Forex Today: Quiet markets, focus turns to the RBA

The key event during the Asian session will be the Reserve Bank of Australia (RBA) meeting, where no change is expected in interest rates, and the final reading of Services PMIs will be released, while the Eurozone wholesale inflation and US Factory Orders data are also due.

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Relevant topic timeline:

8/27/2023

Weekly Market Outlook (28-01 September)

The upcoming events include UK Bank Holiday, Australian Retail Sales, Japan Unemployment Rate, US Consumer Confidence, US Job Openings, Australian CPI, US ADP, Japan Retail Sales, Chinese PMIs, ECB Minutes, Eurozone CPI, Eurozone Unemployment Rate, US Jobless Claims, US Core PCE, Swiss CPI, US NFP, US ISM Manufacturing PMI. The US Consumer Confidence is expected to be lower in August compared to July, while the labor market data is the top priority for the Fed and markets. The Australian CPI is expected to show further disinflation. The Chinese Manufacturing PMI is expected to tick higher, and the Eurozone CPI is expected to move lower. The US Jobless Claims are expected to increase, and the US PCE is expected to be higher. The Switzerland CPI is expected to match the prior reading, and the US NFP report is the main event of the week. The US ISM Manufacturing PMI is expected to tick higher.