Here are the key factors to keep in mind today for Euro trades:
- Eurozone EU 25 New Car Registrations: EU 25 New Car Registrations rose by 9.8% in September. Forex traders can compare this to the 11.2% increase in EU 25 New Car Registrations reported for August.
- Eurozone Trade Balance: The Eurozone Trade Balance for August was reported at a surplus of €11.2 billion and the seasonally adjusted Eurozone Trade Balance was reported at surplus of €19.8 billion. Economists predicted the Eurozone Trade Balance to be reported at a surplus of €20.0 billion and the seasonally adjusted Eurozone Trade Balance at a surplus of €22.1 billion. Forex traders can compare this to the Eurozone Trade Balance surplus of €31.4 billion which was reported in July and to the seasonally adjusted Eurozone Trade Balance surplus of €22.4 billion.
- Eurozone CPI: The Eurozone CPI for September rose by 0.2% monthly and contracted by 0.1% annualized. Economists predicted an increase of 0.2% monthly and a contraction of 0.1% annualized. Forex traders can compare this to the 0.0% monthly and the contraction of 0.1% which was reported in August. The core CPI rose by 0.9% annualized in September. Economists predicted and increase of 0.9% and forex traders can compare this to the 0.9% increase which was reported in August.
Here are the key factors to keep in mind today for US Dollar trades:
- US Industrial Production and Manufacturing Production: Industrial production is expected to decrease by 0.3% in September monthly and manufacturing production is expected to decrease by 0.2%. Forex traders can compare this to the decrease of 0.4% in industrial production reported in August and to the 0.5% decrease reported in manufacturing production. Capacity utilization is expected to decrease to 77.3% in September and forex traders can compare this to the 77.6% capacity utilization which was reported in August.
- US University of Michigan Confidence Index: The University of Michigan Confidence Index is expected to increase to 89.0 in October. Forex traders can compare this to the University of Michigan Confidence Index of 87.2 reported in September.
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