Here is the key factor to keep in mind today for Euro trades: Eurozone: The ZEW Economic Sentiment for October was reported at 30.1. Forex traders can compare this to the 33.3 which was reported in September. The ZEW Economic Sentiment out of Germany was reported at 1.9 and the ZEW Current Situation plunged to 55.2. Forex traders can compare this to September’s ZEW Economic Sentiment of 12.1 and ZEW Current Situation of 67.5. Economists predicted the ZEW Current Situation at 6.5 and the ZEW Current Situation at 64.0. Here are the key...
Here are the key factors to keep in mind today for US Dollar trades: US Import Price Index: The Import Price Index is expected to decrease by 0.5% in September monthly and by 11.2% annualized. Forex traders can compare this to the 1.8% contraction which was reported in the Import Price Index for August monthly and 11.4% annualized. The persistent deflationary pressures in the US economy have kept the US Fed from increasing interest rates. Inflation in the US is unlikely to pick-up and the deflation will keep the central bank from raising...
Here are the key factors to keep in mind today for Gold trades: Australian AiG Performance of Construction Index: The AiG Performance of Construction Index was reported at 51.9 for September. Forex traders can compare this to the 53.8 which was reported in August. British BRC Shop Price Index: The BRC Shop Price Index plunged 1.9% in September annualized which forex traders can compare to the 1.4% drop reported in August. Japanese Official Reserve Assets: Official Reserve Assets in Japan rose to $1,248.9 billion in September. Forex...
Here are the key factors to keep in mind today for Euro trades: Eurozone PMI: Today’s Eurozone Composite PMI is expected to come in at 53.9 and the Eurozone Services PMI is expected to come in at 54.0. This is the final figure for September. Forex traders can compare this to the prior report which showed the Eurozone Composite PMI at 53.9 and the Eurozone Services PMI at 54.0. The Italian Composite PMI is expected at 55.0 and the Italian Services PMI is expected at 54.1. Forex traders can compare this to the prior report which showed the...
Here is the key factor to keep in mind today for Euro trades: Eurozone PPI: The Eurozone PPI for August is expected to decrease by 0.6% monthly and 2.4% annualized. Forex traders can compare this to the decrease of 0.1% monthly and 2.1% annualized which was reported in July. The ECB is facing deflation while it is trying to stimulate the bond market with monthly purchases. This combination can lead to a great deal of fiscal as well as economic problems in the long-term and the sooner the ECB can realize this the better it would be the for...