Here are the key factors to keep in mind today for Gold trades:
- Australian HIA New Home Sales: Australian HIA New Home Sales for March decreased by 0.4% monthly. Forex traders can compare this to Australian HIA New Home Sales for February which decreased by 5.3% monthly.
- Australian Trade Balance: The Australian Trade Balance for March was reported at -A$2,163M. Economists predicted -A$2,900M. Forex traders can compare this to the Australian Trade Balance for February which was reported at -A$3,044M.
- Australian Retail Sales: Australian Retail Sales for March increased by 0.5% monthly. Economists predicted an increase of 0.3% monthly. Forex traders can compare this to Australian Retail Sales for February which increased by 0.1% monthly. Australian Retail Sales ex Inflation for the first-quarter increased by 0.5% quarterly. Economists predicted an increase of 0.7% quarterly. Forex traders can compare this to Australian Retail Sales ex Inflation for the fourth-quarter which increased by 0.6% quarterly.
- Chinese Caixin Services PMI and Chinese Caixin Composite PMI: The Chinese Caixin Services PMI for April was reported at 51.8 and the Chinese Caixin Composite PMI at 50.8. Forex traders can compare this to the Chinese Caixin Composite PMI for March which was reported at 52.2 and to the Chinese Caixin Composite PMI which was reported at 51.3.
- British Official Reserves: British Official Reserves for April were reported at £728M. Forex traders can compare this to British Official Reserves for March which were reported at £756M.
- British Markit/CIPS Services PMI and British Markit/CIPS Composite PMI: The British Markit/CIPS Services PMI for April was reported at 52.3 and the British Markit/CIPS Composite PMI at 51.9. Economists predicted 53.5 and 53.2. Forex traders can compare this to the British Markit/CIPS Services PMI for March which was reported at 53.7 and to the British Markit/CIPS Composite PMI which was reported at 53.6.
- Canadian Building Permits: Canadian Building Permits for March are expected to decrease by 4.4% monthly. Forex traders can compare this to Canadian Building Permits for February which increased by 15.5% monthly.
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