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Sweden Producer Prices Rise in October

News Event

From Trading Economics: Producer prices in Sweden climbed 2.2 percent year-on-year in October of 2016, following a 0.1 percent drop in September. It was the first increase since June of 2015. Prices rose on the domestic market (2.4 percent compared to -1.1 percent in September); on the import market (1.3 percent compared to 2.0 percent) and on the domestic market (2.1 percent compared to 0.8 percent), boosted by electricity, gas and heating (8.1 percent compared to 5.2 percent).…

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Fundamental and Technical Outlook: USD/JPY

👤Xinyang 🕔November 24, 2016

Fundamental Outlook: USD/JPY

Yesterday’s FOMC Minutes from the Fed’s November meeting continued to support market expectations for a December hike. The Minutes stated that most Fed officials saw a hike as appropriate “relatively soon” with some members believing a hike should come at the December meeting to preserve credibility.…

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Turkey Hikes Interest Rates
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👤Xinyang 🕔November 24, 2016

News Event

From Trading Economics: The Central Bank of Turkey raised its benchmark one-week repo rate by a higher-than-expected 50bps to 8 percent on November 24th and its overnight lending rate by 25 bps to 8.5 percent, while it held its borrowing rate at 7.25 percent.…

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U.S New-Home Sales Fall In October

👤Arthur Greene 🕔November 24, 2016

The U.S. Census Bureau and the Department of Housing and Urban Development reported on Wednesday morning that sales of new homes in October slipped to a seasonally adjusted annual rate of 563,000, a decrease of 1.9% below the revised September rate of 574,000 and an increase of 17.8% compared with the October 2015 rate of 478,000.…

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Fundamental and Technical Outlook: EUR/AUD

👤Xinyang 🕔November 23, 2016

Fundamental Outlook: EUR/AUD

The Asia-Pacific session was overall quiet with no economic data releases and today being a Japanese bank holiday. The session’s notable outperformer was AUD which continued to appreciate against its major counterparts with AUDUSD now firmly above 0.7400 and AUDNZD now above 1.0500.…

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Eurozone Business Growth Rises to 11 Month High

👤Xinyang 🕔November 23, 2016

News Event

From Trading Economics: The flash Markit Eurozone Composite PMI increased to 54.1 in November of 2016 from 53.3 in October, beating market expectations of 53.3. It is the highest reading so far this year, as both manufacturing and services expanded faster, boosted by rising order books, employment and backlogs of work while inflationary pressures were the highest for over five years.…

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United States Home Sales at 9-1/2-Year High

👤Xinyang 🕔November 22, 2016

News Event

From Trading Economics: Sales of previously owned houses in the United States rose 2 percent to a seasonally adjusted annual rate of 5600 thousand in October of 2016. It is the highest figure since February of 2007, beating market expectations of a 0.5 percent fall or 5430 thousand.…

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Autos and Gasoline Boost Canada Retail Sales in September

👤Arthur Greene 🕔November 22, 2016

Sales at U.S. retail stores rebounded in September, with auto dealers and gas stations racking up the biggest gains, in a sign consumers are still spending enough to keep the economy on a slow but steady growth path.

Retail sales rose 0.6 percent, in line with economists’ expectations, but would have been flat without the increased purchases of cars and parts.…

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U.K Manufacturing Index Increases in November – CBI

👤Arthur Greene 🕔November 22, 2016

British manufacturers reported their healthiest order books in November since before the Brexit vote and they are their most confident about the near-term outlook in nearly two years, an industry survey showed on Tuesday.

But the Confederation of British Industry also said manufacturers intend to raise prices at the fastest pace in almost three years, reflecting the sharp fall in the value of the pound since voters decided to leave the European Union in June.…

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Denmark Consumer Sentiment Falls

👤Xinyang 🕔November 22, 2016

News Event

From Trading Economics: Denmark’s consumer confidence decreased to 0.9 in November 2016 from 1.2 the previous month. It was the lowest reading since May 2013, as consumers’ expectations regarding the country’s economic situation in a year worsened. Also, prospects about unemployment over the next twelve months deteriorated and the willingness to buy major durable goods declined.…

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Turkey Hikes Interest Rates Warning: A non-numeric value encountered in /home2/sharonox/public_html/wp-content/themes/allegro-theme-child/functions/other.php on line 93

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Turkey Hikes Interest Rates
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