Source: IHS Markit Eurozone manufacturing expansion continued to decelerate in September to mark the lowest level in seven months, dragged by the impact of supply woes on producers. VGK is up 0.02% premarket. The Final Eurozone Manufacturing PMI stood at 58.6 in September, a significant decline from 61.4 the month earlier. This is the lowest since February.Data indicate … [Read more...] about Eurozone Manufacturing Growth Decelerates to Seven-Month Low
Japanese Manufacturing Cools to Seven-Month Low on Delta, Supply Constraints
Source: au Jibun Bank Japanese manufacturing slowed for the second consecutive month in September, hitting the lowest level in seven months. EWJ is down 1.02% premarket. The headline au Jibun Bank Japan Manufacturing Purchasing Managers Index eased to 51.5 from 52.7 in August, still above the 50.0 expansion threshold.The latest reading is the second straight month of … [Read more...] about Japanese Manufacturing Cools to Seven-Month Low on Delta, Supply Constraints
Long Forex Position and Strategies to Use
In the financial market, just like all other types of trading, to buy a currency pair long means that you're expecting the price to appreciate. The opposite is shorting, when you predict a price to drop. When you conduct forex trade, you are speculating on both the increase and decrease in the currency's value. Because currencies are traded in pairs, going long, in … [Read more...] about Long Forex Position and Strategies to Use
US Mortgage Rates Climb to Three-Month High Amid Low Supply
Source: Bloomberg American mortgage rates hit three-month highs on Thursday amid a supply shortage as more Americans look for bigger properties. DXY is down 0.04%, while Gold is up 1.81%. The average for the 30-year loan surged 3.01%, versus the 2.88% in the previous week. This is the highest since June 24.Prices have surged higher as borrowing costs dipped to historic … [Read more...] about US Mortgage Rates Climb to Three-Month High Amid Low Supply
American Unemployment Claims Climb to Seven-Week High
Source: Department of Labor US jobless claims climbed for the third straight week, marking the highest level in seven weeks. DXY is down 0.06%, XAU is up 1.81%. The seasonally adjusted initial claims for the week ending September 25 stood at 362,000, up 11,000 from the previous week’s 351,000.The latest reading is the highest since claims were recorded at 377,000 at the … [Read more...] about American Unemployment Claims Climb to Seven-Week High
