Here are the key factors to keep in mind today for Gold trades: UK BRC Like-for-Like Sales: UK BRC Like-for-Like Sales for April increased by 3.7% annualized. Economists predicted an increase of 2.5% annualized. Forex traders can compare this to UK BRC Like-for-Like Sales for March which decreased by 1.1% annualized. Japanese Monetary Base and Monetary Base end of Period: The Japanese Monetary Base for April increased by 3.1% annualized and the Monetary Base end of Period was reported at ¥514.6T. Economists predicted a figure of 3.2% and...
Today, early morning, the Reserve Bank of Australia decided to keep interest rates unchanged at 1.5%. The regulator based his decision on the fact that the recent release in terms of inflation did not meet expectations. In addition, the economic uncertainty within the country makes itself felt by a decrease in household spending and housing prices. Among other things, the decision of the Australian regulator was also influenced by the newly aggravated contradictions between the US and China, in connection with the promise of Donald Trump to...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian AiG Performance of Construction Index: The Australian AiG Performance of Construction Index for April was reported at 42.6. Forex traders can compare this to the Australian AiG Performance of Construction Index for March which was reported at 45.6. Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of May 5th was reported at 117.3. Forex traders can compare this to the...
Despite the impressive figures of the Friday report on the US labor market, at the beginning of the new trading week the Japanese yen is rising against the USD. The reason was the statements of US President Donald Trump about the new duties on goods from China. This led investors to turn to more safe assets. As of Monday morning, the dollar against the yen fell to 110.8 yen from 111.09 yen to USD. The rate of the single European currency to the dollar dropped to a mark of 1.1187 dollars per EUR from the level of Friday’s close of 1.12 dollars...
Here are the key factors to keep in mind today for Euro trades: Italian Services PMI and Composite PMI: The Italian Markit Services PMI for April is predicted at 51.8. Forex traders can compare this to the Italian Markit Services PMI for March which was reported at 53.1. The Italian Markit Composite PMI for April is predicted at 50.6. Forex traders can compare this to the Italian Markit Composite PMI for March which was reported at 51.5. French Services PMI and Composite PMI: The Final French Markit Services PMI for April is predicted at...
