Yesterday we received manufacturing PMI data which exceeded the expectations: 49.5 against 46.2. The British pound improved its positions significantly.
This morning Australian current account balance for the second quarter was disclosed. It made up -11.8 bn against forecasted -12.3 bn.
At 11:00 (GMT+3) Halifax house price index will be released. The analysts expect 0.3% growth against 0.6% fall in July.
At 12:30 (GMT +3) we will get construction PMI for August. The forecast is 50.1 against 50.9 in July. At 18:00 (GMT +3) the USA will publish ISM manufacturing index for August (the experts anticipate 50.1 against 49.8 in July). Thus, the dynamics is still positive.
Technically, after overcoming 1.5915, the next targets will be 1.5850 and 1.5984.
