Here are the key factors to keep in mind today for Gold trades: Japanese GDP: Traders received the revised GDP report for the first-quarter today and it came in much better than the original report. Economists expected a quarterly upward revision to 0.7% and an annualized upward revision to 2.8%. The original report showed a quarterly increase of 0.6% and an annualized increase of 2.4%. Today’s GDP report showed an upward revision to a quarterly expansion in the GDP of 1.0% and annualized growth rate of 3.9%. Private consumption remained...
Here are the key factors to keep in mind today for US Dollar trades: US NFP Report: The first Friday of each trading month, as always, the US will release its awaited non-farm payroll report. Economists expected roughly the same for May as they did in April. The US economy is predicted to add 227,000 jobs in May or 4,000 more than the 223,000 job addition reported in April. The unemployment rate is expected to remain unchanged at 5.4%. Private payrolls are expected to increase by 220,000 jobs which would be 7,000 more than then 213,000...
Here are the key factors to keep in mind today for Euro trades: Eurozone PMI Report: Forex traders will get the final look at the May PMI data out of the Eurozone. Economists expect the Eurozone Composite PMI to remain unchanged at 53.4 and the Eurozone Services PMI to remain unchanged at 53.3. Forex traders may want to pay more attention to the individual releases by France, Germany and Italy which could show fluctuations and therefore impact the final levels in the overall Eurozone report. Eurozone Unemployment Rate: Some good news out...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian AiG Performance of Manufacturing Index: The Australian manufacturing sector rebounded in May as the AiG Performance of Manufacturing Index rose to 52.3. Forex traders can compare this to the 48.0 which was reported in April. A level above 50.0 points towards expansion in the sector whiles a level below 50.0 points towards contraction. Australian TD Securities Inflation: Inflation as measured by TD Securities remained unchanged in May as compared to...
Here are the key factors to keep in mind today for US Dollar trades: US GDP: Forex traders will get a second look at the first-quarter GDP out of the US, but economists expect an even weaker report than the previous one. First-quarter GDP is expected to show a contraction of 0.1% in the first-quarter of 2015 and an annualized contraction of 0.9%. This can be compared to the previous GDP report which showed a first-quarter contraction of 0.1%, but an annualized increase of 0.2%. US NAPM-Milwaukee Index: The NAPM-Milwaukee Index is expected...