Here are the key factors to keep in mind today for Canadian Dollar trades: Canadian Building Permits: Canadian Building Permits for March are predicted to increase by 2.3% monthly. Forex traders can compare this to Canadian Building Permits for February which decreased by 5.7% monthly. Canadian Employment Report: The Canadian Employment Report for April is predicted to show the addition of 15K jobs and an Unemployment Rate of 5.8%. Forex traders can compare this to the Canadian Employment Report for March which showed the loss of 7.2K jobs...
Here are the key factors to keep in mind today for British Pound trades: UK GDP: The UK Preliminary GDP for March is predicted to flat at 0.0% monthly. Forex traders can compare this to the UK GDP for February which increased by 0.2% monthly. The UK Preliminary GDP for the first-quarter is predicted to increase by 0.5% quarterly and by 1.8% annualized. Forex traders can compare this to the fourth-quarter GDP which increased by 0.2% quarterly and by 1.4% annualized. Private Consumption for the first-quarter is predicted to increase by 0.5%...
The last day of the current trading week promises to be stressful enough for the British currency. Traders expect to release statistics on business investment and GDP for the 1st quarter. Data on the volume of industrial production and trade for March will also be released later in the morning. According to forecasts, the country's GDP growth for the 1st quarter will be 0.5% against previous data of 0.2%. On an annualized basis - 1.8% against previous data of 1.4%. Forecasts for industrial production in the UK are not so bright - 0.1% against...
EURUSD remained to some extent depressed at the beginning of this month, modestly in the range of 1.1150 levels. Traders were pleased that the pair had gained more confident positions around the 1.1200 mark. Nevertheless, it remains quite vulnerable against the background of ongoing trade disputes between the US and China, as well as ambiguous data from the European economy. The pair started today's trading session at 1.1194 levels. Then the euro passed slightly, which caused a slight downward effect after the publication of the consumer...
Here are the key factors to keep in mind today for US Dollar trades: US PPI: The US PPI for April is predicted to increase by 0.2% monthly and by 2.3% annualized. Forex traders can compare this to the US PPI for March which increased by 0.6% monthly and 2.2% annualized. The US Core PPI for April is predicted to increase by 0.2% monthly and by 2.5% annualized. Forex traders can compare this to the US Core PPI for March which increased by 0.3% monthly and by 2.4% annualized. The US Core PPI ex Trade for April is predicted to increase by 0.2%...
