News of the day. Tuesday 03.11.2015

November 3, 2015

On Tuesday, important macroeconomic statistics are going to be published in the UK, the US, New Zealand and the eurozone. The PMI Construction for October is due at 11:30 am (all times stated in GMT +2) in the UK. The index is expected to remain unchanged at 59.1 points that would show positive dynamics in the construction sector, one of the keys sectors representing the state of the economy, as it stands above the 50-point threshold. Factory Orders for September are due at 5 pm in the US. The index is forecasted to grow from -1.7% to -0.8%. Thus, contraction in the volume of orders will slow but remain that could pressure the US Dollar. At 9 pm, economists expect the Speech by ECB President Mario Draghi at the Opening of the European Cultural Days 2015 in Frankfurt, Germany. In the speech, he could touch upon the current state of the European economy and future monetary policy plans. The Unemployment Rate for the third quarter of the year is due at 11:45 pm in New Zealand. According to forecasts, the figure will grow from 5.9% to 6% that would weaken the NZD. On Tuesday night at 2:30 am, September Retail Sales data is due in Australia that expected to remain unchanged at 0.4%.

Publication source
LiteForex information  LiteForex reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

Grand Capital Rating
FBS Rating
HotForex Rating
HYCM Rating
OANDA Rating
Orbex Rating

Banc De Binary Rating
OptionBit Rating
OptionsXO Rating
TropicalTrade Rating
OptionRally Rating
Anyoption Rating