Euro May Fall on ECB Minutes, Jackson Hole and Eurozone PMIs

The Euro may fall against the US Dollar if ECB minutes carry ultra-dovish undertones and commentary from Jackson Hole spooks markets against the backdrop of Eurozone PMI data.
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Crude Oil Price Correction Stalls Ahead of Monthly-High

The failed attempt to test the monthly-high ($57.99) raises the risk for a further decline in the price of oil as crude tracks the downward trend from earlier this year.
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Gold Prices Hint at Topping Before Jackson Hole Symposium

Gold prices may form a top if bearish technical cues find follow-through as all eyes turn to a speech by Fed Chair Powell at the Jackson Hole symposium.
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*Japan Jun All Industry Activity -0.3% On Year Vs. 0.1% In May

Japan Jun All Industry Activity -0.3% On Year Vs. 0.1% In May

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141882/

*Japan Jun All Industry Activity -0.8% On Month Vs. 0.5% In May, Consensus -0.8%

Japan Jun All Industry Activity -0.8% On Month Vs. 0.5% In May, Consensus -0.8%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141881/

European Economics Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey data from euro area is due on Thursday, headlining a light day for the European economic news.

At 2.30 am ET, the Federal Statistical Office is scheduled to publish Swiss industrial output figures for the second quarter.

At 3.15 am ET, IHS Markit releases France's composite PMI results. Economists forecast the composite PMI to remain unchanged at 51.9 in August.

At 3.30 am ET, Germany's flash PMI report is due. The composite index is seen at 50.6 in August versus 50.9 in July.

Half an hour later, IHS Markit is set to issue Eurozone composite PMI data. The index is expected to fall to 51.2 in August from 51.5 in July.

At 6.00 am ET, the Confederation of British Industry is set to release quarterly Distributive Trades survey. The reported sales balance is forecast to rise to -15 percent in August from -16 percent in July.

At 7.30 am ET, the European Central Bank is slated to publish the accounts of the monetary policy meeting of the Governing Council held on July 24 and 25.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141880/

Japan's Private Sector Expands Most In 8 Months

Japan's private sector grew at the fastest pace in eight months in August driven by services activity, survey results from IHS Markit showed Thursday.

The Jibun Bank flash composite output index rose to 51.7 in August from 50.6 in July. A score above 50 indicates expansion.

The services Purchasing Managers' Index climbed to 53.4 from 51.8 in the previous month. This was the highest score since October 2017.

Meanwhile, the manufacturing sector continued to contract. The corresponding PMI came in at 49.5 in August versus 49.4 a month ago.

Joe Hayes, an economist at IHS Markit said, preliminary data give plenty of promise that the solid growth trend seen in the GDP outturns so far this year could indeed stretch into the third quarter, providing a timely boost before the fourth quarter, which is likely to be adversely impacted by the consequences of the sales tax hike.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2141879/