Forex online trading news go back and forth, with recent developments on both side of the Atlantic, plus discouraging figures coming out from the most important emergent markets in the world.
Forex online trading news go back and forth, with recent developments on both side of the Atlantic, plus discouraging figures coming out from the most important emergent markets in the world. This week, traders will want to pay attention to important U.S economic indicators which could lead to some market volatility. On Tuesday, Retail Sales, Core Retail Sales and PPI figures are planned to be released. Thursday will have markets waiting for the manufacturing data and Friday will see the much anticipated consumer sentiment indicator. All of them are expected to reflect growth in the U.S economy. This comes as other positive U.S economic data has recently seen the light of day. U.S unemployment claims now stand at 361K, a step down from the expected 371K, and a deficit of only $42.9 billion, which means a larger GDP. The dollar is now making small gains against currency rivals. The forex online trading USD/JPY pair was trading under 78.50 and EUR/USD went lower to around 1.23 prior to release. In effect, the first half of the EUR/USD has been taking some hits, not only by the positive U.S data, but also with the awaited Spanish aid request not happening and the German opposition of potential European Central Bank debt bond purchase. Also, Greece continues to juggle its financial troubles in order to avoid a potential euro-exit, but with disappointing economic figures. In its 5th consecutive recession year, Greek economy contracted by 6,2 percent in the second quarter, compared to 2011. The European commission expects Greek economy to embark again on a growing path only by 2014, following the austerity measures implanted by the new conservative government lead by Antonis Samaras, which have certainly diminished production in the southern country. Recent German economic data has been weak with PMIs, industrial production and manufacturing orders all disappointing the markets. Any further signs of economic decline in Germany could send disastrous hints to forex online trading markets that Europe`s locomotive is not immune to the European debt crisis. Leaving Europe, fears of an economic slowdown in emergent markets are also making its way to Forex online trading consideration. The so-called BRIC countries (Brazil, India, Russia and China) are growing, but since the start of 2012 there have been unmistakable signs that economic problems are not confined to Europe, North America and Japan. India has slowing growth and high inflation, Russia’s industrial weakness has been masked by high oil prices, Brazil has felt the impact of weak economic growth in the U.S and China’s cheap export model has started to stumble.