TOOLS TRADES

Oct

Trade Balance (CAD) – 3/10

: Donald Herison; 02 October 2014; Hits: 1648

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

Usual Effect: If the actual number is bigger than the forecast, you can expect the CAD to rise.

When? October 3^rd at 08:30am Eastern Time.

Trading Tip: The announcement can greatly affect the CAD, make sure to make your trade before.

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Unemployment Claims

4 Tips for Today's Trading - 2/10

Oct

Services PMI – 3/10

: Donald Herison; 02 October 2014; Hits: 1541

What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the services industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Usual Effect: If the actual number is bigger than the forecast, you can expect the GBP to rise.

When? October 3rd at 04:30am Eastern Time.

Trading Tip: The announcement can greatly affect the GBP, make sure to make your trade before.

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

Other top stories:

Oil Drops Below $90

Unemployment Claims

4 Tips for Today's Trading - 2/10

Oct

Unemployment Claims – 2/10

: Donald Herison; 02 October 2014; Hits: 2622

What is it? It Checks the number of individuals who filed for unemployment insurance for the first time during the past week.

Although it's generally isn’t viewed as a very important indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's financial policy.

Usual Effect: If the actual number is smaller than the forecast, you can expect the USD to rise.

When? Today (2.10) at 08:30am Eastern Time.