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What is it? It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.
When? Not yet decided.
Trading Tips: If the actual number is higher than the forecast, you can expect the NZD to rise.
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What is it? Annualized number of new residental building permits issued during the previous month. It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
When? June 16th at 5:00am Eastern Time.
Trading Tips: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? Survey of about 275 German institutional investors and analysts which asks respondents to rate the relative 6 month economic outlook for germany.
It's a leading indicator of economic health, investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
When? June 16th at 5:00am Eastern Time.
Trading Tips: If the actual number is higher than the forecast, you can expect the USD to rise.
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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Second day of selling
U.S. stock futures are moving lower and all European stocks are deep in negative territory as worries about Greece's future continue to escalate.
Greece has until Thursday to accept a new deal with creditors that will give it access to 7.2 billion euros to pay its debts and bills. But Greece doesn't like some of the strings attached, and many worry an agreement will not be reached.
If Greece is unable to access the money and consequently defaults on its debts, it could become the first country to stumble out of the eurozone.
2. Action in Asia
Chinese stocks closed the day with deep losses.
Both the Shanghai Composite and Shenzhen indexes fell by about 3.5%. However, this follows massive rallies in both markets. The Shenzhen index, in particular, is still up by 110% since the start of 2015.
3. Earnings
Adobe (ADBE) will post its latest earnings after the market closes. The multinational software company, which has developed popular digital products such as Photoshop, has seen an 18% increase in its share price over the past year.
4. Economics
The U.S. Census Bureau will release new residential construction data for the month of May at 8:30 a.m. ET.
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What is it? This is considered the UK's most important inflation data because it's used as the central bank's inflation target. Consumer prices account for a majority of overall inflation. Inflation is important to Currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
When? June 16th at 4:30am Eastern Time.
Trading Tips: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
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