Here are the key factors to keep in mind today for Euro trades: German Retail Sales: Retail sales in Germany are expected to increase by 0.2% in August monthly and 3.3% annualized. Forex traders can compare this to July’s increase of 1.6% and 3.3%. German Unemployment Change: The German Unemployment Change for September is expected to show 5,000 losses and an unemployment rate of 6.4%. Forex traders can compare this to August’s losses of 7,000 and unemployment rate of 6.4%. Italian Unemployment Rate: The Italian Unemployment Rate for...
Here are the key factors to keep in mind today for Gold trades: Chinese Industrial Profits: Industrial profits in China slumped by 8.8% in August annualized. Forex traders can compare this to the decrease of 2.9% which was reported in June. China has provided plenty of economic reports which show a much bigger slowdown in their economy which has contributed to the collapse in commodity prices. This has applied bearish pressures on the likes of the Australian Dollar, the New Zealand Dollar and the Canadian Dollar which are all dependent on...
Here is the key factor to keep in mind today for Euro trades: Eurozone M3 Money Supply: The Eurozone increase its M3 money supply in August, but by a smaller amount as expected. The M3 Money Supply rose by 5.0% in the three month period ending August and 4.8% annualized. Forex traders can compare this to July where M3 Money Supply rose by 5.1% in the three month period and 5.3% annualized. Economists predicted an increase of 5.2% for the three month period ending August and 5.3% annualized. The Euro sold-off after a brief rally. Here are...
Here are the key factors to keep in mind today for Euro trades: German Gfk Consumer Confidence: German Gfk Consumer Confidence is expected at 9.8 for October. Forex traders can compare this to September’s German Gfk Consumer Confidence which was reported at 9.9. While this is only a minor decrease, forex traders should monitor this data over the next few months to see if a trend is developing. German IFO Report: The German IFO Business Climate for September is expected at 107.9. Forex traders can compare this to the 108.3 which was...
Here are the key factors to keep in mind today for New Zealand Dollar trades: New Zealand Westpac Consumer Confidence Index: The Westpac Consumer Confidence Index for the third-quarter showed a decrease to 106.0. This was a troubling sign and forex traders can compare this to the second-quarter Westpac Consumer Confidence Index level of 113.0. A contraction in consumer confidence could spill over into a decrease in consumer spending. The New Zealand economy cannot afford a weak domestic economy as the country already suffers from the...