Dollar to be at the Forefront of Forex Trading Today
October 16th, 2009 Posted in Daily Forex News
Tic Long Term Purchases – USD – 13:00 GMT
•Difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners during the reported period.
•Basically measures the attractiveness of U.S. Dollar vs. other currencies.
•Important measure as it gauges international investment in US (and therefore in US currency).
Industrial Production – USD – 13:15 GMT
•Change in the total inflation-adjusted value of output produced by manufacturers, mines and utilities.
•Important indicator of economic health as production levels are correlated with employment levels and consumer conditions.
Prelim UoM Consumer Sentiment – USD – 13:55 GMT
•Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
•Consumer confidence is highly correlated with employment conditions which is a very important measure of economic stability and growth.
Better than expected overall results in today’s economic news will likely boost the EUR against the Dollar further, possibly even above the $ 1.5000 level.
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Tags: Dollar forecast, Dollar to be at the Forefront of Forex Trading Today, dollar trading, Forex, Industrial Production, Prelim UoM Consumer Sentiment, TIC Long-Term Purchases
