News of the day. Monday 28.09.2015

September 28, 2015

On Monday, major fundamental announcements and events are due in the US. At 3:30 p.m. (GMT+3) Personal Income and Personal Spending statistics are released. Personal Income provides insight on the labor market situation, as labor earnings account for major part of personal income. Personal Spending may serve as an indicator for GDP and inflation assessment. Both Personal Income and Personal Spending are expected to remain unchanged at 0.4% and 0.3%, respectively.

Pending Home Sales statistics for August is due at 5:00 p.m. (GMT+3). The indicator is based on signed real estate contracts and is one of the most important for assessment of the US housing market situation. The forecast is rather negative: a decline from 0.5% to 0.2% is expected, thus, the USD will be under pressure.

At the end of the day, at 8:30 p.m. (GMT+3) and 00:00 a.m. (GMT+3), market participants will turn their attention to the speeches given by two members of the Federal Reserve: Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago, and John Williams, president and chief executive officer of the Federal Reserve Bank of San Francisco. They may share their views on the possibility and the timing of an interest rate increase.

Publication source
LiteForex information  LiteForex reviews

January 24, 2017
Gold turned bearish
Traders have not changed their opinion preserving upbeat tone on Monday. The demand for the metal grew amid uncertainty around Trump's proposed fiscal policy measures. A weak sentiment surrounding equity markets lent some support to the precious metal as well...
January 24, 2017
Caution reigns over the markets
The week kicks off with a sharp depreciation of the US Dollar, as hedge fund managers withdrew from the Dollar causing net speculator positions drop to three-week lows at 310,475...
January 24, 2017
The strong start of the new US presidency makes USD softer
So this is how Donald Trump first day in office looks like. He has easily made it to the headlines, In his first executive orders he confirmed that NAFTA will be renegotiated and that the US no longer applies for the TPP...

 FXTM Rating
FOREX.com Rating
OANDA Rating
Fort Financial Services Rating
FIBO Group Rating
OctaFX Rating

Beeoptions Rating
Migesco Rating
Dragon Options Rating
TropicalTrade Rating
99Binary Rating
Binary Brokerz Rating