Market Brief 13 September: Four major high-impact events today

There are plenty of news catalysts today- and more importantly all four are high-impact news events.

United Kigdom

GBP, 09:30 a.m. GMT + 1, Average Earnings Index + Bonus (Jul) – the index gives a good indication of personal income growth durign the month of July. The number is a measurement of change of the price that government and businesses pay for labor. Projections for the month of July point to an expcted increase at 2.3% versus 2.1% for the previous period. If the actual number is btter than expected, this should be seen as a bullish sign for the as a cable. And, conversely, if the reading is lower than expcted, this should be seen bearsih sign for the currency.

GBP, 09:30 a.m. GMT +1, Claimant count change (Aug) – the number measures the change in the number of unemployed individuals for the month of August. If the trend is moving upwards, this would suggest weakness in the labour market which in turn affects consumer spending. The projection for August is at 0.6K versus – 4.2%. A higher number would suggest weakness, while a lower number, should be seen as a bullish sign on the pound.

USD, 13:30 p.m. GMT + 1, PPI (MoM) (Aug) – a leading indicator of consumer price inflation, the Producer Price Index measures measures the change in the price of goods sold by manufacturers. Analyst expectations are pointing to an increase at 0.3% for the month of August versus -0.1 % for July. An actual increase in the number, should be read as positive for the US dollar, while a worse off result should weaken the performance of the currency even more.


OIL 15:30 p.m. GMT + 1, Crude Oil Inventories – Projections for change in the number of barrels for the past week are seen at 2.285M versus 4.580M for the previous week. A higher number would mean that inventories have increase which should impact the price negatively. Conversely, if supply has been considerably cut, this should be seen as a bullish sign for the price of crud oil.


Wishing you happy and successful trading!


Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.



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