News of the day. Wednesday 14.10.2015

October 14, 2015

Wednesday is going to have plenty of important publications that could affect dynamics in currencies. Labour market data from the UK is due at 11:30 am (all times stated in GMT +3). The most important publications will include the ILO Unemployment Rate for August that is forecasted to remain at the previous level of 5.5%, and the Claimant Count Change for September. The number of claimants is expected to fall by 2.1 thousands that would support the Pound. August data on Industrial Production for the eurozone countries is due at 12 pm and its forecasts are rather negative. The Industrial Production w.d.a. is expected to fall from 1.9% to 1.8%, while the Industrial Production s.a. could decrease by 0.5%. If forecasts are confirmed the Euro is going to be under serious pressure.

The US data will also include important releases. Retail Sales for September are due at 3:30 pm. The figure is expected to remain at the previous level of 0.2%, while Retail Sales ex Autos will continue its 3-month fall and comes out at -0.1%. At 9 pm, investors are going to follow the publication of the Fed’s Beige Book that contains data on country’s manufacturing, agriculture, consumer spending, credit and property sector for 12 federal districts in the US. It is worth noting that the report is coming out 2 weeks before the planned FOMC meeting and the data could result in new monetary policy decisions.

On Wednesday night, macroeconomic statistics are released in Asian markets. September labour market data is due at 3:30 am in Australia. It is worth paying attention to the Unemployment Rate s.a. that could increase from 6.2% to 6.3%, and to the Employment Change s.a. The number of employed could increase by 5 thousands, which however is a low reading and would pressure the AUD. Finally, at 7:30 am August data on Industrial Production is due in Japan. The figure is expected to remain at the previous -0.5%. 

Publication source
LiteForex information  LiteForex reviews

December 9, 2016
Gold is tired of moving in the range
On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...
December 9, 2016
Oil prices ignored bigger-than expected drop
After an Asian consolidation oil prices moved higher on Thursday. The price slightly grew and reversed the minor part of its losses. The benchmark approached 53.50 post-Europe open. The price stayed below the 50 and 100 EMAs in the 1 hour chart...
December 9, 2016
EURUSD Trades Below Significant Resistance
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800...

OANDA Rating Rating
OctaFX Rating
Orbex Rating
HYCM Rating

Anyoption Rating
Empire Option Rating
TopOption Rating
EZTrader Rating
Banc De Binary Rating
365BinaryOption Rating