Here are the key factors to keep in mind today for British Pound trades: UK CPI: Economists expect a slowdown in consumer inflation for June. The CPI is expected to only rise 0.1% monthly and come in flat year-over-year. This can be compared to the 0.2% increase which was reported in May and the annualized increase of 0.1%. The core CPI is expected to increase by 0.9% in June year-over-year which would match the 0.9% increase which was reported in May. UK RPI: The RPI is expected to increase by 0.1% in June month-over-month and 1.0% year-...
Here are the key factors to keep in mind today for British Pound trades: UK Trade Data: Forex traders will get a look at the UK’s trade deficit for May. This is going to have an impact on the British Pound which has been under an increase in selling pressure. Economists expected the UK to report a trade deficit of £2,150 million in May which would have been above the trade deficit of £1,834 million which was reported in April. The released trade deficit came in at £393 billion which send the British Pound into rally mode. The non-EU trade...
Here are the key factors to keep in mind today for Gold trades: UK BRC Shop Price Index: British shoppers have further cut their appetite to spend money as the BRC Shop Price Index contracted 1.3% in June year-over-year. This follows the 1.9% contraction which was reported in May and offers a bearish sign for the British Pound. Japanese Bank Lending Banks: Japanese banks continued to lend to each other with intra-bank lending excluding trusts at 2.6% in June. Economists expected an increase of 2.5% which can be compared to the 2.7%...
Here are the key factors to keep in mind today for Euro trades: German Factory Orders: German factory orders contracted by 0.2% in May monthly, but posted an annualized increase of 4.7%. Expectations called for a monthly contraction of 0.4% and an annualized increase of 3.8%. Forex traders can compare this to the 2.2% increase reported in April and the annualized increase of 1.3%. German Markit Construction PMI: The German construction sector showed little change as the Markit Construction PMI was reported at 50.7 for June. This was...
Here are the key factors to keep in mind today for Euro trades: Eurozone Retail Sales: Consumers in the Eurozone may have drastically slowed down their appetite for shopping in May. Economists expect an increase of 0.1% in the month of May. Year-over-year retail sales are expected to increase by 2.3%. Forex traders can compare this to the 0.7% increase which was reported in April when retail sales posted an annualized increase of 2.2%. A slowdown in retail sales could have a bearish impact on the Euro during today’s trading session....