Forex News

Source: Eurostat The annual inflation rate held at 7.4% in the euro area in April 2022, holding steady at the March levels but higher than 1.6% in the prior year. EURUSD is down -0.21% on premarket, DAX is up +0.063%. In the EU, annual inflation was at 8.1% in April, accelerating from 7.8% in March and higher than 2.0% in the prior year.Inflation rose the highest in the … [Read more...] about Euro Area Inflation Holds Steady at 7.4%, Rises in the EU

Source: Federal Reserve The total volume of industrial production rose for the fourth straight month, with an increase of 1.1% in April, more than an estimated gain of 0.5%. SPY is up +1.20%, DXY is down -0.78%. Manufacturing output also saw increases, adding 0.8% in April, surpassing estimates of 0.4%. The utilities index rose up 2.4%, while the gauge for mining saw a … [Read more...] about US Industrial Output Jumps by 1.1% to Surpass Estimates in April

Source: US Census Bureau The ratio between business inventories and US sales posted a slight increase in March, as inventories climbed at a faster pace than sales during the period. QQQ is up 1.51%, while SPY is up 1.14%. The value of distributive trade sales and manufacturers’ shipments was estimated at $1.832 trillion in March, up 1.8% from February and 14.1% from March … [Read more...] about US Trade Sales, Inventories Climb in March

Source: Eurostat Economic growth in both the eurozone and the European Union picked up in the first three months of the year, following the flat performance recorded in the previous quarter. EZU is up 2.25%, while VGK is up 1.32% premarket. The eurozone economy climbed by 2.6% in the first quarter, faster than the 2.1% recorded in the two previous quarters and 1.9% in the … [Read more...] about Eurozone, EU Economic Growth Accelerate in First Quarter

Source: Office for National Statistics The UK posted an unemployment rate of 3.7% in the quarter January to March 2022, a decline of 0.3 percentage points. FTSE 100 is up +0.93%, GBPUSD is up +1.11%. The decline in unemployment comes even as the job vacancies in February to April hit a fresh record of 1.295 million. For the first time on record, there were fewer … [Read more...] about UK Unemployment Falls to 3.7% as Record Job Vacancies Reported