Gold Fundamental Analysis – February 22nd 2016

Gold Fundamental Analysis – February 22nd 2016

Written by: PaxForex analytics dept - Monday, 22 February 2016 0 comments

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

  • Chinese MNI Business Indicator: The Chinese MNI Business Indicator for February was reported at 49.9. Forex traders can compare this to the Chinese MNI Business Indicator for January which was reported at 52.3.
  • New Zealand Credit Card Spending: New Zealand Credit Card Spending for January increased by 2.3% monthly and by 8.9% annualized. Forex traders can compare this to New Zealand Credit Card Spending for December which decreased by 0.8% monthly and increased by 7.4% annualized.
  • Japanese Nikkei Manufacturing PMI: The Japanese Nikkei Manufacturing PMI for February was reported at 50.2. Economists predicted a figure of 52.0. Forex traders can compare this to the Japanese Nikkei Manufacturing PMI for January which was reported at 52.3.
  • Swiss Producer and Import Prices: Swiss Producer and Import Prices for January are predicted to decrease by 0.3% monthly and by 5.2% annualized. Forex traders can compare this to Swiss Producer and Import Prices for December which decreased by 0.4% monthly and 5.5% annualized.
  • Eurozone Manufacturing PMI, Eurozone Services PMI and Eurozone Composite PMI: The Eurozone Manufacturing PMI for February is predicted at 52.0. Forex traders can compare this to the Eurozone Manufacturing PMI for January which was reported at 52.3. The Eurozone Services PMI for February is predicted at 53.4. Forex traders can compare this to the Eurozone Services PMI for January which was reported at 53.6. The Eurozone Composite PMI for February is predicted at 53.3. Forex traders can compare this to the Eurozone Composite PMI for January which was reported at 53.6.
  • UK CBI Trends Total Orders and UK CBI Trends Selling Prices: UK CBI Trends Total Orders for February are predicted at -12. Forex traders can compare this to UK CBI Trends Total Orders for January which were reported at -15. UK CBI Trends Selling Prices for February are predicted at 0. Forex traders can compare this to UK CBI Trends Selling Prices for January which were reported at 1.
  • US Chicago Fed National Activity Index: The US Chicago Fed National Activity Index for January is predicted at -0.10. Forex traders can compare this to the US Chicago Fed National Activity Index for December which was reported at -0.22.

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