Fresh indications of trouble throughout the euro zone’s periphery sparked another wave of dollar positions, pushing the USD higher against most of its currency counterparts. The rising tensions on the Korean peninsula added to fears of impending crisis. Safe-haven buy-ins appear to have risen Friday before market closing, but today’s news may bring some strength back to Europe.
Here is a roundup of today’s leading events:
9:30 GMT: GBP – Net Lending to Individuals
This report measures the total change in net value for new credit extended to consumers. It is a monthly report which carries a referential impact on consumer spending, sentiment, and economic growth. If this figure grows as expected, the pound may see some recovery against its primary counterparts in the hours after this report is published.
This Week: USD – Treasury Currency Report
This report was initially scheduled to be published today, but sources indicate it may be postponed due to recent global tensions. It could be released sometime later this week, or as early as next week. It is a release published twice per year which provides a detailed overview of foreign exchange rate policies, economic outlook and conditions, as well as a recap of government actions taken globally over the past 6 months. The report tends to drive volatility during and after its release, but has no predictable impact on direction or valuation. This is a report forex traders will want to keep an eye on.
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Natalie R. is a Market Strategist with ForexYard. Her combination of political and economic analysis into daily fundamental analysis gives her writings a unique perspective for forex traders. She has helped ForexYard generate more efficient and versatile market analysis which she translates into outstanding customer support and trading advice. Her writings have been published on the ForexYard Trading Blog and affiliate websites. Natalie R. holds degrees in Economics and Political Science from Brandeis University.
