Forex Fundamental Analysis and News

Forex Fundamental Analysis and News attempts to gauge the overall state of the economy, by evaluating factors such as interest rates, production, earnings, and investor confidence. Forex Fundamental Analysis and News attempts to determine the real value of a currency based on the condition of the factors underlying the respective economy.

Daily Forex News

Morning Briefing: Thursday 23, October 2014

PMIs get the limelight as currencies wait for direction

Today Forex traders will shift their focus to the flash reading for Manufacturing and Services sectors from the EZ, and the US for the month of October. The UK also reports its retail sales figures for September.

Full Briefing

Calendar

Economic Calendar: Thursday 23 October 2014

Last updated at 4:02pm

  • France

    PMI Flash Manufacturing

    Medium Impact
    Previous: 48.8Forecast: 48.5Actual: 47.3

    The Flash data is an initial estimate of the Manufacturing Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • France

    PMI Flash Composite

    Medium Impact
    Previous: 48.4Forecast: 48.7Actual: 48
  • France

    PMI Flash Services

    Medium Impact
    Previous: 48.4Forecast: 48.3Actual: 48.1

    The Flash data is an initial estimate of the Services Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • Germany

    PMI Flash Manufacturing

    Medium Impact
    Previous: 49.9Forecast: 49.5Actual: 51.8

    The Flash data is an initial estimate of the Manufacturing Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • Germany

    PMI Flash Composite

    Medium Impact
    Previous: 54.1Forecast: 53.6Actual: 54.3
  • Germany

    PMI Flash Services

    Medium Impact
    Previous: 55.7Forecast: 55Actual: 54.8

    The Flash data is an initial estimate of the Services Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • Euro Zone

    PMI Flash Manufacturing

    Medium Impact
    Previous: 50.3Forecast: 49.9Actual: 50.7

    The Flash data is an initial estimate of the Manufacturing Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • Euro Zone

    PMI Flash Composite

    Medium Impact
    Previous: 52Forecast: 51.5Actual: 52.2
  • Euro Zone

    PMI Flash Services

    Medium Impact
    Previous: 52.4Forecast: 52Actual: 52.4

    The Flash data is an initial estimate of the Services Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • United Kingdom

    Retail Sales ex Auto M/M

    Medium Impact
    Previous: 0.2%Forecast: 0%Actual: -0.3%

    The retail sales ex autos data is the component of retail sales which excludes the sales of automobiles.

  • United Kingdom

    Retail Sales M/M

    Medium Impact
    Previous: 0.4%Forecast: -0.1%Actual: -0.3%

    Retail sales figure is an aggregated measure of the sales of retail goods over the measured time period. This is usually compiled using data sampling from different sectors to represent an entire country or region. In the US, this report is called Advance retail sales.

  • United States

    Chicago Fed National Activity Index

    Medium Impact
    Previous: -0.21Forecast: 0.1Actual: 0.47

    The Chicago Fed National Activity Index, published by the Federal Reserve Bank of Chicago, is a monthly gauge of overall economic activity and business conditions.

  • United States

    Weekly Jobless Claims

    High Impact
    Previous: 264000Forecast: 280000Actual: 283000

    This figure measures the number of Americans filing for jobless benefits in the previous week. It is published by the Labor Departments and is an important leading indicator on the overall state and health of the economy and labor market.

  • United States

    Continuing Jobless Claims

    High Impact
    Previous: 2.389MlnForecast: 2.38MlnActual: 2.351Mln

    Continuing claims refers to the total number of jobless people who qualify for unemployment benefits. The people that are considered for this data must be covered by unemployment insurance and who currently receive benefits. This excludes those not eligible for insurance and/or those who have lost their entitlement to receive benefits.

  • United States

    PMI Flash Manufacturing

    Medium Impact
    Previous: 57.5Forecast: 57Actual: 56.2

    The Flash data is an initial estimate of the Manufacturing Index of Purchasing Managers (PMI), which represents a survey among the Purchasing Managers of a country. The aim of the flash data is to provide an accurate advance indication of the final PMI figures. Flash PMIs are among the first economic data points of the measured month and therefore can give good evidence of changing economic conditions ahead of comparable government statistics.

  • United States

    Leading Index

    Medium Impact
    Previous: 0.2%Forecast: 0.7%Actual: 0.8%

    The index of leading indicators is built to try and forecast the economy's direction. It is a blend of different economic data taken from different indicators (financial indicators as well as non-financial indicators).

  • Euro Zone

    Consumer Confidence Index

    Low Impact
    Previous: -11.4Forecast: -12Actual: -11.1

    This survey shows how consumers feel about business conditions, their spending and their employment conditions. Rising consumer confidence, points at more spending by consumers and at improved business conditions. A slowing consumer confidence figure on the other hand indicates lower spending and decreased business activity.

Read MoreEconomic Calendar

Forecast

Weekly Forecast: 14 May 2014

Yen slips as investors take on risk

Emman Xuereb

Global equity markets rallied at the start of the week dampening demand for safe-haven assets. The yen slipped for the third consecutive day on Tuesday versus the dollar on signs that tensions between Russia and Ukraine were abating.

Read the Article