Forex & Economy

German ZEW Survey results Expected On Tuesday

German ZEW Survey results Expected On Tuesday

🕔January 15, 2017

The German ZEW survey is due on Tuesday 16th January and is so far the most awaited news of the first two days of this week’s trading. There is a lot of optimism in play as recent stats also show that the German trade surplus increased over November even as the rest of the Eurozone saw the unemployment rates remain at 9.8%

Positive results will remain a gem to the traders who want to remain bullish on the Euro as the Sterling pound had kept on showing more signs of weakness over the last trading week.

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US CPI on the Rise while Core Inflation is Steady

US CPI on the Rise while Core Inflation is Steady

🕔December 16, 2016

Annualized consumer price inflation (CPI) continued to push higher in November as expected, though core inflation unexpectedly held steady, official data showed on Thursday.

U.S. consumer prices moderated in November, but the underlying trend continued to point to firming inflation pressures amid rising rents, which could support more interest rate increases from the Federal Reserve next year.…

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UK Employment Falls Slightly In October

UK Employment Falls Slightly In October

🕔December 14, 2016

The jobs market stagnated in the three months to October, according to the latest jobs report from the Office for National Statistics, suggesting employers are finally slowing their hiring in the wake of June’s Brexit vote.

The number of people in work fell by 6,000 in October to 31.76 million people, the Office for National Statistics said on Wednesday.…

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Eurozone Industrial Production Fails In October

Eurozone Industrial Production Fails In October

🕔December 14, 2016

Eurozone industrial output dipped in October for the second consecutive month against expectations of a slight rise as production of intermediate and non-durable consumer goods dropped in a sign of muted growth in the fourth quarter according to data from Eurostat showed Wednesday.…

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U.S Import Prices Fall In November

U.S Import Prices Fall In November

🕔December 13, 2016

U.S. import prices recorded their biggest drop in nine months in November on declining petroleum costs, with renewed dollar strength threatening to keep imported inflation subdued.

The Labor Department said on Tuesday import prices fell 0.3 percent last month after a downwardly revised 0.4 percent gain in October.…

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Asian Development Bank cuts India’s 2016 growth estimate

Asian Development Bank cuts India’s 2016 growth estimate

🕔December 13, 2016

The Asian Development Bank (ADB) today cut its 2016 growth estimate for India to 7 per cent from the previous 7.4 per cent on account of demonetization, weak investment and agricultural slowdown.

The ADB had, in March last year, projected India’s 2015-16 growth at 7.8 per cent.…

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Turkey’s GDP Relapse for First Time After 7 Years

Turkey’s GDP Relapse for First Time After 7 Years

🕔December 12, 2016

Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.

Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…

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Japan Producer Prices Fall

Japan Producer Prices Fall

🕔December 12, 2016

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From Trading Economics: Japan’s producer prices decreased by 2.2 percent year-on-year in November 2016, following a 2.7 percent drop in the previous month and beating market consensus of 2.3 percent decrease. It was the 20th straight month of decline and the smallest fall since May 2015, as prices went down at a slower pace for: Transport equipment (-1 percent from -1.1 percent in October); chemicals (-5.8 percent from -6.1 percent); petroleum and coal products (-5.7 percent from -7.2 percent); and iron and steel (-2.6 percent from -3.4 percent).…

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Non-OPEC Agree With OPEC For Production Deal

Non-OPEC Agree With OPEC For Production Deal

🕔December 10, 2016

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.

With the deal finally signed after almost a year of arguing within the Organization of the Petroleum Exporting Countries and mistrust in the willingness of non-OPEC Russia to play ball, the market’s focus will now switch to compliance with the agreement.…

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US University Of Michigan Consumer Confidence Soars In December

US University Of Michigan Consumer Confidence Soars In December

🕔December 10, 2016

The University of Michigan said Friday its preliminary reading of consumer sentiment rose to 98.0 in December, from November’s final reading of 93.8. It is up 5.8% from December 2015.

The index rose for the second straight month, a sustained uptick in sentiment just in time for a critical period for retailers.…

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