This Friday, traders expect one of the most important fundamental releases - a report on the number of people employed in non-agricultural field of the US economy (Nonfarm payrolls). Based on the results of that publication, it will become even clearer how really strong the US dollar is. Given the Fed's hints last week about the imminent interest rate increase, the positive NFP data can greatly strengthen the US currency. USD, unlike many of its competitors, has a real basis for growth. However, much will depend on the economic statistics and...
Here are the key factors to keep in mind today for Euro trades: Eurozone Markit Composite PMI and Eurozone Services PMI: The final Eurozone Markit Composite PMI for October was reported at 53.9 and the final Eurozone Services PMI was reported at 54.1. Economists predicated a level of 54.0 and 54.2. Forex traders can compare this to the previous report which showed the Eurozone Markit Composite PMI at 54.0 and the Eurozone Services PMI at 54.2. The final Italy Markit Composite PMI for October was reported at 53.9 and the final Italy Services...
Here are the key factors to keep in mind today for Gold trades: Australian TD Securities Inflation: TD Securities Inflation for October was reported at 0.0% monthly and 1.8% annualized. Forex traders can compare this to TD Securities Inflation in September which rose 0.3% monthly and 1.9% annualized. Australian Building Approvals: Building Approvals for September rose 2.2% monthly and 21.4% annualized. Economists predicted an increase of 1.0% monthly and 24.1% annualized. Forex traders can compare this to Building Approvals for August...
Here are the key factors to keep in mind today for Euro trades: German GfK Consumer Confidence Index: The German GfK Consumer Confidence Index for November was reported at 9.4. Economists predicted the index at 9.4 and forex traders can compare this to the German GfK Consumer Confidence Index of 9.6 from October. German Import Price Index: The German Import Price Index for September decreased by 0.7% monthly and by 4.0% annualized. Economists predicted a decrease of 0.2% monthly and 3.5% annualized. Forex traders can compare this to the...
Here are the key factors to keep in mind today for British Pound trades: UK GDP: The UK GDP rose by 0.5% in the third-quarter on a quarterly basis and by 2.3% annualized. Economists predicted an increase of 0.6% quarterly and 2.4% annualized. Forex traders can compare this to the previous GDP report which showed an increase of 0.7% quarterly and 2.4% annualized. UK Index of Services: Index of Services was flat at 0.0% in August monthly and rose 0.9% for the tri-monthly period of August. Economists predicted an increase of 0.2% monthly and...