Forex events to focus on for today's trading session:
09:30 GMT GBP Claimant Count Change
- Change in the number of people claiming unemployment. This figure relates to November that ended recently – what makes this figure fresh and important.
- Last month’s number of people asking for unemployment benefits rose by 12.9K, much less than previous months and early expectations. This improvement is now expected to be slightly erased, with a rise of 13.9K jobs this time
- The GBP already lost over 200 pips this week, suffering ... ( read more )
Posts Tagged with ‘tips’
Daily Forex Tips – June 5th 2009
8:30 GMT- GBP PPI Input
* This indicator reflects the change in the price of raw materials purchased by manufacturers.
* This data release is forecasted to improve from the previous month's result.
* The results typically create volatile market conditions.
* Higher than forecasted results could send the GBP/USD pair above the 1.6150 mark.
12:30 GMT- U.S Non-Farm Employment Change
* This indicator reflects the change in the number of employed people during the previous month, excluding the US farming industry.
*The indicator t... ( read more )
Forex Daily Tips – June 3rd 2009
12:15 GMT: ADP Non Farm Employment
· Monthly economic indicator used to measure the change in the number of employed people, excluding the farming industry.
· This release tends to create either big changes to current trends or push current trends even further.
· The release of the survey typically creates a volatile trading environment, affecting not only the USD pairs but also the value of Crude Oil and Gold.
· Very positive result will push the dollar up. This indicator is a "preview" for the Non-farm Payrolls report expecte... ( read more )