Here are the key factors to keep in mind today for Gold trades: New Zealand ANZ Job Advertisements: The New Zealand labor market is trying to stabilize and according to ANZ Job Advertisements there are some early signs of a potential bottom. ANZ Job Advertisements rose by 0.1% in May month-over-month. This can be compared to the 1.3% contraction reported in April. New Zealand ANZ Consumer Confidence Index: The New Zealand consumer grew less confident in June with a 3.2% drop in the ANZ Consumer Confidence Index to 119.9. Forex traders can...
Here are the key factors to keep in mind today for US Dollar trades: US CPI: Forex traders will get a very important fundamental report today with the release of the CPI report for May. Economists expect that the US will exit its deflationary reading from the previous month. The CPI is called higher by 0.5% for May monthly and 0.1% annualized. Forex traders can compare this with the 0.1% increase reported in April monthly and the 0.2% contraction annualized. The core CPI, which is the CPI excluding the volatile food and energy sector, is...
Here are the key factors to keep in mind today for US Dollar trades: US Empire Manufacturing Index: Forex traders will get a snapshot at the US New York Federal Reserve manufacturing region with the release of the Empire Manufacturing Index. This is a solid report and the second most import regional report about the US manufacturing sector behind the Chicago PMI. Economists expected the Empire Manufacturing Index to show an increase to 6.00 in June which would be a solid increase from the 3.09 which was reported in May. Regional...
Here is the key factor to keep in mind today for Euro trades: Eurozone Industrial Production: The only economic report which is scheduled for release out of the Eurozone today is expected to move the Euro. Economists expected a mixed report on Eurozone industrial production for April as compare to March. Eurozone industrial production contracted by 0.3% in March monthly, but rose 1.8% if compared to the same time in the previous year. Expectations for April call for a monthly increase of 0.4%, but for a slowdown in the annualized figure to...
Here are the key factors to keep in mind today for British Pound trades: British Industrial Production and British Manufacturing Production: Forex trader will receive an important economic report today about the health of the industrial as well we manufacturing sector in the UK. Economists expect an increase of 0.1% in industrial production for April monthly and an annualized increase of 0.6%. This can be compared to the 0.5% increase reported in in industrial production which was reported in March and the annualized increase of 0.7%....