2013-01-27 15:00 GMT (or 16:00 MQ MT5 time) | [ USD - New Home Sales]
if actual > forecast = good for currency (for USD in our case)
U.S. New Home Sales Fall Much More Than Expected In December
New home sales in the
U.S. fell by much more than anticipated in the month of December,
according to a report released by the Commerce Department on Monday,
with sales pulling back further off the five-year high set in October.
report said new home sales tumbled 7.0 percent to an annual rate of
414,000 in December from the revised November rate of 445,000.
Economists had expected sales to dip to 455,000 from the 464,000
originally reported for the previous month.
Gold futures pare loss as U.S. equities fall (source - marketwatch.com article)
Traders awaited an upcoming two-day meeting of the Federal Open Market
Committee that begins on Tuesday and are looking ahead to the week’s U.S. economic data calendar,
which includes durable goods orders and consumer confidence on Tuesday
and manufacturing and consumer-sentiment figures on Friday.
Gold for February delivery
fell 30 cents to $1,264 an ounce on the Comex division of the New York
Mercantile Exchange after earlier touching lows under $1,260. Last week,
prices scored a 1% climb and ended Friday at their highest level since Nov. 19. Over the past five weeks, gold has managed to tack on 5%.
hung onto gains, rising 8.5 cents, or 0.4%, to $19.85 an ounce, rebounding from a 2.7% loss last week.
“Gold has seen a substantial rally in recent sessions, breaking through
several technical resistance levels, but we expect that the precious
metals market will largely tread water until the [Federal Open Market
Committee] announcement Wednesday,” said Tyler Richey, an analyst for
the 7:00’s Report, which offers daily markets commentary. “That is
unless we see emerging-market turmoil in the next 48 hours, which would obviously be bullish for gold.”
2013-01-28 00:30 GMT (or 01:30 MQ MT5 time) | [ AUD - NAB Business Confidence]
if actual > forecast/previous = good for currency (for AUD in our case)
Australia Business Conditions Index Climbs To 4 - NAB
An index measuring business
conditions in Australia came in with a score of 4 in December, the
latest survey from NAB revealed on Tuesday - touching a
The December reading was up sharply from -3 in November,
The index for business confidence came in at 6, which was unchanged from the previous month following an upward revision from 5.
Beijing Loses Grip of the Chinese Financial Market
The gloomy mood in China's industry dropped at end of the week for the
international stock exchanges. With the Communist government seeking to
streamline and deregulate the financial sector foreclosure, Beijing is
gradually losing the chain of the Chinese Market.
With growing concern for companies and business leaders with regards to
the second largest economy in the world, due to the decreasing tension
of the economic engine, China is looking forward to the next stage of
its strategic reform program. Thus, Beijing is hoping to open the
hitherto of the relatively foreclosed Chinese financial sector and
internationalize its currency.
Forecast: 0.7% to 1.0%
How To Trade This Event Risk
Bullish GBP Trade: 4Q GDP Climbs 0.7% or Greater
Potential Price Targets For The Release
3Q A 2013 U.K. Gross Domestic Product :
2013-01-28 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Durable Goods Orders]
U.S. Durable Goods Orders Show Unexpected Decrease In December
With orders for transportation equipment showing a substantial
decrease, the Commerce Department released a report on Tuesday showing
that new orders for U.S. manufactured durable goods unexpectedly dropped
in the month of December.
The report said durable goods orders tumbled by 4.3 percent in December following a revised 2.6 percent increase in November.
2013-01-28 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Consumer Confidence]
U.S. Consumer Confidence Continues To Improve In January
Consumer confidence in the U.S. improved for the second consecutive
month in January, according to a report released by the Conference Board
on Tuesday, with the consumer confidence index rising by more than
expected during the month.
The Conference Board said its consumer confidence index climbed to 80.7 in January from a downwardly revised 77.5 in December.
had expected the consumer confidence index to edge up to 79.0 from the
78.1 originally reported for the previous month.
The report showed
that the present situation index rose to 79.1 in January from 75.3 in
December, reflecting a continued improvement in consumers' assessment of
overall present-day conditions.
However, we may see a growing number of Fed officials favor a
less-aggressive approach in normalizing monetary policy amid the
spillover-effects to the global economy, and a material shift in central
bank rhetoric may undermine the bullish sentiment surrounding the
dollar if the FOMC implements a dovish twist to its forward-guidance.
How To Trade This Event Risk
Bullish USD Trade: FOMC Delivers Another $10B Taper & Pledges to Stay on Course