Here is the key factor to keep in mind today for US Dollar trades: US NFP: The US economy managed another NFP report above 200,000. The US added 215,000 jobs in July which missed estimates for an increase of 225,000 jobs, but June’s NFP report was revised higher to show that the US economy added 231,000 jobs. Private payrolls rose by 210,000 in July, missing estimates for an increase of 212,000 and forex traders can compare this to June’s upward revised 227,000. Manufacturing payrolls rose by 15,000 in July, beating estimates for an...
Here is the key factor to keep in mind today for Euro trades: Eurozone PMI Data: Forex traders will get the last look at the Eurozone Services PMI. Economists expect today’s data show the Eurozone Services PMI for July at 53.8. This compares to the 53.8 which was reported in the previous report for July. The Italian Services PMI is expected to come in at 53.0. This compares to the 53.4 which was reported in the previous report for July. The French Services PMI is expected to come in at 52.0. This compares to the 52.0 which was reported in...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian AiG Performance of Manufacturing Index: The Australian manufacturing sector expanded in July with the AiG Performance of Manufacturing Index posting an increase to 50.4. Forex traders can compare this to the 44.2 which was reported in June. Australian Corel Logic RP House Price Index: The Corel Logic RP House Price Index rose 2.8% in June monthly. This can be compared to the 2.1% increase reported in May and together they show a solid house price index...
Here are the key factors to keep in mind today for Euro trades: German Retail Sales: Retail sales in Germany decreased by 2.3% in June monthly, but surged 5.1% annualized. Expectations called for an increase of 0.3% monthly and 4.0% annualized. The retail sales report for May was revised lower and now shows a monthly increase of 0.4% and a contraction of 1.0%. Eurozone Unemployment Rate: The labor market showed no signs of improvement in June as compared to May. The unemployment rate remained unchanged at 11.1% and missed expectations for...
Here are the key factors to keep in mind today for US Dollar trades: US GDP: Forex traders are eagerly awaiting today’s second-quarter GDP data especially after the US Fed has started to sound more hawkish about an increase in interest rates. Many believe that interest rates could rise in the US as soon as this year after Janet Yellen confirmed that the Fed remained on track to increase interest rates in 2015. Another reason why this is a much anticipated GDP report is the fact that the US economy contracted in the previous quarter by 0.2...