Here are the key factors to keep in mind today for British Pound trades: UK GfK Consumer Confidence: UK GfK Consumer Confidence for May was reported at -10. Economists predicted a figure of -12. Forex traders can compare this to UK GfK Consumer Confidence for April which was reported at -13. UK Lloyds Business Barometer: The UK Lloyds Business Barometer for May was reported at 10. Forex traders can compare this to the UK Lloyds Business Barometer for April which was reported at 14. UK House Price Index: The UK House Price Index for May is...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian Private Capital Expenditure: Australian Private Capital Expenditure for the first-quarter decreased by 1.7% quarterly. Economists predicted an increase of 0.4% quarterly. Forex traders can compare this to Australian Private Capital Expenditure for the fourth-quarter which increased by 1.3% quarterly. Australian Building Approvals: Australian Building Approvals for April decreased by 4.7% monthly and by 24.2% annualized. Economists predicted a flat...
The trade war between China and the United States, in the light of its next escalation, prompts investors to once again seek refuge in safe assets. The confrontation of the main economies of the world takes a new turn, after early this morning, the Deputy Minister of Foreign Affairs of China called the American sanctions and duties against China as economic chauvinism and psychological terror. In the Forex market, one should expect increased volatility in the main trading pairs. The next round of talks between Beijing and Washington has...
Here are the key factors to keep in mind today for Euro trades: French Consumer Spending: French Consumer Spending for April increased by 0.8% monthly. Economists predicted an increase of 0.5%. Forex traders can compare this to French Consumer Spending for March which decreased by 0.3% monthly. French CPI: The French CPI for April increased by 0.2% monthly and by 1.0% annualized. Economists predicted an increase of 0.3% monthly and of 1.3% annualized. Forex traders can compare this to the French CPI for March which increased by 0.3%...
Despite the optimistic outcome of the elections to the European Parliament, the single European currency was not able to maintain its advantage for a long time. Today, the US dollar has risen against all of its major competitor currencies, while the euro is waiting for a rather busy day in the economic calendar. At the time of writing, the EURUSD pair tested the lower limit of the range next to the 1.1180 mark. The US currency is steadily recovering, while risky assets lose their attractiveness after US President Donald Trump hinted at...
