Trading News to Watch Next Week (June 22-26, 2015)

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Monday June 22, 2015

Existing Home Sales – USA – 3:00 pm GMT

On the 22nd of June the National Association of Realtors (NAR) will present the data from the last-month real-estate sales. Last months data didn’t meet the expectations of 5,23M couldn’t be reached, however the actual value of 5,04M, which is the lowest number since January, didn’t cause the EUR/USD to move drastically.

Tuesday June 23, 2015

HSBC Flash Manufacturing PMI- 2:45 am GMT

Manufacturing Purchasing Managers is the index that shows results of a survey among purchasing managers in the manufacturing field, asking for an evaluation of the business conditions in the country.
For the past 3 measurements it’s been indicating contractions (below 50.0). As well as that, the currency was negatively influenced due to higher forecast.

French Flash Manufacturing PMI – 8:00 am GMT

For the past 1 year the French Flash Manufacturing PMI has been maintaining levels of just under 50, although last month’s data was better than the forecast, and so this month’s prediction is for a value of 50.1, which would indicate an expansion of the French economy.

German Flash Manufacturing PMI – 8:30 am GMT

The forecast for the German Flash Manufacturing PMI is 51.5 – in line with the data for the previous few months. This is not surprising, given that this is one of Europe’s most sustainable economies.

Core Durable Goods Orders m/m – USA – 1:30 pm GMT

This event indicates the change in the total value of new purchased orders placed with manufacturers for durable goods, excluding transportation items for the past month. In May the actual numbers matched the forecast for a 0.5% increase. If the prediction for this month (0.6%) comes true, this may influence the US dollar positively.

 

Wednesday June 24, 2015

German Ifo Business Climate – 9:00 am GMT

The German Ifo Business Climate survey tends to move markets when announced – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. We will be keeping an eye on the euro this Wednesday.

Final GDP q/q – USA – 1:30 pm GTM

The -0.2% forecast for the US final GDP this quarter is moderately optimistic. In the previous quarter, the USD didn’t move much following the announcement, however the US GDP is announced in three stages – Advance, Preliminary and Final, the first one usually having the highest chance of moving the markets.

 

Thursday June 25, 2015

Unemployment Claims – USA – 1:30 pm GMT

The unemployment level keeps decreasing. Woohoo! Does this mean that the 2009 crisis is over? It seems that Americans are getting closer to reclaiming the American dream, especially after last weeks forecast for the number of people who filed for unemployment insurance for the first time, which was higher than the actual data.

Trade Balance – New Zealand – 11:45pm GMT

On Thursday New Zealand will release the new month’s trade balance. If the tendency from the previous years continues, it is expected that this month’s ratio of imported to exported goods will be lower than the ones from last month.

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