News of the day. Monday 05.10.2015

October 5, 2015

Monday is not going to have plenty of important macroeconomic statistics and markets will be resting after busy Friday. However, attention needs to be paid to Retail Sales data for August from the eurozone, due at 12 pm (all times stated in GMT +3). These figures can differentiate from one another. For example, in July sales grew by 0.4% in monthly terms and by 2.7% on the previous year. Nevertheless, positive tendency continuation would lead to strengthening in the Euro. At 11 am, Markit Services PMI data for September is due in the eurozone, while at 5 pm ISM Non-Manufacturing PMI is due in the US. Both figure are expected to come out significantly higher than 50 points threshold. On Monday night at 6:30, the RBA Interest Rate Decision is going to be published, while economists expect the rate to remain at its current 2%. At the same time, market participants will pay close attention to the RBA Rate Statement, in which the regulator is going to share its view on the Australian economy and its future prospects. 

Publication source
LiteForex information  LiteForex reviews

September 29, 2016
OPEC blinks
Yesterday decision by OPEC to restrict oil supply has pushed the price of crude higher by some 5%. The move took the markets by surprise, with the divisions between Iran (who are still enjoying their return to global markets)...
September 29, 2016
Gold weighed down by US data
The gold price is down for a second straight day today as investors await a raft of data from the US this week which may decide the question of an interest rate hike...
September 29, 2016
Informal OPEC meeting seizes limelight
Global stocks were chaotic on Tuesday with most equities vibrating between losses and gains as the mixture of anticipation ahead of OPEC - informal meeting and ongoing discussions over the results of the first presidential debate created explosive levels of volatility...

Tickmill Rating
FOREX.com Rating
FXCM Rating
FBS Rating
XM Rating
Fort Financial Services Rating

Banc De Binary Rating
Empire Option Rating
IQ Option Rating
OptionFair Rating
OptionTrade Rating
TropicalTrade Rating