5 important things this week will bring us!
- Australian NAB business confidence level (Tue, 3:30 MT time) - The digits for the previous period have been the lowest since the beginning of the year. It is connected with trade wars between the US and China and falling prices on the housing market. Will this month’s data outperform the previous one?
- The August GDP and manufacturing production level for Great Britain (Wed, 11:30 MT time) – The GDP is expected to increase by 0.1% after reaching 0.3% in July. At the same time manufacturing production is forecast to expand by 0.1%. Remember that if the actual numbers are higher than the forecasts, the GBP will grow.
- The US producer price index (PPI) (Wed, 15:30 MT time) - economists expect the indicator to increase by 0.2% in September.
- The US consumer price index (CPI) and core CPI (Thu, 15:30 MT time) – CPI as well as core CPI will grow by 0.2% in September according to experts.
- The US crude oil inventories (Thu, 18:00 MT time) – The change in the number of oil barrels have an effect on the prices of Brent and WTI. It affects the Canadian dollar too. Do not forget to follow USD/CAD!
- Further trade tensions between China and the United States are coming. Right now the USA is seeking the way to prevent Japan, the UK and the EU from making separate trade agreements in order to isolate “non-market” China.
- Italian crisis does not mean Italy is going to leave the EU any time soon.
- More details on Brexit are anticipated as the Brexit summit is planned on October 17.
Follow us for more news and have a successful week of trading!
News to trade on December 19
Find out how to trade the key currency pairs ahead of the Federal Reserve meeting!
French surge will bounce back after protest-powered deceleration
French surge should regain early in 2019 after wild anti-government riots as well as wilting business confidence cut short a previously anticipated year-end revival…
Trade the USD on the extreme volatility
The Federal Reserve will make its monetary policy statement and announce the official rate on December 19, at 21:00 MT time.
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…