Gold Fundamental Analysis – April 7th 2016

Gold Fundamental Analysis – April 7th 2016

Written by: PaxForex analytics dept - Thursday, 07 April 2016 0 comments

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

  • Australian AiG Performance of Contruction Index: The Australian AiG Performance of Consutrction Index for March was reported at 45.2. Forex traders can compare this to the Australian AiG Performance of Contruction Index for February which was reported at 46.1.
  • Japanese Bond and Stock Transactions: Japanese Selling Foreign Bonds for the week of April 1st totalled ¥1,555.1 billion. Forex traders can compare this to Japanese Buying Foreign Bonds for the week of March 25th totalling ¥1,64.1 billion. Japanese Selling Foreign Stocks for the week of April 1st totalled ¥50.1 billion. Forex traders can compare this to Japanese Selling Foreign Stocks for the week of March 25th totalling ¥30.0 billion. Foreigners Buying Japanese Bonds for the week of April 1st totalled ¥30.2 billion. Forex traders can compare this to Foreigners Selling Japanese Bonds for the week of March 25th totalling ¥1,826.7 billion. Foreigners Buying Japanese Stocks for the week of April 1st totalled ¥415.2 billion. Forex traders can compare this to Foreigners Selling Japanese Stocks for the week of March 25th totalling ¥358.5 billion.
  • British Halifax House Price Index: The British Halifax House Price Index for March is expected to increase by 0.9% monthly and by 9.5% annualized. Forex traders can compare this to the British Halifax House Price Index for February which decreased by 1.4% monthly and increased by 9.7% annualized.
  • British Unit Labor Costs: British Unit Labor Costs for the fourth-quarter are expected to increase by 1.9% annualized. Forex traders can compare this to British Unit Labor Costs for the third-quarter which increased by 1.9% annualized.
  • Canadian Building Permits: Canadian Building Permits for February is expected to increase by 4.0% monthly. Forex traders can compare this to Canadian Building Permits for January which decreased by 9.8% monthly.
  • US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of April 2nd are predicted at 270K. Forex traders can compare this to US Initial Jobless Claims for the week of March 26th which were reported at 276K. US Continuing Jobless Claims for the week of March 26th are predicted at 2170K. Forex traders can compare this to US Initial Continuing Claims for the week of March 19th which were reported at 2173K.

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