Here are the key factors to keep in mind today for Australian Dollar trades: Australian TD Securities Inflation: Australian inflation slowed down slightly as measured by TD Securities Inflation which rose 0.3% in April month-over-month and 1.4% annualized. Forex traders can compare this to the 0.4% increase reported in March month-over-month and 1.5% increase year-over-year. Australian ANZ Job Advertisements: The Australian labor market has picked up activity in April as ANZ Job Advertisements rose by 2.3% month-over-month. This compares...
Here are the key factors to keep in mind today for New Zealand Dollar trades: New Zealand Trade Balance: The New Zealand economy managed to produce a much larger trade surplus in March than the NZ$300 million expected by economists. The trade surplus rose to NZ$631 million in March which forex traders can compare to the upward revised trade surplus of NZ$83 million reported in February. New Zealand NBNZ Business Confidence Index: Corporate New Zealand grew less confident in April as compared to March. The NBNZ Business Confidence Index for...
Here is the key factor to keep in mind today for British Pound trades: British CBI Report: Today’s trading session is very light when it comes to economic reports which means two things; number one, you can enjoy a more pure technical trading day with a lot less interference by fundamental data and number two, the little reports which will be released will have a much greater impact right after the releases than they would have usually had. The British Pound enjoyed a strong rally and many are waiting for a reason to take a few pips off the...
Here is the key factor to keep in mind today for Euro trades: German IFO Report: Forex traders received a big report on the health of the German economy as measured by the IFO report which released three indexes giving a snapshot at the Eurozone’s biggest economy. Economists expected the IFO Business Climate for April to increase to 108.4 from the 107.9 reported in March. The released report came in better than expected and showed an increase to 108.6. The IFO Current Assessment was expected to rise to 112.4 in April from the upward revised...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian Westpac Leading Index: The Westpac Leading Index showed a contraction of 0.3% in March monthly. This came as a slight disappointment and can be compared to the downward revised increase of 0.1% reported in February. Australian Skilled Vacancies: The skilled labor market slowed down in Australia in March with a monthly increase of 0.4%.A slight positive was the upward revision for February which now shows a monthly increase of 0.8%. Despite the slowdown...