US ISM manufacturing amongst market movers today – Danske Bank
|Analysts at Danske Bank suggest that markets focus today is likely to remain on risk sentiment after sharp moves in equities and currencies overnight, with main calendar events being US ISM manufacturing and the Norwegian unemployment rate.
Key Quotes
“In the US, ISM manufacturing is expected to fall back slightly to 57.5, still indicating strong growth in the US economy. Trade tensions have yet to show a significant impact on the US economy, however early signs may have emerged already after the lower Apple sales estimates were attributed mainly to lower Chinese purchases.”
“In Norway, we expect the jobless rate to land at 4.0%.”
“We also get Danish FX reserves today, which may very well indicate an end to the 20-month streak with no intervention.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.