Advertisement
Advertisement
trade360
BREAKING NEWS : Start Trading Today Join Now!
Advertisement Avatrade

Market themes of the Day: German industrial production headline

Written By Haresh Menghani | 2018-08-07 00:57:00 GMT
  • German factory orders fell -4.0% m/m in June dragging the annual growth rate to negative of -0.8% y/y. For details read more in my analysis here.
  • Sentix investors sentiment rose to 14.9 in August, up from 12.1 in July.
  • German industrial production is expected to fall -0.5% m/m in June while increasing 3.0% y/y.

In the UK

  • The UK Trade minister Liam Fox said that a no-deal Brexit has a 60% chance of happening, increasing concerns of a major disruption to the economy and sending Sterling to 2018 lows. For more details read my GBP/USD Forecast here
  • The support of the UK Prime Minister Theresa May handling Brexit falls to record lows according to OBR opinion poll.

In the US

  • Trump’s administration renewed the US sanctions against Iran.

In Australia

  • The RBA left monetary policy unchanged in August indicating that inflation remains low and warranting monetary policy stability.

In Japan

  • While Japan’s household spending fell -1.2% y/y in June in line with market expectations, the average cash earning jumped higher by 3.6% y/y boosting the expectations of household spending returning to positive growth.

Author

By Haresh Menghani
XM

Featured Forex Brokers

Broker Profile Open Account
XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    tickmill
  • Minimum Deposit: 25 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FSA SD008
  • tickmill
    markets
  • Minimum Deposit: 100 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC
  • markets

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    XM
  • Offer: 30 USD No Deposit Bonus - 50% Deposit Bonus
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    eToro
  • Offer: 1000USD Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:400
  • Broker Type : STP
  • Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
  • eToro

    Contact us
    Email: reviewbrokers.net@gmail.com
    Skype:fxvnpro