GBP The British Pound Sterling fell across the board on Wednesday, after the Bank of England’s Governor, Mervyn King, said a slide of the Pound could help UK exporters and aid Britain’s recovery from recession. The...
GBP The rating agency, Fitch, declared on Tuesday that Britain is most at risk among the big economies to lose its AAA credit rating. The concern that Fitch outlined was that it was evident that Britain’s...
USD The G20 met on Monday and pledged to keep emergency stimulus spending in place until a global recovery is assured. This moved investors out of the US Dollar and into the higher yielding currencies as...
USD The US unemployment situation worsened to levels unseen since 1983 prompting many traders and investors to seek safe-haven shelter in the Dollar. The number of unemployed Americans rose to 10.2%, a .3% increase from expectations...
Retail Sales Measures total receipts of retail stores from samples representing all sizes and kinds of business in retail trade throughout the nation. It is the timeliest indicator of broad consumer spending patterns and is adjusted for...
Purchasing Managers Index (PMI) The National Association of Purchasing Managers (NAPM), now called the Institute for Supply Management, releases a monthly composite index of national manufacturing conditions. The index includes data on new orders, production, supplier delivery...
Knowing what the data means can help you make smarter trades, before and after the data is released. Below are some of the primary pieces of data that successful Forex traders follow.
AUD The Australian Dollar rose modestly on Thursday after Reserve Bank of Australia (RBA) Governor Glenn Stevens, the head of Australia’s central bank, said the country was on headed towards recovery and that spare capacity in...
USD The US Dollar dropped on Wednesday against most majors after a sharp rise in equities and commodities stole the Dollar’s safe-haven appeal. The downturn happened as investors waited for a policy decision from the US...
