Eurozone Manufacturing PMI fell to 54.8 in January, slightly below December’s 55.2, according to the IHS Markit press release. January’s PMI was a seventh successive month of expansion and among the highest seen over the past two-and-a-half years. Eurozone recorded growth across all the broad market groups, although the improvement in the consumer goods was … [Read more...] about Eurozone Manufacturing Growth Resilient Despite Falling Slightly in January
U.K Manufacturing PMI Plunged to a 3-Month Low in January
U.K Manufacturing PMI was 54.1 in January, a 3-month low, down from December’s three-year high of 57.5, according to IHS Markit press release. The January PMI level was weighed down by a decline in new order intakes and a steep reduction in input stocks caused by COVID-19 restrictions. Manufacturing output increased for the eighth successive month in January, … [Read more...] about U.K Manufacturing PMI Plunged to a 3-Month Low in January
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Lux Algo is an advanced system that assists you in formulating your own strategies, getting trading signals, and identifying opportune trading moments. The tools provided by Lux Algo work alongside TradingView, a website for traders where you can find advanced trading ideas and live quotes. This system promises to extract the best signals regardless of the market noise, … [Read more...] about Lux Algo Review
What Impact Do Currency Fluctuations Have on The Economy?
Global trade might not be at its highest peak today, but it remains a critical aspect of the global economy. According to analysis, global trade has grown exponentially over the past century, largely on the back of increased economic integration through globalization. National economies are now part of a global economic system, which has contributed to the creation of wealth on … [Read more...] about What Impact Do Currency Fluctuations Have on The Economy?
U.S. Recorded 0.3% Drop in Pending Home Sales in December
Pending home sales index in the U.S slipped 0.3% in December to 125.5, according to the National Association of Realtors press release. NAR attributes the drop in pending home sales to having too few homes for sale. Contract signings rose 21.4% year over year.NAR chief economist Lawrence Yun believes there is a high demand for housing and many would-be buyers, and … [Read more...] about U.S. Recorded 0.3% Drop in Pending Home Sales in December
