Welcome and good morning thank you for joining us for Tuesday’s daily market report brought to you by anyoption.

U.S manufacturing sector expand in the second quarter signaling a returning momentum.

Despite the disruptive nature of several global events the NAB monthly survey should support from above average conditions in non-mining sectors.

According to estimates Britain’s manufacturing PMI has reached a three-year bottom in July.

Traders should expect medium to no volatility of the AUD/USD pair as the level of a diffusion index based on survey businesses in Australia will be released today.

The pound is supposed to find support in the projected increase of the change in the total inflation adjusted value of output produced by manufacturers in the UK.

The annualized change in labor efficiency when producing goods and services in the U.S is supposed to support dollar games against the Yen.

The dollar is expected to head lower against the euro as the annualized change in the price businesses pay for labor excluding the farming industry is projected to decrease.