Economic Calendar


Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com

Currency Strenght

Wednesday 30 March 2011

Can we Predict the Future like Nostradamus!! GBPUSD Hourly Charts



Index of Services
 Actual  -0.50%  
Forecast  -0.90%  
Previous  -0.60%  &
CBI Distributive Trades Survey
 Actual  15.00  
Forecast  -1.00  
Previous  6.00  
What next then


The US
The ADP National Employment Report
Actual
forecast 210.00k
Previous 217.00k


The ADP National Employment Report is a measure of the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients. This release, 2 days before the government-released employment data , is a good predictive to the government's non-farm payrolls data. The change in this indicator can be very volatile.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.





Then the GBP
The Gfk Consumer Confidence

The Gfk Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected read should be taken as negative/bearish for the GBP.
Actual-
Forecast210.00K
Previous217.00K


No comments:

Post a Comment