Germany Manufacturing Purchasing Managers Index (PMI)
WHEN: WHAT IT INFLUENCES:
23rd August 2021 EUR and its subsequent
pairs
WHAT’S HAPPENING:
The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
U.S. New Home Sales
WHEN: WHAT IT INFLUENCES:
24th August 2021 USD and its subsequent
pairs
WHAT’S HAPPENING:
New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it’s released ahead of Existing Home Sales because the reports are tightly correlated.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Australia Retail Sales MoM
WHEN: WHAT IT INFLUENCES:
26th August 2021 AUD and its subsequent
pairs
WHAT’S HAPPENING:
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
