Trading the News: U. of Michigan Confidence Survey A rebound in the U. of Michigan Confidence survey may spark a bullish reaction in the U.S. dollar and fuel the recent selloff in EUR/USD should the data print highlight an improved outlook for growth and inflation. What’s Expected: Why Is This Event Important: The Federal Open Market Committee (FOMC) looks poised to deliver a December rate-hike ...
Australia posted a seasonally adjusted merchandise trade deficit of A$1.227 billion in September, the Australian Bureau of Statistics said on Thursday. more...
Building approvals in Australia were down a seasonally adjusted 8.7 percent on month in September, the Australian Bureau of Statistics said on Wednesday, coming in at 18,945. more...
Trading the News: U.S. Gross Domestic Product (GDP) The U.S. economy is projected to grow an annualized 2.5% in the third-quarter of 2016, and a marked pickup in the Gross Domestic Product (GDP) may boost the appeal of the greenback and trigger a near-term decline in EUR/USD as it fuels speculation for an imminent Fed rate-hike. What’s Expected: Why Is This Event Important: It seems as though ...
Trading the News: U.K. Gross Domestic Product (GDP) GBP/USD may stage a larger rebound over the next 24-hours of trade as the advance Gross Domestic Product (GDP) report is expected to show the U.K. economy expanding another annualized 2.1% in the third-quarter of 2016, and signs of better-than-expected growth may encourage the Bank of England (BoE) to retain the current policy throughout the remainder of the year as the central bank sees growing risk of overshooting the 2% target ...
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