Here are the key factors to keep in mind today for British Pound trades:
- UK GDP: The UK GDP rose by 0.5% in the third-quarter on a quarterly basis and by 2.3% annualized. Economists predicted an increase of 0.6% quarterly and 2.4% annualized. Forex traders can compare this to the previous GDP report which showed an increase of 0.7% quarterly and 2.4% annualized.
- UK Index of Services: Index of Services was flat at 0.0% in August monthly and rose 0.9% for the tri-monthly period of August. Economists predicted an increase of 0.2% monthly and 1.0% tri-monthly. Forex traders can compare this to July’s increase of 0.2% monthly and 0.8% tri-monthly.
Here are the key factors to keep in mind today for US Dollar trades:
- US Durable Goods Orders: Durable Goods Orders are predicted to decrease by 1.3% in September. Forex traders can compare this to the decrease of 2.3% which was reported in August. Durable Goods Orders excluding transportation are predicted to be flat at 0.0% in September. Forex traders can compare this to the decrease of 0.2% which was reported in August. Capital Goods Orders Non-Defense excluding Aircraft are predicted to increase by 0.2% in September. Forex traders can compare this to the decrease of 0.8% which was reported in August. Capital Goods Shipments Non-Defense excluding Aircraft are predicted to increase by 0.1% in September. Forex traders can compare this to the decrease of 0.4% which was reported in August.
- US Markit Composite PMI and Markit Services PMI: The Markit Composite PMI is predicted to increase to 55.6 in October and the Markit Services PMI is predicted to increase to 55.2. Forex traders can compare this to the Markit Composite PMI of 55.0 and the Markit Services PMI of 55.1 which was reported in September.
- US Consumer Confidence: Consumer Confidence is predicted at 103.0 in October. Forex traders can compare this to Consumer Confidence of 103.0 which was reported in September.
- US Richmond Fed Manufacturing Index: The Richmond Fed Manufacturing Index is predicted at -3 in October. Forex traders can compare this to the Richmond Fed Manufacturing Index of -5 which was reported in September.
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