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Wednesday September 4, 2013 - 20:53:13 GMT
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EZ/UK Service PMIs mixed. U.S. Service PMI due. Syria uncertain
|EZ/UK Service PMIs mixed. U.S. Service PMI due. Syria uncertain|
5 September 2013 00:00 gmt
CALENDAR: JP- GDP, BOJ Decision, AU- Trade..Europe: DE- Factory Orders, GB- BOE, EZ- ECB. North America: US- Challenger Layoffs, ADP Private Jobs, Weekly Jobless, Productivity, Service PMI, Factory Orders, Natural Gas, Weekly Crude
- HIGH IMPACT ITEMS: JP- GDP, BOJ, DE- Factory Orders, GB- BOE, EZ- ECB, US- ADP Private Jobs, Weekly Jobless, Productivity, Service PMI
- Revisions to European Service PMI reports were split, but still signal an improving economic performances. The U.K. Services PMI was stronger than expected again and reinforced other data pointing to growth. See the FOREX FORUM for latest key data and charts.
- The Syrian situation just does not go away as the U.S. administration works to gain political support for some sort of action against the Assad regime.The government is split on what actions should be taken for assorted of reasons, Republican and Democrat leadership endorse action.
- The Bank of Canada kept rates steady as expected. U.K. and the ECB Central Bank decisions Thursday.. Friday sees U.S. employment data. Thursday and Friday are Jewish holidays which could limit dealer participation. On Saturday Australia holds national elections.
- For additional key items and more detail (dates, times, data estimates), be sure to reference our Economic Calendar and see the FOREX FORUM for latest key data and charts as they are released.
||JGB 0.78% +3bp
||Asia Close Mixed|
||Bund 1.94% -1bp
||U.S. 2.90% +5bp
||North America: Higher|
FX Trade Talk: What's moving markets-- Commentary, data. and data charts posted continuously on FOREX FORUM
John M. Bland, an author and a founding partner of Global-View.com, has been a corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service.. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
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