Forex News

Source: Eurostat Industrial production in September 2021 fell by 0.2% in the euro area and 0.5% in the EU from August. DAX is up +0.16%, EURUSD is up +0.02%. In the euro area, production of capital goods declined by 0.7% from August as intermediate goods saw a 0.2% drop, while production of energy remained unchanged. Durable consumer goods rose by 0.5%, while … [Read more...] about Industrial Production Plummets in the Euro Area and EU in September

The EURUSD pair is hovering near its lowest level in a month as investors reflect on the recent interest rate decision by the Fed on Wednesday. The pair declined to 1.15099, which was a 1.49% decline from its highest price in October at 1.16845. ECB and German retail sales President Lagarde stated on Thursday that the ECB is highly unlikely to raise interest rates in 2022 … [Read more...] about EURUSD Weekly Outlook

Source: Office for National Statistics The UK’s economy continued to grow in the third quarter, albeit at a slower pace, while the trade deficit during the same period widened by double digits. EWU is up 0.57%. The UK gross domestic product is expected to have grown by 1.3% in the third quarter, marking the second straight quarter of expansion.The latest reading is slower … [Read more...] about UK Economic Growth Cools in Q3; Trade Balance at -£14.5 Billion

Source: Bloomberg European Central Bank is projecting that the euro area inflation will average 1.4% in 2023, below the target 2%. The central bank puts 2021 consumer prices to rise by 2.4% and 2.2% next year. DAX is up +0.089%, EURUSD is down -0.08% ECB still says the present elevated inflation is transitory and is linked to the economic reopening and continuing … [Read more...] about ECB Projects Euro-Are Inflation to Fall Below Target in 2023, Warns of Headwinds

Source: Department of Labor US unemployment claims continued to fall, hitting the lowest level since the COVID-19 pandemic hit for the fifth straight week. DXY is up 0.32%, while Gold is up 1.82%. Initial claims for the week ending November 6 were recorded at 267,000, down 4,000 from the previous week’s 271,000. The four-week moving average stood at 278,000, down … [Read more...] about US Jobless Claims Mark Pandemic-Low for Fifth Straight Week