Have a look at this week's most expected earnings reports. Can't read or see images? [View this email in a browser]( [] [( [Client Portal]( [ Thank you for entrusting us with providing you with all the relevant forthcoming happenings during your trading week! [ [Trade now]( Economic data releases Tuesday, August 31 1:00am*: China (renminbi, or Chinese yuan, CNY¥): Manufacturing PMI Forecast: 50.2; Previous index: 50.4
The Purchasing Managers' Index measures the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment.
* Hereinafter, UTC 7:55am: Germany (Euro, EUR€): - Unemployment Change (AUG)
Forecast: -34k; Previous idex: -91k
The index measures the absolute change in the number of unemployed people in the reporting month. Although the data is seen as lagging behind, it is a vital signal of overall economic health since consumer spending is tightly correlated with labor-market conditions. - Unemployment Rate (AUG)
Forecast: 5.6%; Previous index: 5.7%
The index measures the number of people actively looking for a job as a percentage of the labour force. 8:00am: Italy (Euro, EUR€): GDP Growth Rate YoY Final (Q2) Forecast: 17.3%; Previous index: -0.7%
Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. 9:00am: Eurozone (Euro, EUR€): Core Inflation Rate YoY Flash (AUG) Forecast: 1.5%; Previous index: 0.7%
In the Euro Area, the core inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates, minus energy, food, alcohol & tobacco that experience volatile price movements. 12:30pm: Canada (the Canadian dollar, CAD$): - Growth Rate Annualized (Q2)
Forecast: 2.5%; Previous: 5.6%
The index measures the change in the inflation-adjusted value of all goods and services produced by the economy. - GDP Growth Rate QoQ (Q2)
Previous index: 1.4%
Canada's economy is diversified and highly developed. Wednesday, September 1 All Day: - OPEC Meetings
The Organization of Petroleum Exporting Countries meetings are usually held in Vienna and are attended by representatives from 15 oil-rich nations who discuss a range of issues regarding energy markets, and agree on how much oil will be produced by them. OPEC nations represent around 40% of the world's oil supply and are unified in their oil production levels, so any shifts in production can significantly impact the oil prices. - OPEC-JMMC Meetings
OPEC-Joint Ministerial Monitoring Committee meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. 1:30am: Australia (the Australian dollar, AUD$): GDP q/q Forecast: 0.6%; Previous index: 1.8%
The index measures the change in the inflation-adjusted value of all goods and services produced by the economy and is the broadest measure of economic activity and the primary gauge of the economy's health. 12:15pm: US (the US dollar, USD$): ADP Non-Farm Employment Change Forecast: 650K; Previous index: 330K
The Automatic Data Processing, Inc. Non-Farm Employment Change measures the estimated change in the number of employed people during the previous month, excluding the farming industry and government. The data provides an early look at employment growth. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. 2:00pm: US (the US dollar, USD$): ISM Manufacturing PMI (also known as Manufacturing ISM Report On Business) Forecast: 58.7; Previous index: 59.5
The Institute for Supply Management Manufacturing Purchasing Managers' Index is a leading indicator of economic health: businesses react quickly to market conditions, and their purchasing managers hold the most current and relevant insight into their view of the economy. Thursday, September 2 7:00am: Switzerland (Swiss franc, CHF): GDP Growth Rate YoY (Q2) Previous index: -0.5%
Switzerland is one of the wealthiest countries in the world. Key areas of the economy include micro-technology, hi-tech, biotechnology and pharmaceuticals, as well as banking and insurance know-how. 7:00am: Spain: (Euro, EUR€): Spanish Unemployment Change (also known as Jobless Claims, Registered Unemployment, Total Jobseekers) Previous index: -197.8k
Measures the change in the number of unemployed people during the previous month. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. 12:30pm: Canada (the Canadian dollar, CAD$): Balance of Trade (JUL) Forecast: C$1.7b; Previous index: C$3.23b
The index measures the difference in value between imported and exported goods during the reported month. Export demand and currency demand are tightly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers. Friday, September 3 12:30pm: US (the US dollar, USD$): - Average Hourly Earnings m/m
Forecast: 0.3%; Previous index: 0.4%
The index measures change in the price businesses pay for labor, excluding the farming industry. It's a leading indicator of consumer inflation: when businesses pay more for labor, the higher costs are usually passed on to the consumer. - Non-Farm Employment Change (also known as Non-Farm Payrolls, NFP, Employment Change)
Forecast: 750k; Previous index: 943k
The index measures the change in the number of employed people during the previous month, excluding the farming industry. This is vital economic data released shortly after the month ends that impacts the market. 2:00pm: US (the US dollar, USD$): ISM Services PMI Forecast: 62.2; Previous index: 64.1
The index measures the level of a diffusion index based on surveyed purchasing managers, minus the manufacturing industry. [Deposit now]( [Human score]( [Trustpilot Stars]( [number of reviews]( [Trustpilot Logo]( [( [Facebook]( [Twitter]( You have received this email because you are registered with FXOpen UK. RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk. This e-mail message is confidential and for use by the addressee only. If the message is received by anyone other than the addressee, please return the message to the sender by replying to it and then delete the message from your computer. Internet e-mails are not secure. FXOpen Ltd do not accept responsibility for changes made to this message after it was sent. Whilst all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by FXOpen Ltd in this regard and the recipient should carry out such virus and other checks as it considers appropriate. Authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 579202 Registered in England and Wales under Company Number: 07273392. Registered Office: 2nd Floor Waverley House, 7-12 Noel Street, London, United Kingdom, W1F 8GQ. Copyright © 2021 FXOpen UK, All rights reserved. Our mailing address is: FXOpen UK, 80 Coleman Street, London, EC2R 5BJ This email was sent by support@fxopen.co.uk to {EMAIL}
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