Source: ForexYard
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the US Building Permits, scheduled to be released today at 12:30 GMT. As can be seen in the chart below, following the release of a higher than forecasted Building Permits figure in April, the S&P 500 saw significant gains.
Don’t miss out on another opportunity to capitalize on market volatility!
Today’s news is forecasted to come in at 0.76M. Should the end result exceed the forecasted level, investor confidence in the US economic recovery could receive a boost, which may result in additional gains for indices like the S&P 500. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
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Forex Market Analysis provided by ForexYard.
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