GBPJPY Fundamental Analysis – April 20th 2016

GBPJPY Fundamental Analysis – April 20th 2016

Written by: PaxForex analytics dept - Wednesday, 20 April 2016 0 comments

Here are the key factors to keep in mind today for British Pound trades:

  • British Claimant Count Rate and Jobless Claims Change: The British Claimant Count Rate for March is expected at 2.1%. Forex traders can compare this to the British Claimant Count Rate for February which was reported at 2.1%. British Jobless Claims Change for March are expected at -10K. Forex traders can compare this to British Jobless Claims Change for February which were reported at -18K.
  • British Average Weekly Earnings, ILO Unemployment Rate and Employment Change: British Average Weekly Earnings for February are expected to increase by 2.3% annualized over a three month period and British Average Weekly Earnings excluding Bonus by 2.1% annualized over a three month period. Forex traders can compare this to British Average Weekly Earnings for January which increases by 2.1% annualized over a three month period and British Average Weekly Earnings excluding Bonus which increased by 2.2% annualized over a three month period. The ILO Unemployment Rate for February is expected at 5.1% over a three month period and the Employment Change at 60K for a three-month-period-over-a-three-month-period. Forex traders can compare this to the ILO Unemployment Rate for January which was reported at 5.1% over a three month period and the Employment Change of 116K for a three-month-period-over-a-three-month-period.

Here is the key factor to keep in mind today for Japanese Yen trades:

  • Japanese Merchandise Trade Balance: The Japanese Merchandise Trade Balance for March was reported at ¥755.0B and the Adjusted Merchandise Trade Balance at ¥276.5B. Economists predicted a figure of ¥819.1B and ¥450.0B. Forex traders can compare this to the Merchandise Trade Balance for February which was reported at ¥242.2B and the Adjusted Merchandise Trade Balance which was reported at ¥166.1B. Merchandise Trade Exports for March decreased by 6.8% annualized and Merchandise Trade Imports by 14.9% annualized. Economists predicted a decrease of 7.1% annualized and 16.5% annualized. Forex traders can compare this to Merchandise Trade Exports for February which decreased by 4.0% annualized and Merchandise Trade Imports which decreased by 14.2% annualized.

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