A forex gap is defined as an instance where the previous day's closing price does not match up with today's opening price. This results in the creation of an empty space or gap in between the two candlesticks, as shown below: Forex markets, which are open twenty-four hours every day, are technically closed for the weekend. Only retail traders are barred from participating … [Read more...] about Gap Trading in Forex
Hurricane Ida Drags Industrial Production Growth to Four-Month Low in August
Source: Federal Reserve Industrial production growth slowed to a four-month low in August, dragged by the late-month shutdowns brought about by Hurricane Ida. VIS is up 0.48% Production grew 0.4% in August, slower than the 0.8% climb in August. This is the slowest in four months since April’s 0.1% growth.Ida-related shutdowns dragged the growth by an estimated 0.2%, with … [Read more...] about Hurricane Ida Drags Industrial Production Growth to Four-Month Low in August
Eurozone, EU Industrial Production Rebound in July
Source: Eurostat Industrial production rebounded in the European Union in July, as well as in the Euro area which saw growth after two consecutive months in negative territory. VGK is up 0.29% premarket. Seasonally adjusted industrial production in the Euro area climbed 1.5% in July, up from -0.1% in June. Year-on-year production is up 7.7%.Monthly production of … [Read more...] about Eurozone, EU Industrial Production Rebound in July
UK Inflation Accelerates to Nine-Year High in August
Source: Office for National Statistics Inflation in the United Kingdom accelerated by a record-high in August, bringing the latest reading to the fastest in nine years. The Consumer Price Index (CPI) climbed by 3.2% in July, the fastest in nine years since the 3.5 print recorded in March 2012.The latest reading is 1.2 percentage points higher than the 2.0% in July, the … [Read more...] about UK Inflation Accelerates to Nine-Year High in August
Labor Costs Fall by 0.1% in the Euro Area in Q2 as the EU Region Eases Gains
Source: Eurostat Hourly labor costs fell slightly by 0.1% in the euro area in the second quarter of 2021 from the prior year, compared to a gain of 0.6% in the EU. DAX is down -0.12%, EURUSD is up +0.15%. Fig: Hourly Labor Costs in the Euro Area and EU Both the euro area and EU had a fall in labor costs from the first quarter of this year where it increased by 1.3% … [Read more...] about Labor Costs Fall by 0.1% in the Euro Area in Q2 as the EU Region Eases Gains
