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Economic Calendar Breakdown for the Week of May 24th

The staff at Forex Club would like to wish you a great trading week. To help you nail each of your trades, we'd like to give you this breakdown of the economic events occurring during the week of May 24th, 2009.

On Tuesday, May 26th, the USD may move due to CB Consumer Confidence at 14:00 (GMT). The forecast for Consumer Confidence is 42.7. If the actual amount of Consumer Confidence is above 42.7, economic expansion will be stimulated, strengthening the currency. If the actual amount is below the forecasted amount, an inverse effect will happen, weakening the currency. At 23:50, the Bank of Japan will publish a study of Japan's economic movements. Any changes in the report may cause volatility with the JPY.

On Wednesday, May 27th, the NZD may move due to the Business Confidence released by the National Bank of New Zealand. This will occur at 03:00 (GMT). A high reading is seen as bullish for the NZD, while a low reading is seen as bearish. At 14:00, Existing Home Sales may cause the USD to move. The forecast for Existing Home Sales is 4.65M. A higher actual reading will be seen as positive for the USD, while a lower reading will be seen as negative.

On Thursday, May 28st, at 1:30 (GMT) the AUD may move due to the Private Capital Expenditure. The forecast for this event is -5.5%. Past results have been equal to or greater than the forecast amount since August 27th, 2008. Actual results equaling greater than the forecast amount are seen as being positive for the AUD, while results being less than the forecast amount are seen as negative. At 10:00 (GMT), the Confederation of British Industry will release its Realized Sales survey. Results from this survey may affect the GBP. The forecast for this event is -10. Actual results above 0 indicate higher sales volume, while negative numbers indicate lower sales volume. At 12:30 (GMT), the USD may move due to US Census Bureau's Durable Good Orders, which is released every month. The forecast amount is -0.4. At the same time, the USD may also move due to Unemployment Claims. The forecast is 628K. At 14:00 (GMT), New Home Sales may cause the USD to move. The forecast is 363K.

On Friday, May 29th, at 9:00 (GMT), the EUR will be affected by the Consumer Price Index and the Unemployment Rate. The forecast of the Consumer Price Index is 0.2%, while the Unemployment rate forecast is 9.1%. At 12:30 (GMT), the USD will be affected by the Gross Domestic Product Annualized. The forecast for this event is -5.5%.

We hope you research each of the events listed above and use them to your advantage. As always, Forex Club would like to wish you a healthy week filled with successful trades.
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26 May | 0 comments

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