FXStreet (Guatemala) – Analysts at Rabobank noted the key events coming up today.
Key Quotes:
“In the US we have ADP employment, ever the bridesmaid to payrolls, where expectations are for a solid 200K gain. We also see Q2 unit labour costs and productivity, where consensus is for a 1.2% drop and a 2.8% climb, respectively, which would explain why we aren’t seeing any of the inflation that central banks keep thinking we are.
Then we have factory orders, expected up a solid 0.9%: are there downside risks there after the weak ISM, or will inventories keep climbing?
Lastly, we have the Fed’s Beige Book, where we all get to see what the Fed thinks it sees on the economy ahead of the September meeting (assuming that it is a reading on the economy, rather than a plunge in equities, that will be at the forefront of the Fed’s mind come the fateful day).”
(Market News Provided by FXstreet)