Here are the key factors to keep in mind today for Euro trades:
- German Gfk Consumer Confidence: German Gfk Consumer Confidence is expected at 9.8 for October. Forex traders can compare this to September’s German Gfk Consumer Confidence which was reported at 9.9. While this is only a minor decrease, forex traders should monitor this data over the next few months to see if a trend is developing.
- German IFO Report: The German IFO Business Climate for September is expected at 107.9. Forex traders can compare this to the 108.3 which was reported in August. The German IFO Current Assessment for September is expected at 114.7. Forex traders can compare this to the 114.8 which was reported in August. The German IFO Expectations for September is expected at 101.4. Forex traders can compare this to the 102.2 which was reported in August.
Here are the key factors to keep in mind today for US Dollar trades:
- US Durable Goods Orders: US Durable Goods Orders are expected to contract by 2.3% in August and durable goods orders excluding transportation are expected to increase by 0.2%. Forex traders can compare this to the increase of 2.2% in durable goods orders for July and the increase of 0.6% in durable goods orders excluding transportation.
- US Initial Jobless Claims & Continuing Claims: US initial jobless claims are expected at 275K for the week of September 19th and continuing claims are expected at 2,237K for the week of September 12th. Forex traders can compare this to the initial jobless claims of 264K for the week of September 12th and to the continuing claims of 2,237K for the week of September 5th.
- US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index is expected at 0.24 in August. Forex traders can compare this to the 0.34 reported in July.
- US New Home Sales: US New Home Sales are expected to increase by 1.6% in August monthly. Forex traders can compare this to the increase of 5.4% reported in July.
- US Kansas City Fed Manufacturing Activity: The US Kansas City Fed Manufacturing Activity is expected at -6 in September. Forex traders can compare this to the -9 reported in August.
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