Friday’s Key Global Events
There are numerous events taking place across the world tomorrow which will have an impact on global Forex markets. As these events can play an important role in raising or lowering the value of currency pairs, we have listed Friday’s Key Global Events to give your trading an edge ahead of the weekend.
Traders at Spread Co and other online Forex brokers across the globe could benefit from events focussed around JPY, USD, EUR and CAD currency pairs, which is why we are keeping you up-to-date with this vital information.
- 05:30 – All Industries Activity Index: This index measures the monthly change in overall production by all sectors of the Japanese economy. The forecast is -1.30%, which if correct would lower the value of the yen at Spread Co and other online Forex brokers.
- 07:45 – French Consumer Spending: The French Consumer Spending figure is a key factor in the economic growth of France, one of the EU’s largest economies. The forecast is 0.30%, which would help to rally the euro if correct.
- 09:00 – Italian Retail Sales: This is another key indicator for the euro as it is an important indicator of consumer spending in Italy and also identifies to consumer confidence. Once again the forecast is 0.30%, which would also assist the struggling single European currency.
- 09:30 – UK GDP: The UK’s Gross Domestic Product (GDP) is the most effective measure of economic activity and is a trusted indicator of the UK’s economy as a whole. The forecast is 0.40%, which should see the pound continue to strengthen against many other currencies.
- 13:30 – Canadian Core Retail Sales: These figures are a monthly measurement of all goods sold by retailers in Canada. The forecast is 0.90%, which should further boost the advancing Canadian currency at Forex markets such as Spread Co.
- 15:00 – US New Home Sales: The New Home Sales measures the annualised quantity of new homes that were sold during the previous month. The forecast is 325,000.
If you want the chance to profit from these key global events visit www.spreadco.com where you can open a new Forex trading account in minutes with as little as £100.
