The new week, which is marked in the calendar of this year 2023 as the 36th in a row, is unfolding in its beginning within the forex operations of the foreign exchange market in the sign of a business trend strengthening the single European currency euro (EUR) against the US dollar (USD), but after the previous decline. Currently, during the European Monday morning on 09/04/2023, at approximately 9:01 CET, this global currency pair EUR/USD was trading at a mutual exchange rate of 1.079 USD per EUR with the daily strengthening of the EUR by + 0.07 so far % exchange rate against USD,
Investors, traders and other financial market participants expect the following events in this 36th week of 2023:
Non-manufacturing Purchasing Managers’ Index (PMI) in the EU and USA – monthly
The Services PMI reflects activity in the services sector in the reporting month. The indicator is based on a survey of representatives of more than 600 companies for the EU and more than 300 companies for the USA. Values above 50 can have a positive effect on EUR and USD quotes. The data for this index will be published: for the EU on Tuesday 09/05/2023 at 10:00 CET. No change is expected compared to the previous results (48.7 points). For the USA on Wednesday 06/09/2023 at 16:00 CET. Its value is expected to drop from the current 52.7 to 52.5 points.
Index of producer prices in the EU – monthly
These data are showing changes in the prices of finished goods and services sold by manufacturers. This is a leading indicator of consumer inflation – when producers charge more for their goods and services, higher costs are usually passed on to consumers. This data will be published on Tuesday 09/05/2023 at 11:00 CET and is expected to be down 0.5% compared to past results.
Gross Domestic Product (GDP) in Australia – Quarterly
This data is a measure of the total value of goods and services produced in a country. GDP is the most comprehensive indicator of economic performance and provides key insight into the driving forces of the economy. This data will be published on Wednesday 06/09/2023 at 03:30 CET. According to economic correspondents following economic analysts, GDP growth of 0.3% compared to the previous quarter is expected.
Retail sales in the EU – monthly
Retail sales reflect the change in UK retail pay in the month under review compared to the previous month. The calculation is adjusted for inflation. The index is often called an indicator of consumer spending and allows for an assessment of inflation in the country. The growth of the indicator can have a positive effect on quotations in euros. The information will be published on Wednesday 06/09/2023 at 11:00 CET and is expected to decrease by 0.1% compared to last month.
Unemployment in Canada – monthly
The unemployment rate shows the number of unemployed people as a percentage of the working-age population. The calculation is done monthly. The unemployed are defined as persons between the ages of 15 and 74 who are not currently employed, although they are available for work and actively looking for it. The growth of the indicator may have a negative effect on quotes in dollars. The index value will be published on Friday 09/08/2023 at 14:30 CET. A slight increase from 5.5% to 5.6% is expected.