What is it? It checks the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

When? December 23^rd at 8:30am Eastern Time.

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

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What is it? It checks the change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? December 23^rd at 8:30am Eastern Time.

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

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What is it? It checks the difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.

It's directly linked to currency demand – a` rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country.

When? December 23^rd at 4:30am Eastern Time.

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

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4 Tips for Today's Trading - 22/12

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