Here are the key factors to keep in mind today for Euro trades:
- German Factory Orders: Factory Orders for November are predicted to increase by 0.1% monthly and by 1.1% annualized. Forex traders can compare this to Factory Orders for October increased by 1.8% monthly and decreased by 1.4% annualized.
- German Retail Sales: Retail Sales for November are predicted to increase by 0.5% monthly and by 3.7% annualized. Forex traders can compare this to Retail Sales for October decreased by 0.1% monthly and increased by 2.1% annualized.
- Eurozone Confidence Data: Eurozone Economic Confidence for December is predicted at 106.0. Forex traders can compare this to Eurozone Economic Confidence for November which was reported at 106.1. Eurozone Industrial Confidence for December is predicted at -2.9. Forex traders can compare this to Eurozone Industrial Confidence for November which was reported at -3.2. Eurozone Services Confidence for December is predicted at 12.6. Forex traders can compare this to Eurozone Services Confidence for November which was reported at 12.8. Eurozone Consumer Confidence for December is predicted at -5.7. Forex traders can compare this to Eurozone Consumer Confidence for November which was reported at -5.7. Eurozone Retail Sales: Retail Sales for November are predicted to increase by 0.2% monthly and by 2.0% annualized. Forex traders can compare this to Retail Sales for October decreased by 0.1% monthly and increased by 2.5% annualized.
Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian Trade Balance: The Trade Balance for November was reported at a deficit of AUD2,906 million. Economists predicted a deficit of AUD2,970 million. Forex traders can compare this to the Trade Balance for October which was reported as a deficit of AUD3,247 million.
- Australian Building Approvals: Building Approvals for November decreased by 12.7% monthly and by 8.4% annualized. Economists predicted a decrease of 3.0% monthly and an increase of 3.0% annualized. Forex traders can compare this to Building Approvals for October increased by 3.3% monthly and by 12.6% annualized.
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
