Trading the News: U.S. Non-Farm Payrolls The U.S. Non-Farm Payrolls (NFP) report may spark a bearish reaction in EUR/USD as market participants expected another 230K rise in employment paired with an uptick in wage growth. What’s Expected: Why Is This Event Important: A batch of positive developments may spark another near-term rally in the greenback especially as a growing number of Fed officials show ...
The construction sector in Australia fell into contraction in November, the latest survey from the Australian Industry Group and the Housing Industry Association revealed on Friday, with a PMI score of 45.4. That's down sharply from 53.4 in October, and it slides well below the boom-or-bust line of 50 that separates expansion from contraction. The decline was punctuated by a fall in activity (down 6.7 points to 47.4) and ...
Trading the News: European Central Bank (ECB) Interest Rate Decision EUR/USD may continue to mark fresh monthly lows over the next 24-hours of trade should the European Central Bank (ECB) take additional steps to further support the monetary union. What’s Expected: Why Is This Event Important: Indeed, there’s growing speculation that the Governing Council will broaden the scope of its non-standard measures ...
- Canada Gross Domestic Product (GDP) to Slow for Second-Time in 2014. - Growth Rate to Hold Above 2% for Second Consecutive Quarter. Trading the News: Canada Gross Domestic Product (GDP) Canada’s 3Q Gross Domestic Product (GDP) report may generate a near-term bounce in USD/CAD as the growth rate is expected to increase an annualized 2.1% following the 3.1% expansion during the three-months through June. What’s Expected: ...
- U.S. Durable Goods Orders to Contract for Third Straight Month. - Non-Defense Capital Goods Orders ex Aircrafts to Expand for Fifth Time in 2014. Trading the News: U.S. Durable Goods Orders Another 0.6% contract in orders for U.S. Durable Goods may generate a more meaningful rebound in EUR/USD as it dampens the growth and inflation outlook for the world’s largest economy. What’s Expected: ...
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