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What is it? It checks the difference in value between imported and exported goods and services during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? November 3rd at 7:30pm Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.

Talk to us to get get FREE signals and start earning now: 

 

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US stocks climbed further on Friday, closing at record levels. Markets benefitted from a decision by the Bank of Japan to extend monetary stimulus by another ¥10 billion to ¥80 Billion per year.

Asian markets were mixed today with the Nikkei remaining closed for a holiday, while European markets were lower today after weak data.

Oil is under pressure due to the stronger Dollar and weak Chinese data. China is the second biggest consumer of oil and lower data could lead to lower demand. The price is inching higher today as traders take advantage of the low price.

Gold is trading around its lowest price since 2010. Commodity prices are under pressure after Oil reached such a surprising low and investors are hesitant to trade in such a risky market.

 

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

3 Tips for Today's Trading

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

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Here are 3 tips for today's trading. This will help you decide where you should invest and what to look for:


1) Nervous Trading

It looks like stocks could start the month on the back foot after October's fireworks. US futures are edging lower and there's a lack of direction in the markets.


2) Europe and Asia

European markets were edging lower in early trading. Asian markets ended with mixed results. 


3) Economics

The ISM Manufacturing Index is set to come out at 10am ET. At the same time, the US government will report monthly construction spending.

 

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Retail Sales (AUD)

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

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What is it? It checks the change in the total value of sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

When? November 3rd at 7:30pm Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.

 

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

4 Tips for Today's Trades

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook/Twitter:

 

 

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