Flash: Summer lull ends as event risks build for next week – BMO Capital Markets

FXstreet.com (New York) - The week starts off with end-of-summer holidays in the US and Canada on Monday – from there on, it should be an exceptionally active week in FX markets with all of the normal 1st-week-of-the-month data releases plus a host of central bank decisions, notes Greg Anderson at BMO Capital Markets.

Key quotes

“In the background are the continual re-pricing of ‘Septaper’ probabilities and geopolitical angst related to the middle east.”

The other weekend news to watch for is the release of the government’s manufacturing PMI for China on Sunday. The surprising uptick in July has the market looking for another in August. European manufacturing PMIs are out on Monday, with improvements expected. Tuesday is the release date for the US ISM, which is the one manufacturing PMI in the global round that is expected to decline after a white-hot reading in July.