Here are the key factors to keep in mind today for Gold trades: Bank of Japan Minutes: During the Asian morning session the Bank of Japan released minutes from its last policy meeting which took place on April 30th 2015. According to the released minutes voting members are concerned about consumer spending as well as the output gap while long-term inflation expectations remain uncertain. This resulted in fear that the risk to consumer prices remains to the downside or against what the Bank of Japan has hoped for. A growing number of members...
Here is the key factor to keep in mind today for Euro trades: As far as economic reports are concerned it will be a very quiet trading session today. The US is closed for a holiday which means volatility as well as trading volume will be rather light especially during the afternoon session in Europe. The morning session was rather quiet as well and the only meaningful market movements were visible during the Asian morning session as traders made positions adjustments. With the lack of new economic reports scheduled for release, forex...
Here are the key factors to keep in mind today for Euro trades: German GDP: Germany is the largest economy in the Eurozone and will report its final revision to the first-quarter GDP. The headline is expected to remain unchanged and show a quarterly increase of 0.3% and an annualized increase of 1.1%. The revisions inside of the GDP report will make the difference for the Euro today. Capital Investment is expected to be revised down from 1.2% to 0.8%, Construction Investment is expected to be revised down from 2.1% to 1.8%, Domestic Demand...
Here are the key factors to keep in mind today for Silver trades: Japanese GDP: Forex traders received some rare news out of the Japanese economy today with the release of the first-quarter GDP report. Economists expected an increase of 0.4% in the first-quarter and an annualized increase of 1.6%. The released GDP report showed an increase of 0.6% in the first-quarter and an annualized increase of 2.4%. This can be compared to the previous GDP report which showed a downward revised quarterly increase of 0.3% and a downward revised...
Here are the key factors to keep in mind today for Australian Dollar trades: RBA Lowe’s Speech in Sydney: Philip Lowe, the Deputy Governor of the RBA, during his Speech in Sydney stated that lower interest rates have helped the Australian economy to reduce its dependence on the mining sector and that an increase in consumer spending and housing construction will lead to an increase in business investment. Ge did rule out a consumption boom fueled by an increase in debt. He further stated that the RBA tries to walk a fine line between...