Daily digest market movers: Gold price traders await busy US economic calendar
- ISM Manufacturing PMI for August improved from 46.8 to 47.2, below estimates of 47.5.
- July’s JOLTS job openings are expected at 8.10 million, down from 8.184 million in June.
- Private hiring, revealed by the ADP National Employment Change report, is foreseen increasing from 122K in July to 150K in August.
- August’s NFP figures are expected to rise from 114K to 163K, while the Unemployment Rate could dip, according to the consensus, from 4.3% to 4.2%.
- December 2024 Chicago Board of Trade (CBOT) fed funds future rates contract hints that investors are eyeing 98 basis points of Fed easing this year.
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