Source: Reuters China’s businesses and the wider economy came under significant pressure in August as factory activity grew at a slower pace while the services sector dropped into contraction. CSI 300 Index down -0.16%, CNY USD up +0.07% China’s economy posted an impressive recovery from the Covid-19-engineered slump, but momentum has weakened due to domestic Covid-19 … [Read more...] about China’s Economy Contracted in August, as Manufacturing PMI Dropped to 50.1
The Comeback Kid EA Review
The Comeback Kid EA is a Forex expert advisor that also functions as a trade manager. It is a fully automated system that, according to the vendor, can keep the trader profitable and generate a gain of 5-10% on a monthly basis. However, we need to conduct our own investigation to determine whether this is truly a trustworthy EA. Detailed Forex robot review We have a short … [Read more...] about The Comeback Kid EA Review
Pending Home Sales Moderate as Prices Hit All-Time Highs
Source: NAR Pending home sales slipped in July, as buyers reconsidered with prices hitting all-time highs. VNQ is up 0.45%, MORT is down 0.46%, and IYR is up 0.49%. The Pending Home Sales Index fell 1.8% both-month-on-month and 8.5% year-on-year to 110.7 in June. A 100 index is equivalent to activity in 2001.The Northeast PHSI fell 6.6% month-on-month and 16.9% … [Read more...] about Pending Home Sales Moderate as Prices Hit All-Time Highs
German Annual Inflation Jumped 3.4% in August, a New 13-Year Record High
Source: Reuters Germany's annual consumer price inflation rose to hit a new 13-year record high in August, caused by growing price pressures as the economy recovers from the pandemic. DAX up +0.077%, EURUSD down -0.10 Consumer prices, harmonized to make it comparable with inflation data from other EU countries, increased by 3.4% compared with 3.1% in July.The August … [Read more...] about German Annual Inflation Jumped 3.4% in August, a New 13-Year Record High
GBPUSD Weekly Outlook: The Pair Is Bullish on Business Confidence Boost
UK Business confidence jumped 6% points to 36% in August 2021 (YoY). Approximately 13% of UK businesses that were not stopped from trading at the height of the pandemic reported lower-than-normal stock levels. The US GDP rise of 6.6% in Q2 2021 (QoQ) failed to meet analysts’ estimates at 6.7%. The GBPUSD pair added 0.50% as of August 27, 2021, to close at … [Read more...] about GBPUSD Weekly Outlook: The Pair Is Bullish on Business Confidence Boost
