8:30 GMT: GBP - Consumer Inflation Expectations
- This indicator reflects the percentage that consumers expect the price of goods and services to change during the next 12 months
- Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.
- The release of this indicator typically creates volatile trading as it is directly correlated with the value of the national currency
- A better than previous result may continue to boosts the GBP... ( read more )
Posts Tagged with ‘Daily Forex Tips’
Daily Forex Tips – June 10th 2009
8:30 GMT: GBP - Manufacturing Production
- This indicator reflects the change in the total inflation-adjusted value of output produced by manufacturers.
- Manufacturing makes up around 80% of total Industrial Production and tends to dominate the market impact.
- The release of this indicator typically creates volatile trading.
- A stronger than expected result may continue to boost the GBP in the short-term.
12:30 GMT: USD - U.S Trade Balance
- This indicator reflects the difference in value between imported and exported goods ... ( read more )
June 9, 2009 - Daily Forex Tips – June 9th 2009
10:00 GMT: EUR - German Industrial Production:
- This indicator reflects the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
- It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle.
- This release is expected to be lower than its previous figures.
- This means the EUR/USD could show bearishness today if it comes inline with expectations.
14:30 GMT: USD - U.S Treasury Secretary Geithner Speech
Due to testify on his ... ( read more )
Daily Forex Tips – June 8th 2009
12:15 GMT – CAD – Housing Starts
- Number of new residential buildings which began construction during the previous month.
- Released monthly, but in an annualized format.
- Figure is forecast to rise from last month to 127K from 118K.
- Could have a positive impact on the CAD if forecast is accurate.
Gold Tips:
- Gold prices just breached the lower border in the recent uptrend.
- If prices hit $950, a downtrend may occur – target $940.
- If prices fail to go below $955, price may rebound upwards and continue trend – targe... ( read more )