Forex Fundamental Analysis November 2010 Europe and U.S
Forex Fundamental Analysis November 2010 Europe and U.S – How do we analyze the forex with fundamental techniques of price movement that will occur in nomeber 2010. Check out our fundamental analysis.
European Session
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14:15 pm – Switzerland – Trade Balance – The difference between imports and exports is predicted to still be in deficit, in this month amounted to 1.54 billion USD, if the data was released at the top, or have a surplus it will be profitable CHF.
16:00 – Europe – Current Account – The difference between exports and imports of goods, services, income and unilateral transfers predicted a deficit of 2.2 Billion EUR, the last three months of deficit, which hit EUR. This data relates to currency demand, the surplus can be interpreted that the foreign party to purchase domestic currency with the higher numbers. If the data released over the prediction it will be good for the EUR.
16:30 pm – UK – Public Sector Net borrowing – Difference in income and government expenditure during the last month predicted by 9.0 billion GBP. Two last month released data on predictions that suppress GBP. If the data released this month under a prediction it will be profitable GBP.
16:30 pm – UK – Retail Sales – Change in value of total retail sales levels estimated to increase by 0.5% from last month. If the data released over the prediction it will be good for the GBP.
England – Prelim Mortgage Approvals – The number of new shares in line with the purchase of the property last month amounted to 44,000 Pounds, progressively decreasing in the last 3 months. This is related to the demand in the property market. If the data released over the prediction it will be profitable GBP.
17:00 pm – Switzerland – ZEW Economic Expectations – Level a composite index based on institutional investors and analysts. If the actual data is above 0 then the resulting optimism, on the contrary indicates pessimism. This shows the health of future economic activity.
18:00 pm – UK – CBI Industrial Order Expectations – Level composite index predicted a deficit at the level of 24, based on the manufacturing sector were surveyed. This is an indicator that shows economic health, which could be a signal that future economic activity. If the data released are better than predicted, it will support the GBP.
American Session
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20:30 pm – Canada – Foreign Securities Purchases-The total value of domestic stock, bond and money market assets purchased by a foreign party is predicted to be 8.16 billion CAD, under last month’s data. Demand for domestic securities and demand for currency is very closely linked, because the foreigners have to buy the domestic currency to buy securities of a State. If the data released in the above predictions, it will be profitable CAD.
20:30 pm – Canada – Leading Index – The index is predicted at 0.2% level, the data last month deficit of 0.1% did not reach the predictions. If the re-released this month on top of it will be a good predictor for CAD.
20:30 pm – Europe – Speech ECB President Jean Claude Trichet – Speech at the Central Bank ECB sixth conference entitled “Approaches to monetary policy revisited – Lessons from the crisis” in Frankfurt. Optimistic statement will contribute to the EUR.
20:30 pm – America – Unemployment Claims – The number of people claiming unemployment insurance are at 442,000, lower than last month’s data. Although it is an indicator of late but the amount of unemployment is one signal of overall economic health, because public consumption is highly correlated with labor market conditions. If the data was released under a prediction it will benefit the USD.
21:45 pm – United Kingdom – Speech Adam Posen External Committee Member BOE – Speech at the Cato Institute 28th Annual Monetary Policy Conference, held in Washington DC. Optimistic statement will provide support to the GBP.
22:00 pm – America – Philly Fed Manufacturing Index – a composite index level of the manufacturing sector in Philadelphia is predicted to be 5.1, for three consecutive months of data released under prediction. This led to the economic health and future economic activity. If the data released in the above predictions, it will benefit the USD.
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