4th May to 8th May 2020
• EUR Markit manufacturing PMI The Manufacturing Purchasing Managers Index (PMI) released by the Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Germany. Normally, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish • EUR unemployment change • USD ISM non-manufacturing PMI The Unemployment Survey released by the Spanish Government shows the number of unemployed workers added during the previous month. It is a leading indicator for the Spanish economy. If the number is negative, it indicates an expansion within the labor market. An increase in the figure is seen as negative (or bearish) for the Euro, while an decrease is seen as positive (or bullish) The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD • USD-ADP Employment change • Bank of japan monetary policy meeting minutes The Employment Change released by the Automatic Data Processing, Inc, Inc is a measure of the change in the number of employed people in the US. Generally speaking, a rise in this indicator has positive implications for consumer spending, stimulating economic growth. So a high reading is traditionally seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish • GBP BoE Asset Purchase Facility(May) • GBP-Monetary Policy Summary • GBP-Bank of England Minutes • EUR-Industrial Production s.a. (MoM)(Mar) • USD- Initial Jobless Claims • USD Non Farm payrolls • USD Unemployment rate Monday
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