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Thread: Daily Market Reviews by

  1. #321
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    Jun 2013
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    The upcoming week is going to be relatively slow, because of the holidays in the USA and the UK on Monday, May 26. Let us revise the most important news affecting financial markets that should be released next week.

    Monday, May 26
    Trading week will start slowly, as the United States is celebrating their Memorial Day and the UK – the late May Bank Holiday. Important news worth paying attention to will be released in Germany at 9 a.m. (terminal time) and include the GFK German Consumer Climate index that measures the level of consumer confidence in economic activity.

    Tuesday, May 27
    USA will catch up on Tuesday and release series of important news, including Core Durable Goods Orders and a Consumer Confidence Index. The latter is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism and should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Current forecast expects growth of the index from 82.3 to 83.0.

    Wednesday, May 28
    European session will be eventful on Wednesday. Germany, Switzerland and France will release news concerning spending and employment. France will announce Consumer Spending numbers at 9:45 a.m., and Switzerland will present information about the employment level at 10:15 a.m. (if the number is higher than the previous value of 4.189M, then it means a positive/bullish trend for CHF, and vice versa). German Unemployment Change and Unemployment Rate will be published at 10:55 a.m. A higher than expected reading of both indices should be taken as negative/bearish for the European currency.

    Thursday, May 29
    Switzerland celebrates Ascension Day on Thursday, so traders interested in CHF will have a little break (or get a chance to explore other currencies). Morning will start early with Japanese Retail Sales publication at 2:50 a.m. Australia will publish Private New Capital Expenditure (a leading indicator of economic health) at 4:30 a.m. European session will be slow (Spanish GDP is worth paying attention to), but North America will release news on Canadian Current Account, American GDP and Pending Home Sales. Market will be volatile for currency pairs that include US and Canadian dollars.

    Friday, May 30
    Last day of the week will be very busy. Trading sessions will start with news form New Zealand, Japan and Australia. Japan, for example, will publish Household Spending, CPIs and Industrial Production numbers at 2:30 a.m. European session will be slow again, but Canada will announce its GDP (monthly, quarterly and yearly) and RMPI – index that measures the change in price of raw materials purchased by manufacturers. CAD is one of the “raw” currencies and depends on the market movements a lot. A higher than expected reading of the index should be taken as positive/bullish trend for “loonie”. United States will close the week with publication of Personal Spending, Chicago PMI and Michigan Consumer data (Consumer Expectations and Consumer Sentiment). News will be released right before the end of the weekly session (4:45 and 4:55 p.m.), so be careful and watch your deals on the volatile market. This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

  2. #322
    Join Date
    May 2013
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    EURUSD has been a very volatile pair right now, and still waiting for any predictive signal.

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