GBPUSD Fundamental Analysis – January 20th 2016

GBPUSD Fundamental Analysis – January 20th 2016

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

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

  • UK Claimant Count Rate and Initial Jobless Claims: The Claimant Count Rate for December is predicted at 2.3%. Forex traders can compare this to the Claimant Count Rate for November which was reported at 2.3%. Initial Jobless Claims for December are predicted at 2,800. Forex traders can compare this to Initial Jobless Claims for November which were reported at 3,900.
  • UK Average Weekly Earnings, ILO Unemployment Rate and Employment Change: Average Weekly Earnings for November are predicted to increase by 2.1%. Forex traders can compare this to Average Weekly Earnings for October which increased by 2.4%. Average Weekly Earnings Excluding Bonuses for November are predicted to increase by 1.8%. Forex traders can compare this to Average Weekly Earnings Excluding Bonuses for October which increased by 2.0%. The ILO Unemployment Rate for November is predicted at 5.2%. Forex traders can compare this to the ILO Unemployment Rate for October which was reported at 5.2%. The Employment Change for November is predicted at 235,000. Forex traders can compare this to the Employment Change for October which was reported at 207,000.

Here are the key factors to keep in mind today for US Dollar trades:

  • US Housing Starts and Building Permits: Housing Starts for December are predicted to increase by 2.3% to 1,200K. Forex traders can compare this to Housing Starts for November which increased by 10.5% to 1.173K. Building Permits for December are predicted to decrease by 6.4% to 1,200K. Forex traders can compare this to Building Permits for November which increased by 10.4% to 1.282K.
  • US CPI: The CPI for December is predicted at 0.0% monthly and increase of 0.8% annualized. Forex traders can compare this to the CPI for November which was reported at 0.0% monthly and increase of 0.3% annualized. The core CPI for December is predicted to increase by 0.2% monthly and by 2.1% annualized. Forex traders can compare this to the core CPI for November which was reported at an increase of 0.2% monthly and of 2.0% annualized.

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.