Here are the key factors to keep in mind today for Gold trades: New Zealand Trade Balance: New Zealand reported a trade deficit of 649 million (NZ$) in July and a trade deficit of 2,690 million (NZ$) for 2015 year-to-date. This was much worse than the trade deficit of 600 million (NZ$) monthly and 2,528 million (NZ$) year-to-date which was predicted by surveyed economists. The June trade deficit was also revised and the trade deficit is now bigger than previously thought with a monthly deficit of 194 million (NZ$) and a year-to-date deficit...
Here are the key factors to keep in mind today for Euro trades: Eurozone Current Account: The Eurozone current account surplus skyrocketed to €31.1 billion in June (not seasonally adjusted) and to €25.4 billion (seasonally adjusted). Forex traders can compare this to the current account surplus of €4.3 billion in June (not seasonally adjusted) and to €19.1 billion (seasonally adjusted). Eurozone Construction Output: The Eurozone construction sector contracted sharply in June as reported by the construction output which plunged 1.9% monthly...
Here are the key factors to keep in mind today for Euro trades: Eurozone GDP: Forex traders will receive an important second-quarter GDP report out of the Eurozone today. Economists expected an increase of 0.4% quarterly while the more significant annualized figure is expected to rise by 1.3%. Forex traders can compare this to the previous quarter’s quarterly increase of 0.4% and annualized increase of 1.0%. Before the Eurozone report, forex traders will get a chance to look at individual Eurozone members with France, Germany and Italy in...
Here are the key factors to keep in mind today for Gold trades: Australian Westpac Consumer Confidence: The Australian consumer grew a lot more confident in August and the Westpac Consumer Confidence Index rose by 7.8% to 99.5. This can be compared to the 3.2% contraction to 92.2 which was reported in July. Australian Wage Cost Index: The Wage Cost Index rose by 0.6% in the second-quarter of 2015 quarterly and 2.3% annualized. This was in line with the quarterly increase of 0.6% and the annualized increases of 2.3% economists were looking...
Here is the key factor to keep in mind today for Euro trades: Eurozone Sentix Investor Confidence Index: Forex traders will get a gauge for how confident Eurozone investors are feeling for August. Economists think the overall mood has increase and investors grew more confident in August that they were in July. The Eurozone Sentix Investor Confidence Index is expected to come in at 20.3 in August. This can be compare to the 18.5 which was reported in July. The Euro could be influenced by this report. Here are the key factors to keep in...