SMM9 March 1: today, focus on the data of multi-national PMI, China August xin manufacturing PMI, Germany August Markit manufacturing PMI, the United States August Markit manufacturing PMI, event, the RBA will announce the interest rate resolution, the market is generally expected to maintain the interest rate of 0.25% unchanged.
On the data side, China's August xin manufacturing PMI, is a leading indicator of economic health, and a level above 50 indicates that manufacturing expansion is good for the Australian dollar. On the contrary, below 50 indicates that China's manufacturing industry is shrinking, which is bad for the Australian dollar.
The unemployment rate in Germany after the quarterly adjustment in August, which is one of the most important economic indicators, is deeply affected by the supply and demand of the labor market and the economic cycle. The level of the unemployment rate also reflects the operation of the economy. Although seen as a lagging indicator, unemployment is an important indicator of overall economic health, as consumer spending is highly correlated with job market conditions.
The final value of Markit manufacturing PMI in Germany in August, and the final value of Markit manufacturing PMI in euro zone in August.
Consumer prices are the most important part of overall inflation in the euro zone, which did not adjust to the initial annual rate of CPI in August. Inflation is important to currency valuations because rising prices will cause the central bank to raise interest rates to control its inflation target.
The unemployment rate in the euro zone in July, which is one of the most important economic indicators, is deeply affected by the supply and demand of the labor market and the economic cycle. The level of unemployment also reflects the state of the economy. Although seen as a lagging indicator, unemployment is an important indicator of overall economic health, as consumer spending is highly correlated with job market conditions.
The final value of Markit manufacturing PMI in the United States in August is a leading indicator of the state of the economy, as companies can respond quickly to the market environment. By observing the changes in such data, foreign exchange investors judge the outlook of the US economy, which in turn affects the trend of the foreign exchange market.
ISM manufacturing PMI, in the United States in August is a leading indicator of economic health. Businesses can respond quickly to market conditions, and purchasing managers' views on the economic conditions of their companies are perhaps the most timely and relevant.
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