High effective events  for next week forex trading.

        The following 11 events are seen quite strong in the next week.In which there is a greater difference in the strength of Currencies.

Show most of effective currencies as per following.

1> CAD     2> USD     3> EUR

        Experts believe that the maximum exposure is possible in USD pairs at events duration.In most 115 events, most of the 11 events are effective in echonomic calendar.


Here are the 11 high effective event details :


1> CAD bullish effect show on tuesday 22 august 2017 :

       The Retail Sales released by the Statistics Canada is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence. It shows the performance of the retail sector in the short term. Generally speaking, the positive economic growth anticipates bullish movements for the CAD.

2> EUR bearish effect show on wednesday 23 august 2017 :
        The Manufacturing Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in France. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.


3> EUR bearish effect show on wednesday 23 august 2017 :

        The Manufacturing Purchasing Managers Index (PMI) released by the Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Germany. Normally, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.


4> GBP effect not confirm on wednesday 23 august 2017 :
        The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Services Authority.


5> USD effect not confirm on wednesday 23 august 2017 :

        The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated. Generally, a high reading is seen as bullish for the USD, whereas a low reading is seen as bearish.


6> USD effect not confirm on thursday 24 august 2017 :

        The Jackson Hole Economic Policy Symposium is an annual symposium sponsored by the Federal Reserve Bank of Kansas City since 1978, and held in Jackson Hole, Wyoming, since 1981. It is a forum for central bankers, policy experts and academics to come together to focus on a topic.


7> USD big bullish effect on thursday 24 august 2017 :

        The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD. 


8> USD bearish effect on thursday 24 august 2017 :

        The Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is positive for the Dollar, while a low reading is negative.


9> USD effect not confirm on friday 25 august 2017 :

        The Jackson Hole Economic Policy Symposium is an annual symposium sponsored by the Federal Reserve Bank of Kansas City since 1978, and held in Jackson Hole, Wyoming, since 1981. It is a forum for central bankers, policy experts and academics to come together to focus on a topic.


10> EUR effect not confirm on friday 25 august 2017 :

       The European Central Bank’s president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. He gives a press conference at the Jackson Hole Economic Policy Symposium, a forum for central bankers, policy experts and academics. His comments may determine a short-term positive or negative trend. President’s comments may determine positive or negative the Euro’s trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).


11> USD bullish effect on friday 25 august 2015 :

        The Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation. The final figure shows the state of US production activity. Generally speaking, a high reading is bullish for the USD.

SHARE THIS

RELATED ARTICLES

Leave a Reply

Subscribe for recieve free Forex Trade Signals, Trade News and Trade Event Alerts right in your inbox.

Scroll Up