Forex Calendar

The US Energy Information Administration (EIA) reported Crude Oil Inventories at 2.5 million barrels for August 2026. This significantly beat the forecasted -1.5 million barrel draw. The unexpected build suggests weaker demand, potentially supporting the USD and impacting CAD pairs.

The **USD ISM Services PMI** for August 2026 was released at **54.1**, falling slightly short of the **54.5** forecast and just above the 50.0 expansion threshold. This miss suggests a moderation in economic activity. Traders should watch **USD/JPY** for potential downside pressure as yield differentials may narrow.

The U.S. Final Services PMI for August 2026 came in strong at 54.6, beating the forecast of 53.6. This indicates robust expansion in the services sector, likely supporting the U.S. Dollar and suggesting continued hawkish sentiment from the Federal Reserve. EUR/USD is a key pair to monitor.

The August 2026 ADP Non-Farm Employment Change came in at **44K**, significantly below the **68K** forecast and down from the previous **98K**. This weaker-than-expected print suggests slower job growth, potentially easing pressure on the Federal Reserve and creating a bearish bias for the **USD**. Traders should watch **USD/JPY** for potential downside.

Eurozone Producer Price Index (PPI) for August 2026 unexpectedly fell by -0.3%, a worse outcome than the forecasted -0.2% and a significant drop from the previous month's 0.2%. This indicates cooling inflation pressures at the producer level, suggesting potential headwinds for the Euro. Traders should watch **EUR/USD** for signs of bearish continuation.