Here are the key factors to keep in mind today for US Dollar trades:
- US Advanced Retail Sales: Advanced Retail Sales for December are predicted to decrease by 0.1%. Forex traders can compare this to Advanced Retail Sales for November which increased by 0.2%. Retail Sales Excluding Auto and Gas for December are predicted to increase by 0.3%. Forex traders can compare this to Retail Sales Excluding Auto and Gas for November which increased by 0.5%. Retail Sales Control Group for December are predicted to increase by 0.3%. Forex traders can compare this to Retail Sales Control Group for November which increased by 0.6%. Retail Sales Less Autos for December are predicted to increase by 0.2%. Forex traders can compare this to Retail Sales Less Autos for November which increased by 0.4%.
- US PPI: The PPI for December is predicted to decrease by 0.2% monthly and by 1.0% annualized. Forex traders can compare this to the PP for November which increased by 0.3% monthly and decreased by 1.1% annualized. The Core PPI is predicted to increase by 0.1% monthly and by 0.3% annualized. Forex traders can compare this to the PP for November which increased by 0.3% monthly and by 0.5% annualized.
- US Empire Manufacturing Index: The Empire Manufacturing Index for January is predicted at -4.00. Forex traders can compare this to the Empire Manufacturing Index for December which was reported at -4.59.
- US University of Michigan Confidence Index: The University of Michigan Confidence Index for January is predicted at 92.6. Forex traders can compare this to the University of Michigan Confidence Index for December which was reported at 92.6.
Here is the key factor to keep in mind today for Japanese Yen trades:
- Japanese Bond and Equity Transactions: Foreign Bond Transactions for January 8th showed purchases of ¥323.1 billion and Foreign Equity Transactions purchases of ¥198.9 billion. Forex traders can compare this to Foreign Bond Transactions for January 1st which showed purchases of ¥85.9 billion and Foreign Equity Transactions purchases of ¥10.3 billion.
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
