Gold Fundamental Analysis – March 11th 2016

Gold Fundamental Analysis – March 11th 2016

Written by: PaxForex analytics dept - Friday, 11 March 2016 0 comments

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

  • New Zealand NZ Business Manufacturing PMI: New Zealand NZ Business Manufacturing PMI for February was reported at 56.0. Forex traders can compare this to the New Zealand NZ Business Manufacturing PMI for January which was reported at 58.0.
  • New Zealand Food Prices: New Zealand Food Prices for February decreased by 0.6% monthly. Forex traders can compare this to New Zealand Food Prices for January which increased by 2.0% monthly.
  • Japanese BSI Large All Industry Index and BSI Large Manufacturing Index: The Japanese BSI Large All Industry Index for the first-quarter was repoted at -3.2. Forex traders can compare this to the Japanese BSI Large All Industry Index for the fourth-quarter which was reported at 4.6. The Japanese BSI Large Manufacturing Index for the first-quarter was repoted at -7.9. Forex traders can compare this to the Japanese BSI Large Manufacturing Index for the fourth-quarter which was reported at 3.8.
  • German CPI: The German CPI for February is predicted to increase by 0.4% monthly and to come in at 0.0% annualzied. Forex traders can compare this to the first February CPI which increased by 0.4% monthly and to come in at 0.0% annualzied.
  • UK Visible Trade Balance, Trade Balance Non EU and Total Trade Balance: The UK Visible Trade Balance for January is predicted at £10,300M. Forex traders can compare this to the UK Visible Trade Balance for Deember which was reported at £9,917M. The UK Trade Balance Non EU for January is predicted at £2,650M. Forex traders can compare this to the UK Trade Balance Non EU for Deember which was reported at £2,357M. The UK Total Trade Balance for January is predicted at £3,000M. Forex traders can compare this to the UK Total Trade Balance for Deember which was reported at £2,709M.
  • Canadian Employment Report: The Canadian Employment Report for February is predicted to show 10.0K jobs created and an unemployment rate of 7.2%. Forex traders can compare this to the Canadian Employment Report for January which showed 5.7K jobs lost and an unemployment rate of 7.2%.
  • US Import Price Index: The US Import Price Index for February is predicted to decrease by 0.8% monthly and by 6.6% annualized. Forex traders can compare this to the US Import Price Index for January which decreased by 1.1% monthly and by 6.2% annualzied.

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