Here are the key factors to keep in mind today for Euro trades: German Trade Balance: Germany reported a trade surplus of €22.8 billion for July which was below economists predictions for a trade surplus of €23.5 billion. Forex traders can compare this to the trade surplus of €24.1 billion which was reported in June. German exports surged by 2.4% in July monthly and German imports rose by 2.2%. This was well above predictions for an increase in German exports of only 1.0% and German imports of only 0.7%. German exports in June were revised...
Here is the key factor to keep in mind today for Australian Dollar trades: Australian GDP: Forex traders received the second-quarter GDP this morning which showed that the Australian economy expanded by 0.2% quarterly and 2.0% annualized. The RBA did mentioned in its latest minutes, for the meeting before the one earlier this week that GDP is likely to be slightly lower than previously expected as a result of the global cool down. Forex traders can compare this with the previous GDP report which showed a quarterly increase of 0.9% and an...
Here are the key factors to keep in mind today for US Dollar trades: US ISM Milwaukee: Forex traders will get a dose of regional economic reports today, starting with the ISM Milwaukee Index for August. Economists predict a stronger ISM Milwaukee Index of 50.00 and forex traders can compare this with the 47.12 which was reported in July. Despite the expected increase, the Milwaukee ISM Index would point towards a stagnant economy in the region which is a bearish signal for the US Dollar. US Chicago PMI: The next regional report is the...
Here are the key factors to keep in mind today for Euro trades: Eurozone Confidence Data: Forex traders will receive key confidence data out of the Eurozone today. Economists expected Eurozone Services Confidence to come in at 8.8, down 0.1 point in August from July where it stood at 8.9. Eurozone Industrial Confidence is expected to come in at -3.2, down 0.3 points in August from July where it stood at -2.9. Eurozone Economic Confidence is expected to come in at 103.8, down 0.2 points in August from July where it stood at 104.0. Eurozone...
Here is the key factor to keep in mind today for Australian Dollar trades: Australian Private Capital Expenditure: The Australian consumer has drastically cut consumption as evident in the Private Capital Expenditure data for the second-quarter. Economists were looking for a contraction of 2.5%, but the released report showed a contraction of 4.0%. The first-quarter was revised and now shows a much bigger contraction of 4.7%. This combines to a terrible first-half of 2015 for the consumer which is likely to be reflected in GDP data. Here...