New Home Sales is an another important Fundamental indicator that helps to gauge the performance of economic activity by analyzing the number of new single family homes that were sold during the previous month. This data would aid in performance evaluation by assessing the consumer spending and other economic activity that would occur due to new home sales such as the purchase of equipment for house, mortgage finance sold by financial institutions and income received by brokers for executing…Continue
The upcoming news for US is based on two key fundamental indicators for assessing the overall health of the economy, which in turns affect the valuation of USD.
The first one is Core Durable Good Orders which measures the number of orders placed by manufacturers, which in turn give an idea about level of purchases and production in progress that tends to gauge the performance of an economic activity. This index was -0.2% in comparison to a forecast of 0.5%, which is not a good sign…Continue
GDP is a change in the value of Goods and Services produced in a particular year, that tends to measure the overall economic health which indicates the idea about how much the country has developed over a period. The figure released before this one is the Advanced release which has the most impact however; the preliminary also has an impact as well and normally reported in annualized figure.
The previous result for the quarter was 4.2% in comparison to a forecast of 3.9% however; the…Continue
Core CPI is one of the key indicator for Fundamental analysis of Forex trading, as it measures the change in the value of goods and services purchased by the consumer over time. Moreover; its a leading indicator for assessing the rise in inflation, which could potentially affect the overall economic activity especially consumption and export. The change in inflation level could intrigue the central bank to raise the interest rate in order to combat any of its negative effect on the economy's…Continue