We start the week with interesting news in Australia Home Loans, In Europe German Trade Balance, in Japan the Economy Watchers Sentiment and more. Let’s see what awaits us today.
In Australia, Home Loans decreases by 0.2%, the monthly a leading indicator of demand in the housing market, that measurers the change in the number of new loans granted for owner-occupied homes and provides an excellent gauge of how many qualified buyers are entering the market.
In Europe German Trade Balance, the Difference in value between imported and exported goods during the reported month, rise by 1.8 points and Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers
Also in Europe, Sentix Investor Confidence, a monthly survey of about 2,800 investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone, indicates optimism of 2.4 points.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, British Retail Consortium (BRC) Retail Sales Monitor stabilized at 1.2%. A monthly report that measures the change in the value of same-store sales at the retail level/
More in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, a leading indicator of housing inflation because surveyors have access to the most recent price data by virtue of their job and measures the level of a diffusion index based on surveyed property surveyors decreases by 4%.
Read more about the Pound in the GBP/USD forecast.
In Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, monthly data that have more impact when it’s released ahead of the government employment data rather than after, and measures the change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Economy Watchers Sentiment, monthly survey of about 2,000 workers which asks respondents to rate the relative level of current economic conditions, and measures the level of a diffusion index based on surveyed workers who directly observe consumer spending by virtue of their job; rise up by 0.5 points but still indicates pessimism with 48 points.
More in Japan, Current Account, a monthly report linked to currency demand – a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country, rise up by 0.54 T and measures the Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month
That’s it for today. Happy forex trading!
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