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Economic News

  • 2017-09-05

    Economic News Highlights, September 6

    On September 6 at 06:00 GMT Germany will release data on Factory Orders for July. The data can affect the EUR rate.

    At 12:30 GMT the USA will report on the Trade Balance for July. Forecast is «-44» B after actual «-43.6» B in June. An increasing negative reading weakens the USD, and a decreasing deficit supports it.

    At the same time Canada will release data on Labor Productivity for the second quarter. An increasing reading is favorable for the CAD.

    At 13:45 GMT the USA will release data on Markit Composite Purchasing Managers Index (PMI) and Services PMI for August. The data has impact on the USD.

    At 14:00 GMT the USA will report on the Non-Manufacturing Purchasing Managers Index (PMI) for August. Forecast is 54.8 p after actual 53.9 p in July. A higher than expected number supports the USD.

    At 14:00 GMT Bank of Canada will release its Interest Rate Decision. It can cause rising volatility of the CAD currency pairs.

    We wish you the most successful trades!

  • 2017-09-04

    Economic News Highlights, September 5

    On September 5 at 04:30 GMT Reserve Bank of Australia (RBA) will report on it Interest Rate Decision. The monetary policy data heavily affects the AUD rate.

    At 05:45 GMT Switzerland will report on GDP for the second quarter. Rising economy can support the CHF.

    At 07:55 GMT Germany will release data on the Services Purchasing Managers Index (PMI) and Composite PMI for August. Increasing numbers support the EUR.

    At 08:00 GMT data on Eurozone Services Purchasing Managers Index (PMI) and Composite PMI for August will be released. Higher than expected readings are favorable for the EUR.

    At 08:30 GMT the United Kingdom will release data on the Services Purchasing Managers Index (PMI) for August. The data affects the GBP rate.

    At 09:00 GMT data on Eurozone GDP Q2 will be released. Economic growth can be followed by strengthening EUR.

    At 14:00 GMT the USA will report on Factory Orders for July. Forecast is «-1.5%» after actual 3% in June. The forecasted reading can weaken the USD.

    We wish you the most successful trades!

  • 2017-09-02

    Economic News Highlights, September 4

    On September 4 at 01:00 GMT Australia will release data on the Inflation Gauge for August.The data can affect the AUD rate.

    At 08:30 GMT the United Kingdom will report on the Construction Purchasing Managers Index (PMI) for August. An increasing number is favorable for the GBP rate.

    At 09:00 GMT data on Eurozone Producer Price Index (PPI) for July will be released. It is one of major inflation indicators affecting the EUR.

    At 23:01 GMT the United Kingdom will release data on Retail Sales for August. An increasing number supports the GBP, and a decreasing number weakens it.

    We wish you the most successful trades!

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