Here is the key factor to keep in mind today for British Pound trades: UK Rightmove House Price Index: The UK housing market slowed down its expansion when it comes to increase in prices which have been on a steady rise. The Rightmove House Price Index increase by 1.0% monthly for March and posted an annualized gain of 5.4%. Forex traders can compare this to the increase of 2.1% which was reported in February and the annualized rise of 6.6%. Overall housing prices in the UK are in an uptrend and expected to continue which will support a...
Here is the key factor to keep in mind today for Canadian Dollar trades: Canadian Employment Report: Economists expect the Canadian economy lost 5,000 jobs in February and that the unemployment rate increased by 0.1% to 6.7%. While this may look as a big disappointment, job losses are never good for an economy, if it is added together with January’s strong report which showed an increase of 35,400 jobs and an unemployment rate of 6.6% it averages out to a strong start for the Canadian labor market in 2015. Job losses from the temporary...
Here are the key factors to keep in mind today for British Pound trades: UK Industrial & Manufacturing Production: Economists expect an increase in industrial production of 0.2% in January monthly and 1.3% annualized. Manufacturing production is expected to increase by 0.2% monthly and 2.6% annualized. Forex traders can compare this with December’s report which showed a monthly contraction of 0.2% in industrial production and an annualized increase of 0.5% while manufacturing production rose only 0.1% monthly and showed an annualized...
Here is the key factor to keep in mind today for New Zealand Dollar trades: New Zealand Manufacturing Activity: The New Zealand manufacturing sector remained depressed in the fourth-quarter as the slump in commodities and global economic slowdown took their toll, but it managed to perform better than in the third-quarter which is an encouraging sign for the New Zealand economy. Manufacturing Activity decreased by 0.7% in the fourth-quarter while Manufacturing Activity Volume rose 0.9%. Forex traders can compare this to the third-quarter...
Here are the key factors to keep in mind today for Euro trades: German Industrial Production: German industrial production increased by 0.6% in January as compared to December and 0.9% annualized. Economists expected an increase of 0.5% and a contraction of 0.2% which can be compared to December upward revised increase of 1.0% and 0.5%. Germany continues to put a floor under Eurozone economic data. Eurozone Fourth-Quarter GDP: Fourth-quarter GDP rose 0.3% and posted an annualized increase of 0.9%. This matched expectations as well as data...