BDSwiss

ifo – Business climate index

 

When:

19.12.2016 – 10:00

What is it:

The IFO business climate index is published monthly and is a leading indicator for the economic development in Germany. It includes the management estimates of more than 7,000 companies with respect to the current business situation and future expectations.

Why is it important:

The Business Climate Index is used as a reference for the future development of the German Gross Domestic Product. The past has shown that 50% of the movement of the GDP can be linked to the IFO business climate index.
 
It is expected to remain at the level of 110.7 points. Any upward change is seen as a positive signal for the German economy, and thus for the German companies.
 

DAX 30 – the higher the index, the more likely the DAX will rise
 

New durable goods orders USA

 

When:

22.12.2016 – 14:30

What is it:

Durable goods are items with a useful life of more than three years. They are often associated with larger investments which require financing in the form of loans.

Why is it important:

The economy of a country is a delicate balance of jobs, consumption and high orders. A decline in durable goods consumed thus indicates a weakening economy.
 
Credit amounts are reduced, thereby also drop in consumption and thus the inflation targets of the FED cannot be reached.
 

EUR/USD – expectations for the month of November is a dramatic decrease of 9.0% compared to the previous period
 

Gross Domestic Product (Year) (Q3) Great Britain

 

When:

23.12.2016 – 10:30

What is it:

The Gross Domestic Product measures the percentage change in the prices of goods and services. A high value means higher corporate profits, move investment and increased purchasing power of the local currency.

Why is it important:

Following the Brexit, contrary to expectations, both retail and consumer prices have risen, providing a bit relaxation for the British economy.
 
A confirmation of the GDP for the third quarter is now pending. On Friday, it is expected to remain at t the annualized rate of 2.3%.
 

GBP/USD – an unexpected rise would benefit the British pound in the short-term
 

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