Here is the key factor to keep in mind today for US Dollar trades: US Leading Indicators: Leading indicators rose by only 0.1% in August which delivered yet another economic disappointment. Economists predicted an increase of 0.2% and forex traders can compare this to the 0.2% contraction which was released in July. The summer has been extremely unfriendly to the US. The majority of economic reports show a much weaker economy or an economy which is contracting. Leading indicators points towards a mild contraction over the past two months....
Here are the key factors to keep in mind today for US Dollar trades: US Building Permits & Housing Starts: Building permits are expected to increase by 2.2% in August monthly. This would equal 1.135 million building permits issued. Forex traders can compare this to the decrease of 15.5% in July monthly when building permits totaled 1.130 million. Housing starts are expected to decrease by 3.0% in August monthly. This would equal 1.170 million housing starts for the month. Forex traders can compare this to the increase of 0.2% in July...
Here are the key factors to keep in mind today for British Pound trades: UK CPI: The CPI for August is expected to increase by 0.2% monthly, but to remain flat annualized. Forex traders can compare this to the contraction of 0.2% monthly which was reported in July and the annualized increase of 0.1%. The core CPI is expected to increase by 1.0% annualized which can be compared to July's increase of 1.2%. UK PPI: The PPI Input for August is expected to plunge by 2.4% monthly and 13.6% annualized. Forex traders can compare this to the drop...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian Credit Card Purchases & Balances: Australian credit card purchases fell to AUD24.7 billion in July and credit card balanced decreased to AUD50.5 billion. Forex traders can compare this to June's credit card purchases of AUD25.5 billion and the downward revised credit card balances of AUD51.4 billion. The Australian consumer tries to contribute to a positive GDP figure, but shows first signs of weakness. Here are the key factors to keep in mind...
Here are the key factors to keep in mind today for British Pound trades: UK Industrial Production & Manufacturing Production: Forex traders received some key economic data out of the UK which had an impact on the British Pound. Industrial production fell by 0.4% in July monthly which surprised economists who were predicting an increase of 0.1%. The 0.4% contraction equaled the contraction which was released in June and overall paints a bearish picture of the UK economy. Annualized industrial production rose by only 0.8% or almost half...