Headlines the Economic Calendar on Tuesday

Headlines the Economic Calendar on Tuesday

In Germany, Unemployment rate and Manufacturing PMI data will be the main release to be followed today. 

The unemployment rate is expected to come out 5.7% in July as the same as a month ago. Manufacturing PMI in June is expected to stay at 58.3. In line with or better than expected realization will point to a slight recovery in the German economy. This may also support EUR/USD.

In the UK, PMI manufacturing for July will be released and is expected to rise slightly to 54.4 from 54.3 a month ago. Any weakening in the index would be considered negative for the British economy and hurt GBP/USD.

Eurozone GDP(YoY) for the second quarter will be announced today. It is expected to rise at 1.7% compared to previous quarter according to preliminary statistics. Data in line with or better than expectations will support EUR/USD rate.

US ISM manufacturing, on the other hand, is expected to ease to 56.5 from 57.8 within the same period. A lower than expected ISM data would support the deceleration in the dollar index.

01 Aug 17 (Tue)

06:20 am



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