Economic Calendar Breakdown for the Week of May 24th
The staff at Forex Club would like to wish you a great tradingweek. To help you nail each of your trades, we'd like to give youthis breakdown of the economic events occurring during the week ofMay 24th, 2009.
On Tuesday, May 26th, the USD may move due to CB ConsumerConfidence at 14:00 (GMT). The forecast for Consumer Confidence is42.7. 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 inverseeffect will happen, weakening the currency. At 23:50, the Bank ofJapan will publish a study of Japan's economic movements. Anychanges in the report may cause volatility with the JPY.
On Wednesday, May 27th, the NZD may move due to the BusinessConfidence released by the National Bank of New Zealand. This willoccur at 03:00 (GMT). A high reading is seen as bullish for theNZD, while a low reading is seen as bearish. At 14:00, ExistingHome Sales may cause the USD to move. The forecast for ExistingHome Sales is 4.65M. A higher actual reading will be seen aspositive for the USD, while a lower reading will be seen asnegative.
On Thursday, May 28st, at 1:30 (GMT) the AUD may move due tothe Private Capital Expenditure. The forecast for this event is-5.5%. Past results have been equal to or greater than theforecast amount since August 27th, 2008. Actual results equalinggreater than the forecast amount are seen as being positive for theAUD, while results being less than the forecast amount are seen asnegative. At 10:00 (GMT), the Confederation of British Industrywill release its Realized Sales survey. Results from this surveymay affect the GBP. The forecast for this event is -10. Actualresults above 0 indicate higher sales volume, while negativenumbers indicate lower sales volume. At 12:30 (GMT), the USD maymove due to US Census Bureau's Durable Good Orders, which isreleased every month. The forecast amount is -0.4. At the sametime, the USD may also move due to Unemployment Claims. Theforecast is 628K. At 14:00 (GMT), New Home Sales may cause the USDto move. The forecast is 363K.
On Friday, May 29th, at 9:00 (GMT), the EUR will be affected bythe Consumer Price Index and the Unemployment Rate. The forecastof the Consumer Price Index is 0.2%, while the Unemployment rateforecast is 9.1%. At 12:30 (GMT), the USD will be affected by theGross Domestic Product Annualized. The forecast for this event is-5.5%.
We hope you research each of the events listed above and usethem to your advantage. As always, Forex Club would like to wishyou a healthy week filled with successful trades.
On Tuesday, May 26th, the USD may move due to CB ConsumerConfidence at 14:00 (GMT). The forecast for Consumer Confidence is42.7. 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 inverseeffect will happen, weakening the currency. At 23:50, the Bank ofJapan will publish a study of Japan's economic movements. Anychanges in the report may cause volatility with the JPY.
On Wednesday, May 27th, the NZD may move due to the BusinessConfidence released by the National Bank of New Zealand. This willoccur at 03:00 (GMT). A high reading is seen as bullish for theNZD, while a low reading is seen as bearish. At 14:00, ExistingHome Sales may cause the USD to move. The forecast for ExistingHome Sales is 4.65M. A higher actual reading will be seen aspositive for the USD, while a lower reading will be seen asnegative.
On Thursday, May 28st, at 1:30 (GMT) the AUD may move due tothe Private Capital Expenditure. The forecast for this event is-5.5%. Past results have been equal to or greater than theforecast amount since August 27th, 2008. Actual results equalinggreater than the forecast amount are seen as being positive for theAUD, while results being less than the forecast amount are seen asnegative. At 10:00 (GMT), the Confederation of British Industrywill release its Realized Sales survey. Results from this surveymay affect the GBP. The forecast for this event is -10. Actualresults above 0 indicate higher sales volume, while negativenumbers indicate lower sales volume. At 12:30 (GMT), the USD maymove due to US Census Bureau's Durable Good Orders, which isreleased every month. The forecast amount is -0.4. At the sametime, the USD may also move due to Unemployment Claims. Theforecast is 628K. At 14:00 (GMT), New Home Sales may cause the USDto move. The forecast is 363K.
On Friday, May 29th, at 9:00 (GMT), the EUR will be affected bythe Consumer Price Index and the Unemployment Rate. The forecastof the Consumer Price Index is 0.2%, while the Unemployment rateforecast is 9.1%. At 12:30 (GMT), the USD will be affected by theGross Domestic Product Annualized. The forecast for this event is-5.5%.
We hope you research each of the events listed above and usethem to your advantage. As always, Forex Club would like to wishyou a healthy week filled with successful trades.
- 26 May |
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