05.09.2016 – Economic Calendar by Dukascopy

By | September 5, 2016

You’re watching another Dukascopy Economic Calendar. Here’s a rundown of news releases which could shake up the currency markets on Tuesday, the 6th of September.
The closely watched Swiss Second Quarter GDP is up first at 5:45 AM. Swiss economy saw very limited growth in the first quarter, following a strong point 4% gain the previous period.
German Factory Orders for July follow at 6. Orders slipped in June as some gains at home were not enough to reverse a drop in foreign orders. Moreover, orders have been disappointing for the past three months.
Swiss Consumer Price Index for August comes at 7:15. The annual CPI has been negative for almost 2 years but the July data showed some improvement and, in fact, the Index now stands at its highest level since late 2014.
Euro Zone Retail PMI for August will be available at 8:10. The Index did recover some ground in July, having plunged to 48.5 points the previous month.
The final reading of Euro Zone Second Quarter GDP is out at 9. The preliminary estimate puts the quarterly growth at point 3%, which is weaker than the point 6% gain in the first quarter.
Coming up next at 2 PM GMT is the closely watched US ISM Non-Manufacturing Index for August. The Index lost one point in July, but it remains very much in the positive territory.
Swiss National Bank Chairman Thomas Jordan will be speaking at 4:15. He will be delivering opening remarks at the Faculty of Economics in Lucerne, and this is a high importance event as it may provide some monetary policy insights.
Australian Performance of Construction Index for August is out at 11:30. The Index eased in July from the 10-month high reached the previous month.
A closely watched release for Aussie Dollar traders comes at 1:30 AM, when the Australian Second Quarter GDP is published. The first quarter data surprised very much on the upside and, all in all, Australian economy has been performing better than expected for the past 3 quarters.
And Japanese Leading Index for July concludes the schedule at 5. The Index inched slightly lower in June, contrary to the expectations of an increase.
You’ve been watching the Economic Calendar for Tuesday. I’m Sam Meredith and we’ll be back with the next overview of news releases for Wednesday. See you then.

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