Below is a quick look at today’s economic calendar. It’s a busy day across the sessions today.
For Asia-Pac, we have trade data due to NZ, as well as flash PMI data for Australia and Japan. After the recent RBA meeting as well as the growing speculation of potential hikes from the BoJ, today’s PMI data could be interesting.
For the EU session, the focus will fall on the flash PMI data due for Germany and France, quickly followed by the UK data. As usual, it’ll be worthwhile looking for any stark contrasts between the EU and UK data for possible short-term volatility in pairs like the EURGBP.
For the US session, the initial focus will be on the latest batch of claims data, followed by the Philly Fed business index, and then the Flash PMI data for the US in focus after that.
When it comes to the US data, I doubt whether markets will want to react too strongly to the data ahead of Jackson Hole. However, after the NFP revisions, markets will be paying close attention to any huge spikes higher in the claims data if we should get any.
Good luck out there!
This article was written by Arno V Venter at investinglive.com.