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US Consumer Credit Rises Less, Below Expectations

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From Trading Economics: Consumer credit in the United States increased by $16.02 billion in October of 2016, following an upwardly revised $21.8 billion rise in September and below market expectations of $19 billion. Non-revolving credit rose by $13.68 billion, after increasing by $17.7 billion in the previous month and revolving credit went up by $2.33 billion, compared with a $4.09 billion rise in September.…

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Bank of Canada Keeps Interest Rate Steady At 0.5%
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👤Arthur Greene 🕔December 7, 2016

The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty.

The decision was in line with expectations with all major banks expecting rates to be left unchanged at this meeting.…

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UK Industrial Production Falls In October

👤Arthur Greene 🕔December 7, 2016

A surprise 1.3% drop in production over the month followed a 0.4% decrease in September, according to the Office for National Statistics, and was the biggest monthly fall in four years and is far worse than the 0.2% rise forecast by economists.…

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Australian Q3 GDP Shrinks After 5 Years

👤Arthur Greene 🕔December 7, 2016

Australia’s gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

The third-quarter GDP which fell 0.5 percent q/q, registering the first biggest decline since global financial crises, from up 0.6 percent q/q in the previous quarter.…

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Germany Industrial Output Rises

👤Xinyang 🕔December 7, 2016

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From Trading Economics: Industrial production in Germany rose 0.3 percent month-on-month in October of 2016, following a downwardly revised 1.6 percent drop in September but much lower than market expectations a 0.8 percent rise. Output was mainly driven by construction (+1.7 percent) and manufacturing (+0.1 percent, with the production of capital goods and consumer goods growing by 0.5 percent and 0.1 percent, respectively) while energy production fell (-0.5 percent).…

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US Trade Deficit Expands In October

👤Arthur Greene 🕔December 6, 2016

The US goods and services trade deficit for October widened to $42.6bn from a revised $36.2bn for September, which was originally reported as a $36.4bn shortfall. The deficit was the largest for four months and higher than the consensus forecast of $41.7bn.…

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Eurozone GDP Up 0.3% In Q3

👤Arthur Greene 🕔December 6, 2016

Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…

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Fundamental and Technical Outlook: EUR/AUD

👤Xinyang 🕔December 6, 2016

Fundamental Outlook: EUR/AUD

During the Asia-Pacific session, the RBA left monetary policy unchanged with the Cash Rate remaining at 1.5% as widely expected. The accompanying statement failed to provide any surprises with the main comments stating that “maintaining policy is consistent with sustainable economic growth and achieving inflation target over time” and “The economy is continuing its transition following the mining investment boom, some slowing in the year-ended growth rate is likely before it picks up again”.…

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German Factory Orders Rise

👤Xinyang 🕔December 6, 2016

News Event

From Trading Economics: German industrial orders rose 4.9 percent month-on-month in October of 2016, following a downwardly revised 0.3 percent drop in September and beating market consensus of a 0.6 percent gain. It was the fastest growth since since July 2014, driven by strong demand from both domestic (+6.3 percent) and overseas (+3.9 percent).…

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Uruguay Inflation Rate Declined to 8.1%

👤Xinyang 🕔December 5, 2016

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From Trading Economics: Consumer prices in Uruguay went up 8.1 percent year-on-year in November of 2016, easing from an 8.4 percent increase in a month earlier. It is the lowest inflation rate since March last year, as cost rose at a slower pace for food and non-alcoholic beverages (+7.7 percent from +9.1 percent in October) and housing (+8.1 percent from +8.3 percent).…

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Bank of Canada Keeps Interest Rate Steady At 0.5% 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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Bank of Canada Keeps Interest Rate Steady At 0.5%
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