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Latest Forex News On 5 December 2016 | Forexing24

Latest Forex News On 5 December 2016 | Forexing24

Latest Forex News On 5 December 2016 | Forexing24

Latest Forex News: Services PMI

Currency NameNews Name     Actual   Forecast  Previous
Services PMI???54.254.5
SourceLatest Release
MeasureLevel of a diffusion index based on surveyed purchasing managers in the services industry;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, on the third business day after the month ends;
Why Trade CareIt’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy;
Derived ViaSurvey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;

Latest Forex News: ISM Non-Manufacturing PMI

Currency NameNews Name     Actual   Forecast  Previous
USDISM Non-Manufacturing PMI???55.354.8
SourceLatest Release
MeasureLevel of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, on the third business day after the month ends;
Why Trade CareIt’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy;
Derived ViaSurvey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;

Cash Rate

Currency NameNews Name     Actual   Forecast  Previous
AUDCash Rate???1.50%1.50%
SourceLatest Release
MeasureInterest rate charged on overnight loans between financial intermediaries;
Usual EffectActual > Forecast = Good for currency;
FrequencyFirst Tuesday of the month, excluding January;
Why Trade CareShort term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future;
Derived ViaReserve Bank Board members come to a consensus on where to set the rate;

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Saimon Akash

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