Gold Fundamental Analysis – February 9th 2016

Gold Fundamental Analysis – February 9th 2016

Written by: PaxForex analytics dept - Tuesday, 09 February 2016 0 comments

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

  • New Zealand QV House Prices: New Zealand QV House Prices for January increased by 12.6% annualized. Forex traders can compare this to New Zealand QV House Prices for December which increased by 14.2% annualized.
  • Japanese Money Stock M2+CD and Money Stock M3: Japanese Money Stock M2+CD for January increased by 3.2% annualized. Forex traders can compare this to Japanese Money Stock M2+CD for December which increased by 3.1% annualized. Japanese Money Stock M3 for January increased by 2.5% annualized. Forex traders can compare this to Japanese Money Stock M3 for December which increased by 2.5% annualized.
  • British BRC Sales Like-for-Like: British BRC Sales Like-for-Like for January increased by 2.6% annualized. Forex traders can compare this to British BRC Sales Like-for-Like for December which increased by 0.1% annualized.
  • Australian NAB Business Conditions and Confidence: Australian NAB Business Conditions for January were reported at 5. Forex traders can compare this to Australian NAB Business Conditions for December which were reported at 6. Australian NAB Business Confidence for January were reported at 2. Forex traders can compare this to Australian NAB Business Confidence for December which were reported at 2.
  • Japanese Machine Tool Orders: Japanese Machine Tool Orders for January decreased by 17.2% annualized. Forex traders can compare this to Japanese Machine Tool Orders for December which decreased by 25.7% annualized.
  • Swiss Unemployment Rate: The Swiss Unemployment Rate for January was reported at 3.8%. Forex traders can compare this to the Swiss Unemployment Rate for December which was reported at 3.7%.
  • German Trade Balance: The German Trade Balance for December was reported at €18.8 billion. Forex traders can compare this to the German Trade Balance for November which was reported at €20.5 billion. Exports decreased by 1.6% and imports decreased by 0.5% in December. Forex traders can compare this to the increase of 0.5% in exports and 1.3% increase in imports which was reported in November.

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