The American currency shows stability, despite another exacerbation of the trade war with China. We can’t say the same about GBP. The prospects for the British pound do not look very optimistic. Today, for the British currency is expected to be quite a busy day in the economic calendar. The data on CBI industrial trends for May will be released in the second half of the day. While the projected figures are quite optimistic, the hearings on the Bank of England’s inflation report, which will take place at the beginning of the day, are likely to...
Here are the key factors to keep in mind today for Gold trades: Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of May 19th was reported at 117.2. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of May 12th which was reported at 114.8. Japanese Housing Loans: Japanese Housing Loans for the first-quarter increased by 2.4% annualized. Forex traders can compare this to Japanese Housing Loans for...
The Australian dollar began a new trading week in very high spirits after the results of the local parliamentary elections became known. The instability of the GBP and EUR, in the run-up to the elections to the European Parliament, may provide indirect support for the Australian currency, both today and during this week. As it became known, the current Australian Prime Minister Scott Morrison and his conservative coalition won the last parliamentary elections yesterday, which was an unexpected result for experts who predicted the victory of...
Here are the key factors to keep in mind today for Euro trades: German PPI: The German PPI for April increased by 0.5% monthly and by 2.5% annualized. Economists predicted an increase of 0.3% monthly and of 2.4% annualized. Forex traders can compare this to the German PPI for March which decreased by 0.1% monthly and which increased by 2.4% annualized. Eurozone Current Account: The Eurozone Current Account (s.a.) for March is predicted at €24.2B and the Eurozone Current Account (n.s.a) is predicted at €17.2B. Forex traders can compare this...
Here is the key factor to keep in mind today for Euro trades: Eurozone Final CPI: The Eurozone CPI for April is predicted to increase by 0.7% monthly. Forex traders can compare this to the Eurozone CPI for March which increased by 1.0% monthly. The Final Eurozone CPI for April is predicted to increase by 1.7% annualized and the Final Eurozone Core CPI is predicted to increase by 1.2% annualized. Forex traders can compare this to the previous Eurozone CPI for April which increased by 1.4% annualized and to the previous Eurozone Core CPI...
