Source: Bloomberg Munich-based research institution Ifo Institute slashed its economic growth projection for Germany for 2021 on supply chain concerns. Ifo expects Germany's economy to grow by 3.3% this year from its earlier forecast of 3.7%.The 2022 growth projection was revised upward to 4.3% from 3.2% previously.Losses due to the COVID-19 pandemic are pegged at … [Read more...] about German Economic Growth Forecast Slashed to 3.3% on Supply Chain Concerns
UK Inflation Hits 2.1% in May on Higher Clothing and Petrol Prices
Source: Office for National Statistics British inflation in May surged to a level not seen in nearly two years, driven by higher prices of clothing and petrol products. Inflation accelerated to 2.1% in May from 1.5% in April and 2.0% the same month in 2020.The latest inflation print is the same as July 2019 and December 2018, and is only lower than November 2018's … [Read more...] about UK Inflation Hits 2.1% in May on Higher Clothing and Petrol Prices
China’s Retail Sales Jumps 12.4% to Miss Estimates as Uneven Recovery Continues
Source: National Bureau of Statistics of China China’s retail sales jumped by 12.4% in May to miss the expected rise of 13.6%. Other economic indicators also missed expectations to underscore lower consumer spending amid robust economic recovery. CSI 300 sheds -1.67%, USDCNY is down -0.13% In April, China’s retail sales also rose at a lower than expected 17.7% level as … [Read more...] about China’s Retail Sales Jumps 12.4% to Miss Estimates as Uneven Recovery Continues
Forex Asrtobot Review
Forex Asrtobot is an advisor that can make “$16,000 monthly.” We have no idea from what account balance. The developer is Rita Lasker who’s a well-known scammer among Forex-related scammers. Forex Asrtobot is advertised as “The most anticipated product for Forex traders!” Is it so? Let’s find out. Detailed Forex Asrtobot Review There are five blocks of information … [Read more...] about Forex Asrtobot Review
How to Trade the Trend Successfully
What is a trend? It is essential to know what a trend is and its characteristics so that you’ll be able to spot it easily. It also helps to differentiate a trend from other formations to avoid entering a trade you do not understand. There are two main types of trends, namely an uptrend and a downtrend. During an uptrend, the highs become progressively higher and the … [Read more...] about How to Trade the Trend Successfully
