FXStreet (Barcelona) – The BNZ Team previews the key data releases and events ahead in the US – ISM Manufacturing, Payrolls, and Fed Bullard Speech.
Key Quotes
“The two monthly iconic releases – ISM Manufacturing and Payrolls – will hold the market’s focus, the ISM Manufacturing report out Wednesday and Payrolls Thursday, a day earlier than usual owing to the Friday holiday for Independence Day. The market consensus is tipping an unchanged reading for the ISM at 53.0 (L: 52.8). For Payrolls, growth of 223K is the consensus, down from a stronger 280K growth in May that also came with a somewhat surprising tick back up in the unemployment rate to 5.5% from 5.4%. A decline back to 5.4% is tipped for this report. (The unemployment rate is separately surveyed in the household survey that also measures the participation rate.)”
“Also out in the US this week is Pending Home Sales and the Dallas Fed Manufacturing index (Monday), the Chicago PMI and Milwaukee’s ISM, and Conference Board consumer confidence (Tuesday), ADP Employment (Wednesday) and Factory Orders (Thursday).”
“There is only one Fed speaker this week, James Bullard (nv, neutral to hawkish), speaking on the economy on Wednesday.”
(Market News Provided by FXstreet)