The last month was a month of events and it brought with it some positive and some negative news altogether for Forex traders. Overall, it was not a bad Forex trading month, then what was expected with little signs of economic recovery.
It‘s the right time to watch out for the upcoming things of this month, October by observing the trade status through the data releases of today.
There are lots of data releases in US still to come, and are expected to release on 1 October including jobless claims, last month personal income, consumer spending rate, ISM manufacturing, pending home sales, last month construction expenses and Federal Reserve announcement regarding Lockhart and Pianalto.
In Japan, third quarter Tankan Large Manufacturing was -48 in last month and expected TLM was -32, third quarter Tankan Large Non-Mfg was-29 in last month and expected was-26 and Aug Retail Sales was -2.4 percent annually. These data release are going to make the way for next month trade.
In Europe, PMI Factory was 49.0, it was expected to be 49.1, and the Aug Unemployment Rate for last month was 9.5 and expected 9.6.
In Germany, August Retail Sales report will be released, having previous figures of 0.7% with the expected of -2.4%.
In UK, Sep House Sales Prices and PMI Factory production reports and information will reveal the strength and weaknesses of the trade.
These are the few data to be released today and the results will compel the financial institutions to take adequate measures and appropriate decisions, according to the demand of the Forex conditions.
Thus, today is the day for all the pending data releases and analysis of the previous figures. Thereby making strategy for the next month Forex trade and expected benchmark setting of the targets.
The article suggests information about the Forex news and events for today. Almost all the countries are having something to reveal related with the trading figures. The next day will be a day to see the price actions after these data releases.
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