Here are the key factors to keep in mind today for Gold trades:
- Australian Westpac Consumer Confidence Index: The Westpac Consumer Confidence Index rose by 3.9% in November and reached a level of 101.7. Forex traders can compare this to the October Westpac Consumer Confidence Index which rose by 4.2% to 97.8.
- Japanese Money Supply: Japan Money Stock M2+CD for October rose 3.6% annualized and Japan Money Stock M3 rose 2.9%. Economists predicted an increase in Japan Money Stock M2+CD of 3.8% and in Japan Money Stock M3 of 3.1%. Forex traders can compare this to September where Japan Money Stock M2+CD rose by 3.8% and Japan Money Stock M3 rose 3.1%.
- Chinese Retail Sales: Retail Sales are predicted to increase 10.9% in October annualized and 10.6% year to date. Forex traders can compare this to September Retail Sales which rose 10.9% annualized and 10.5% year to date.
- Chinese Industrial Production: Industrial Production is predicted to increase 5.8% in October annualized and 6.2% year to date. Forex traders can compare this to September Industrial Production which rose 5.7% annualized and 6.2% year to date.
- Chinese Fixed Assets Investments: Fixed Assets Investments for October are predicted to increase by 10.2% year to date. Forex traders can compare this to September’s Fixed Assets Investments which rose 10.3% year to date.
- British Initial Jobless Claims and Claimant Count Rate: Initial Jobless Claims for October are predicted to increase by 1,400 and the Claimant Count Rate is predicted at 2.3%. Forex traders can compare this to September’s Initial Jobless Claims which rose by 4,600 and the Claimant Count Rate of 2.3%.
- British Employment Change and Average Hourly Earnings: The Employment Change for September is predicted to show 120,000 jobs. Forex traders can compare this to the August Employment Change of 140,000 jobs. Average Hourly Earnings are predicted to increase by 3.2% in September annualized. Forex traders can compare this to August’s Average Hourly Earnings which rose 3.0%.
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