Source: IHS Markit Economic growth in the Eurozone posted a solid expansion in November, following three months of slowdowns. EZU is up 0.02% premarket. The IHS Markit Eurozone PMI Composite Output Index stood at 55.4 in November, up from 54.2 in the previous month.Growth was driven mainly by the services sector, which offset the slowdown in manufacturing production, … [Read more...] about Eurozone Economic Growth Accelerates in November
US Lawmakers Approve Short-Term Extension of Trump-Era Federal Spending
Source: WSJ The short-term extension of the American government funding has been sent to President Joe Biden’s desk, following the congressional approval, which prevented a partial shutdown. The spending plan was approved on Thursday morning ahead of the expiration of the current funding on Saturday.The measure was passed by the House 221-212, while the Senate voted 69-28 … [Read more...] about US Lawmakers Approve Short-Term Extension of Trump-Era Federal Spending
China’s Service Activity Eases to a Lower Expansion in Nov. as Virus Concerns Linger
Source: Caixin China’s Business Activity Index was 52.1 in November, indicating a softer level of expansion compared to 53.8 in October. CSI 300 is up +0.92%, USDCNY is down -0.08%. The slow growth in business activity reflects fresh virus concerns that impact sales.Growth of new orders remained muted while new businesses increased at the lowest pace in three … [Read more...] about China’s Service Activity Eases to a Lower Expansion in Nov. as Virus Concerns Linger
Top 10 Most Traded Currency Pairs 2022
They say the best things in life come in pairs. When we trade forex, we are continuously measuring the strength or weaknesses of one currency against another. As expected, with virtually every country having its own currency, there are mathematically thousands of pairs you could trade. The average retail forex trader is usually exposed to between … [Read more...] about Top 10 Most Traded Currency Pairs 2022
US Jobless Claims Grow by Highest in Four Months
Source: US Labor Department American unemployment claims jumped by the highest in four months, after registering historic lows in the previous month. DXY is down 0.14%, while Gold is down 0.76%. Seasonally adjusted initial claims for the week ending November 27 stood at 222,000, up by 28,000 from the previous week’s revised level of 194,000.The latest increase is the … [Read more...] about US Jobless Claims Grow by Highest in Four Months
