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- Submitted May 17, 2019|From orbex.com
USD has been trading firmly over the last European session of the week so far, extending gains from yesterday in reaction to better than expected US data as both building permits and continuing claims saw positive surprises. Looking ahead to the ...
- Submitted May 17, 2019|From orbex.com
The University of Michigan’s consumer sentiment index is forecast to rise in May following the decline in April. Economists forecast that consumer sentiment will improve to 97.8 for the current month. This follows the declines in April where ...
- Submitted May 16, 2019|From orbex.com
Crude oil prices have continued to trade in the green this week despite the latest industry reporting showing increased stock levels. The weekly report from the Energy Information Administration was released yesterday. It showed that US crude ...
- Submitted May 16, 2019|From orbex.com
The monthly building permits data will be released by the Commerce Department today. According to economists polled, building permits are forecast to rise 1.298 million in April. This follows a modest increase from March. Building permits were ...
- Submitted May 16, 2019|From orbex.com
In a Forex context, “peripheral yields” generally refers to the yields on bonds issued by countries in the EU “periphery”. They were closely followed by traders around the 2011 financial crunch, and have since been somewhat forgotten. However, they ...
- Submitted May 15, 2019|From orbex.com|10 comments
May Brings Vote Forward Brexit negotiations have once again swung into the spotlight.UK Prime Minister Theresa May has announced that she will put her Brexit deal before parliament in a vote in early June. May has been engaged in cross-party talks ...
- Submitted May 14, 2019|From orbex.com|4 comments
Tomorrow is a very big day for the euro according to the economic calendar. There’s plenty of data on tap that could potentially move the currency. Arguably the most important figure is the German quarterly GDP. This is because itis the lead for the ...
- Submitted May 10, 2019|From orbex.com
The monthly labor market report from Canada will be coming out later today. Data from Statistics Canada is forecast to show that the economy added 44.1k jobs in April. The unemployment rate, meanwhile, is forecast to remain steady at 5.8%. The ...
- Submitted May 9, 2019|From orbex.com
Tomorrow is a major economic news day for the UK, with a host of indicators scheduled to come out. But, the most important data we are expecting will be the Q1 GDP numbers. The UK is one of the last of the major economies to report their results ...
- Submitted May 9, 2019|From orbex.com
The declines in crude oil came to a halt this week as, despite an early indication of a further build by the API report, Wednesday’s EIA reports showed a drawdown in US crude stocks. The report from the Energy Information Administration showed that ...
- Submitted May 9, 2019|From orbex.com
The Labor Department will be releasing the monthly producer prices index report later today. A poll of economists shows that the median estimates point to a somewhat weaker pace of increase in the PPI. Economists expect headline PPI to rise just ...
- Submitted May 8, 2019|From orbex.com
With the large amount of stimulus that the Chinese government has been putting into the economy, we ought to expect some impact on the inflation rate. So analysts are going to be keen to see what happens with the upcoming data. Also, as the yuan ...
- Submitted May 7, 2019|From orbex.com
Now that the RBA meeting is over, and concluded with what is being called a “dovish hold”, attention is moving on what we can expect out of New Zealand later today. Because of how connected the two economies are, their monetary policy tends to move ...
- Submitted May 7, 2019|From orbex.com
Oil prices have had a very volatile start to the week indeed. Yesterday, as the market reacted tonews of President Trump’s fresh trade tariff threats to China,crude was initially heavily sold. Trump announced on Twitter that as of Friday, levies ...
- Submitted May 7, 2019|From orbex.com|2 comments
Canada’s Ivey PMI report will be coming out later today. Economists forecast that the index will ease to 51.5 in April. This follows a strong performance in March where the index rose to 54.3. This marked a rebound in activity as the index bounced ...
- Submitted May 3, 2019|From orbex.com
Once you know how and why bonds are so closely related to forex, we need to take a closer look at bond prices and yields. A currency’s value is determined by what you can buy with it. And since most of the currency moves that affect forex are ...
- Submitted May 2, 2019|From orbex.com
Tonight we have one of the last pieces of important economic data ahead of Monday’s RBA meeting. Given the importance of the housing market in Australia’s current economic situation (and the change in the outlook for monetary policy,) we could see ...
- Submitted May 2, 2019|From orbex.com
The short term money markets do not see any rate hikes until 2021. The monetary policy committee is forecast to leave rates steady,but there could be some dissenting votes. The MPC is also forecast to leave the central bank’s asset purchases steady ...
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Orbex commented May 2, 2019Thanks for your comment. Indeed, seasonal adjustments around holiday times need to be accounted for and certainly present recurring patterns. The key aspect here is the outcome of a better than expected print. In light of recent positive data ...
US Manufacturing Activity To Dip In April
- Submitted May 1, 2019|From orbex.com|2 comments
The Institute of Supply Management (ISM) will be releasing April’s report for the manufacturing sector today. According to the median poll of economists, manufacturing activity is forecast to dip from March’s rebound. In March, manufacturing ...