Hardly a day goes by without a slew of performance indicators being released in many different countries of the world, and if you are a Forex trader then you really do need to be aware of what they are and when they will be released.
It is often the case that a bad set of figures released on any market sectors in any country of the world or continent can and will have an instant impact on the value of a range of different currencies, and with that in mind I am going to be taking a look at what sets of figures and reports you are going to be able to make use of today the 14th of August 2018.
Today’s UK Economic Events
There are going to be three main sets of data released in the UK today and the first is the Average Earnings Index 3m/y, however it is forecast those figures will be 2.50% and as the previous figures released were also 2.50% that shouldn’t have any dramatic effect of the value of Sterling
Later on today the UK Unemployment Rate figures are going to also be released, however with the prediction being 4.20% which also match the least set of figures which obviously were low at 4.20%, that should be good for GBP and certainly won’t have any negative effect on its value during the course of the day.
EU Economic Events for the 14th of August
There are also plenty of economic events that could affect the value of the Euro today with the German Final CPI m/m being realised which is expected to be 0.30% and also the German Prelim GDP q/q which is predicted to be 0.40%.
The French Final CPI m/m is likely to show a -0.10% drop today and many speculators are expecting the ZEW Economic Sentiment to be -16.4, which is lower than previously. The German ZEW Economic Sentiment are likely to be -20.1 -24.7 and the Industrial Production m/m is predicted to be -0.30% which was 1.30% on the last report.
As far as the US goes there will be the NFIB Small Business Index figures and the Import Prices m/m stats that will be announced later today too, both of which should be positive and should cause the US Dollar any problems what do ever on the Forex and currency markets.