Forex 24x7

8:30 GMT: GBP - Consumer Inflation Expectations - This indicator reflects the percentage that consumers expect the price of goods and services to change during the next 12 months - Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise. - The release of this indicator typically creates volatile trading as it is directly correlated with the value of the national currency - A better than previous result may continue to boosts the GBP in the short-term. 12:30 GMT: USD - U.S Unemployment Claims - This indicator reflects the number of individuals who filed for unemployment insurance for the first time during the past week. - This release is expected to be better than their previous figures. - Meaning the USD could continue to show further bullishness today. - If the results turn out to be lower than forecasts, the Dollar may record a fairly bearish session in today’s trading. Crude Oil Tips: - Crude Oil prices experienced another day of appreciation as the oft-traded commodity rose above $72. - If the U.S. publishes more positive economic news, oil prices will continue to be bullish going into next week. - As for today, the economic figures coming out of the U.S. and Europe are likely to impact the volatility of oil prices.