Here are the key factors to keep in mind today for US Dollar trades:
- US Import Price Index: The US Import Price Index for April is expected to increase by 0.6% monthly and to decrease by 5.3% annualized. Forex traders can compare this to the US Import Price Index for March which increased by 0.2% monthly and decreased by 6.2% annualized.
- US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of May 7th are expected at 270K and US Continuing Claims for the week of April 30th are expected at 2,120K. Forex traders can compare this to US Initial Jobless Claims for the week of April 30th which were reported at 274K and US Continuing Claims for the week of April 23rd which were reported at 2,121K.
Here are the key factors to keep in mind today for Japanese Yen trades:
- Japanese Current Account Balance and Trade Balance: The Japanese Current Account Balance for March was reported at ¥2,980.4B. Economists predicted a figure of ¥2,965.6B. Forex traders can compare this to the Japanese Current Account Balance for February which was reported at ¥2,434.9B. The Japanese Adjusted Current Account Balance for March was reported at ¥1,893.6B. Economists predicted a figure of ¥1,910.0B. Forex traders can compare this to the Japanese Adjusted Current Account Balance for February which was reported at ¥1,686.6B. The Japanese Trade Balance for March was reported at ¥927.2B. Economists predicted a figure of ¥906.0B. Forex traders can compare this to the Japanese Trade Balance for February which was reported at ¥425.2B.
- Japanese Bank Lending: Japanese Bank Lending including Trusts for April increased by 2.2% annualized and Japanese Bank Lending excluding Trusts increased by 2.2% annualized. Forex traders can compare this to Japanese Bank Lending including Trusts for March which increased by 2.0% annualized and Japanese Bank Lending excluding Trusts which increased by 2.0% annualized.
- Japanese Eco Watchers Survey: The Japanese Eco Watchers Survey Current Index for April is expected at 44.0 and the Japanese Eco Watchers Survey Outlook Index is expected at 46.2. Forex traders can compare this to the Japanese Eco Watchers Survey Current Index for March which was reported at 45.4 and to the Japanese Eco Watchers Survey Outlook Index which was reported at 46.7.
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