Farm Employment Change In Focus

Just like Tuesday, the market is likely to remain volatile today on the back of the Canadian trade balance, and monetary policy event as well as the UK’s services PMI. Take a look…

Watchlist – Key Economic Events Today

USD – ADP Non-Farm Employment Change
The Automatic Data Processing, Inc. will be releasing the ADP Non-Farm Employment Change at 13:15 (GMT). It’s an estimated change in the number of employed people during the previous month, excluding the farming industry and government. In April, ADP reported a robust gain of 219k jobs while a lower gain of 188k jobs is predicted for September.

USD – ISM Non-Manufacturing PMI
Throughout the second quarter of 2018, the US services PMI figure has remained quite mixed. In August, the figure surprised the market with a massive drop from 59.1 to 55.7 to drive an amazing fluctuation in the market. Anyway, the services PMI is expected to rise from 55.7 to 57 to keep the dollar supported.  Follow FX Leaders economic calendar for the live coverage of ISM non-manufacturing PMI.

USD – Crude Oil Inventories
Today at 16:00 (GMT), the Energy Information Administration is due to release the stockpile report. For your information, it shows a change in the number of barrels of crude oil held in inventory by commercial firms during the past week. Economists are expecting a draw of -2.2M in crude oil inventories which is a sort of bullish figure when compared with -1.200M draw reported by American Petroleum Institue.

Well, that’s for now, stay tuned to FX Leaders economic calendar for real-time coverage of news and trade levels.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Ethereum Price Prediction Soars—$265M Liquidated, ETH Hits $2,331

2 hours ago

Save

Silver Eyes $33.24 Breakout as U.S.-China Trade Talks Heat Up

6 hours ago

Save

Oil Prices Eye $62 as U.S.-China Tariff Talks Boost Sentiment

6 hours ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments