Cluster of Economic Data will hold volatility today, China, Europe and US data will lead market volatility
China data at 7.00am
Manufacturing PMI, previous was at 50.1, forecast is at 50.8.
Non-Manufacturing PMI, previous was at 54.4, forecast is at 55.0
At 7.30pm, Caixin Manufacturing PMI, previous was at 49.2, forecast is at 50.7.
Above data could have a positive impact on Chinese Yuan and Base metals
Eurozone data
At 12.30pm- German Prelim CPI m/m, previous was at 1.0%, forecast is at 0.5%.
At 1.45pm- Spanish Manufacturing PMI, previous was at 48.4, forecasts slightly higher at 49.1
At 2.15pm – Italian Manufacturing PMI, previous was at 50.4, forecast is slightly higher at 50.9.
At 2.20pm – French Final Manufacturing PMI, previous was at 47.9, forecast is unchanged at 47.9.
At 2.25pm- German Final Manufacturing PMI, previous was at 46.5, forecast is at 46.5.
And German Unemployment Change, previous was at -22k, forecast is at 9k.
At 2.30pm- Final Manufacturing PMI, previous was at 48.5, forecast is at 48.5.
Above data expect to have a mixed impact on Euro and bullions.
UK Data and events
Nationwide HPI m/m, previous was at -0.6%, forecast is at -0.5%.
Above data could have a neutral impact on Pound.
At 3.pm- Final Manufacturing PMI, previous was at 49.2, forecast is unchanged at 49.2.
M4 Money Supply m/m, previous was at -0.8%, forecast is at -0.9%.
Mortgage Approvals, previous was at 36k, forecast is at 37k
At 3.30pm- German Buba President Nagel Speaks.
BOE Gov Bailey Speaks at same time.
All above data will bring clutter for pound and base metals.
CANADA Data at 8:pm
Manufacturing PMI, previous was at 51.0, forecast NA
U.S. Data
At 8.15pm- Final Manufacturing PMI, previous was at 47.8, forecast is at 47.8.
At 8.30- ISM Manufacturing PMI, previous was at 47.4, forecast is at 47.9.
Construction Spending m/m, previous was at -0.4%, forecast is higher at 0.2%.
ISM Manufacturing Prices, previous was at 44.5, forecast is at 46.4.
All the above data could have a positive impact on the dollar while negative for bullion.
At 9.00pm- Crude Oil Inventories, previous was at 7.6M, forecast is at 1.7M.