UK average earnings in focus

November 11, 2015

Some mixed Chinese data earlier this morning with higher than expected retail sales but lower industrial production indicates how the world’s second largest economy is shifting to a more consumer based economy. This has had little impact on FX markets overnight, the Aussie is above the 0.7000 level which remains a major support level, cable is holding onto 1.5000 and EURUSD keeps 1.0600 at bay. But European stocks are expected to bounce on the open in what is likely to be another quiet trading session.

Sterling will be in the spot light once again though with UK unemployment data out this morning. Despite market expectations for the first rate hike from the Bank of England to be at the back end of next year, if indeed in 2016 at all, the pound has recouped a lot of ground against the single currency with EURGBP heading back towards the 0.7000 level and the figure to watch will be the average earnings which is expected to rise from 3.0% to 3.2%. A strong release here could give sterling another push higher against the euro and test that 0.7000 level (1.4285 on GBPEUR) and it would put pressure on more MPC hawks to emerge.

Publication source
FxPro information  FxPro reviews

December 7, 2016
Will ECB support Italy?
The yield of the Italian sovereign debt fell on Tuesday as the focus moved to the political uncertainty on the market. After Renzi’s crash on the weekend and the expectations of the ECB measures to deal with the possible fallout of the financial markets...
December 7, 2016
WTI bears on the prowl
WTI Crude was vulnerable to sharp losses on Tuesday following reports of OPEC output rising to a worrying record high of 34.19 million barrels per day in November which revived the oversupply concerns
December 7, 2016
CAD claws back ground
The Canadian dollar has finally managed to gain some ground against the strong USD after weeks of the market waiting for it to react to oil prices beginning to show some turn after the recent OPEC agreements...

Orbex Rating
FIBO Group Rating
 FXTM Rating
FxPro Rating
XM Rating
Grand Capital Rating

Beeoptions Rating
TropicalTrade Rating
OptionFair Rating
Banc De Binary Rating
TopOption Rating
Grand Option Rating