Here are the key factors to keep in mind today for US Dollar trades: US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of May 18th are predicted at 215K and US Continuing Claims for the week of May 11th are predicted at 1,669K. Forex traders can compare this to US Initial Jobless Claims for the week of May 11th which were reported at 212K and to US Continuing Claims for the week of May 4th which were reported at 1,660K. US Markit Manufacturing PMI, Services PMI and Composite PMI: The Preliminary US...
Fundamental indicators of the German economy will be the main drivers for the single European currency today. The 2nd assessment of GDP indicators, the PMI for May from the Markit agency, as well as IFO indicators on the German business climate will determine investor sentiment. In addition to German statistics, you should pay attention to the minutes of the ECB meeting on monetary policy, the tone of which may also affect the euro. According to forecasts, the business activity index (PMI) will show an increase from 44.4 to 44.8. Since this...
Here are the key factors to keep in mind today for Euro trades: German GDP: The Final German GDP for the first-quarter increased by 0.4% quarterly and by 0.6% annualized. Economists predicted an increase of 0.4% quarterly and of 0.6% annualized. Forex traders can compare this to the previous first-quarter German GDP report which increased by 0.6% quarterly and by 0.9% annualized. French Manufacturing PMI, Services PMI and Composite PMI: The Preliminary French Markit Manufacturing PMI for May is predicted at 50.0. Forex traders can compare...
At the start of Wednesday trading, the US currency reached a 3.5-week high, supported by the increased yield of US Treasury bonds, after Washington had eased the restraining tone the day before, allowing Huawei to buy American-made goods. The dollar index fell slightly to 98,051 points to the basket of major currencies, previously reaching a 3.5-week high of 98,134 points. Last week, the US Department of Commerce added the Chinese telecommunications equipment manufacturer Huawei to the blacklist, but the day before, the same officials...
Here are the key factors to keep in mind today for British Pound trades: UK CPI: The UK CPI for April is predicted to increase by 0.7% monthly and by 2.2% annualized. Forex traders can compare this to the UK CPI for March which increased by 0.2% monthly and by 1.8% annualized. The Core CPI for April is predicted to increase by 1.9% annualized and the CPI Including Housing Costs is predicted to increase by 2.1% annualized. Forex traders can compare this to Core CPI for March which increased by 1.8% annualized and to the CPI Including Housing...
