Here are the key factors to keep in mind today for Euro trades: German Producer Price Index: Germany is the largest economy in the Eurozone and with deflation showing up in the world’s largest economy and the European Central Bank meddling in the Eurobond markets as well as interest rates, inflation reports are a crucial economic indicator to watch out for. Economists expect the Producer Price Index or PPI to show an increase of 0.2% out of Germany for March monthly and an annualized contraction of 1.6%. Forex traders can compare this to...
Here are the key factors to keep in mind today for Euro trades: Eurozone Current Account Surplus: Forex traders should look for a strong current account surplus out of the Eurozone. Economists expected the current account surplus to increase to €18.4 billion in February from January’s current account surplus of €8.2 billion. The Eurozone may struggle on the economic front, but despite this the finances seem to be in order as the Eurozone continues to print twin surpluses in both its current account as well as its trade balance. Eurozone...
Here are the key factors to keep in mind today for Euro trades: German CPI: Today’s German CPI will be the last revision to March inflation on the consumer level. Economists expect the German CPI to be confirmed at a monthly increase of 0.5% for March and an annualized increase of 0.3%. The German EU harmonized CPI is also expected to be confirmed at a monthly increase of 0.5% and an annualized increase of 0.1%. The European Central Bank will closely monitor inflation reports out of the Eurozone especially after the start of their market...
Here are the key factors to keep in mind today for Gold trades: New Zealand Card Spending: Retail Card spending in New Zealand was reported at an increase of 0.8% March monthly which matched the 0.8% increase expected by economists. Forex traders should compare this to February’s increase of 1.1%. Card spending surged 1.3% in March which compares to the 0.4% increase reported in February. Japanese Machine Orders: Economists expected a contraction of 2.2% in February monthly and an annualized increase of 4.3%. Forex traders can compare this...
Here are the key factors to keep in mind today for British Pound trades: British Industrial Production: Economists expect an increase of 0.3% in industrial production for February monthly and an increase of 0.3% annualized as well. Forex traders can compare this to January’s contraction of 0.1% monthly and annualized increase of 1.3%. The monthly increase should be viewed as a bullish trading signal for the British Pound if indeed confirmed. British Manufacturing Production: The UK is not a big manufacturing hub, but nevertheless it is...