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Trading the News: U.S. Gross Domestic Product (GDP) An upward revision in the preliminary 1Q Gross Domestic Product (GDP) report may trigger near-term selloff in EUR/USD as signs of a stronger recovery provide the Federal Open Market Committee (FOMC) with greater scope to implement higher borrowing-costs. What’s Expected: Why Is This Event Important: With the U.S. economy approaching ‘full-employment,’ ...
Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent. EUR/USD M5: 47 pips price movement by Durable Goods Orders news event: more...
Private capital expenditure in Australia was down a seasonally adjusted 5.2 percent on quarter in the first three months of 2016, the Australian Bureau of Statistics said on Thursday - standing at A$30.613 billion. more...
Trading the News: U.S. Durable Goods Orders Another 0.5% expansion in orders for U.S. Durable Goods may heighten the appeal of the greenback and spur a near-term decline in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy. What’s Expected: Why Is This Event Important:Even though Fed Chair Janet Yellen remains in no rush to implement higher ...
Trading the News: Canada Consumer Price Index (CPI) Despite forecasts for a rebound in Canada’s Consumer Price Index (CPI), a marked slowdown in the core rate of inflation may drag on the loonie and spark a further advance in USD/CAD as it dampens interest-rate expectations. What’s Expected: Why Is This Event Important: Even though the Bank of Canada (BoC) has turned upbeat on the economy in ...
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