Gold Fundamental Analysis – March 2nd 2016

Gold Fundamental Analysis – March 2nd 2016

Written by: PaxForex analytics dept - Wednesday, 02 March 2016 0 comments

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

  • Japanese Monetary Base: The Japanese Monetary Base for February was reported at 29.0% annualized. Forex traders can compare this to the Japanese Monetary Base for January which was reported at 28.9% annualized.
  • Australian HIA New Home Sales: Australian HIA New Home Sales for January increased by 3.1% monthly. Forex traders can compare this to Australian HIA New Home Sales for December which increased by 6.0% monthly.
  • UK BRC Shop Price Index: The UK BRC Shop Price Index for February decreased by 2.0% annualized. Forex traders can compare this to the UK BRC Shop Price Index for January which decreased by 1.8% annualized.
  • Australian GDP: The Australian GDP for the fourth-quarter increased by 0.6% quarterly and by 3.0% annualized. Economists predicted an increase of 0.4% quarterly and 2.5% annualized. Forex traders can compare this to the Australian GDP for the third-quarter which increased by 1.1% quarterly and by 2.7% annualized.
  • Swiss GDP: The Swiss GDP for the fourth-quarter is predicted to increase by 0.2% quarterly and by 0.1% annualized. Forex traders can compare this to the Swiss GDP for the third-quarter which was reported at 0.0% quarterly and increased by 0.8% annualized.
  • UK Markit/CIPS Construction PMI: The UK Markit/CIPS Construction PMI for February is predicted at 55.5. Forex traders can compare this to the UK Markit/CIPS Construction PMI for January which was reported at 55.0.
  • Eurozone PPI: The Eurozone PPI for January is predicted to decrease by 1.0% monthly and by 2.9% annualized. Forex traders can compare this to the Eurozone PPI for December which decreased by 0.8% monthly and by 3.0% annualized.
  • US ADP Report: The US ADP Report for February is predicted to show 185K job additions. Forex traders can compare this to the US ADP Report for January which showed 205K job additions.

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