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Eurozone October Retail Sales Rise In October

Retail sales in the 19 countries sharing the euro grew by 1.1 percent in October from September, breaking two months of declines, and by 2.4 percent from a year earlier, the European Union’s statistics office Eurostat said on Monday.

There was a 0.2% increase in food sales for the month, while fuel sales decline, but the most notable feature was a strong increase in non-food sales of 2.3% on the month following a 1.2% decline previously.…

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U.S ISM Non-Manufacturing Index Hits Highest Reading In 2016

👤Arthur Greene 🕔December 5, 2016

The Institute of Supply Management (ISM) has now released the November Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services. The headline Composite Index is at 57.2 percent, a 2.4 percent increase from last month’s 54.8 percent and is its highest since October 2015.…

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U.K Services PMI Rises In November

👤Arthur Greene 🕔December 5, 2016

The services sector — which includes everything from banking to waitressing — drew a reading of 55.1 in the month, well ahead of October’s 54.5 reading, and even further ahead of the forecast 54.2 growth that economists had predicted.

The pace of expansion eased slightly since October but was still in line with the long-run survey average.…

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Fundamental and Technical Outlook: EUR/USD

👤Xinyang 🕔December 5, 2016

Fundamental Outlook: EUR/USD

The main focus throughout the Asia-Pacific session was the Italian referendum which saw a victory for the ‘no’ camp with 59.26% of the votes. Consequently, EUR weakened across the board with EURUSD declining to 20-month lows, just short of the 1.0500 handle.…

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China Services Sector Growth Reaches 16 Month High

👤Xinyang 🕔December 5, 2016

News Event

From Trading Economics: The Caixin China Services PMI rose to 53.1in November of 2016 from 52.4 in October while market expected 52.7. It was the fastest growth since July 2015, driven by an increase in new orders and employment while business expectations eased to a 13-month high.…

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U.S Non-Farm Payroll Job Rise In November
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👤Arthur Greene 🕔December 4, 2016

U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month.…

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U.K Construction PMI Expands In November

👤Arthur Greene 🕔December 3, 2016

The U.K construction sector expanded further in November with business activity and new orders increasing at the strongest pace in eight months. The construction PMI has widely shown the similar behaviour as the manufacturing and services PMIs. It had declined sharply in July and then recovered quite strongly.…

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Canada’s Unemployment Rate Decreases In November

👤Arthur Greene 🕔December 3, 2016

The Canadian economy added 10,700 new jobs last month driving the unemployment rate to 6.8 per cent, but the latest numbers raise questions about the quality of these new jobs.

The rise in employment bucked analysts’ forecasts for a loss of 20,000 jobs after two months of growth and reinforced expectations that the Bank of Canada will keep interest rates unchanged next week and for all of 2017.…

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United States NFP Adds 178K Jobs in November

👤Xinyang 🕔December 2, 2016

News Event

From Trading Economics: Non Farm Payrolls in the United States increased by 178 thousand in November of 2016, higher than downwardly revised 142 thousand in October and above market expectation of 175 thousand. Employment gains occurred in professional and business services and in health care.…

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Switerland GDP Unmoved In Q3
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👤Arthur Greene 🕔December 2, 2016

Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.

The expenditure side breakdown of GDP showed that consumption contributed very little to growth. While investment underpinned growth, net trade had a negative effect.…

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U.S Non-Farm Payroll Job Rise In November
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Switerland GDP Unmoved In Q3
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