Headlines the Economic Calendar on Wednesday

Headlines the Economic Calendar on Wednesday

1.Service PMI Numbers

We will focus on reports on activity in the service sector today.

German Service PMI will be announced and it is expected to be 56.7 while Eurozone Service PMI is expected to come out at 55.1.

On the other hand, US Service PMI for July is expected to be at 56.6

2. ADP Non-Farm Employment Change

We will closely follow the release of ADP measure of private-sector employment for November. The ADP data is expected to rise by 1.500K last month, down from a gain of 2.360K in July. A higher than expected reading should be taken as positive for the US Dollar.

3. US ISM Non-Manufacturing PMI 

US ISM Non-Manufacturing PMI for July is expected to ease to 55.0 from 57.1 in the previous month. 

4. Crude Oil Inventories

Crude oil stocks today to be published in the U.S and it is expected to fall to -3.267M this week. If we look at last week data; oil stocks dropped by -10.612M barrels. It will be important for oil prices. 

05 Aug 20 (Wed)

06:19 am



Never miss a winning trading opportunity.
Join OneBillionSignals now!

Never miss a winning trading opportunity.
Join OneBillionSignals now!

Download OBS Application Download OBS Application Now Sign Up
 

Risk Warning

Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.

Privacy Policy | Terms of Use

© 2024 One Billion Signals All Rights Reserved