Source: IHS Markit The Eurozone closed 2021 with a nine-month low economic growth, dragged by the resurgence of COVID-19 infections. EZU is up 0.52% premarket. The IHS Markit Eurozone PMI Composite Output Index declined to 53.3 in December from 55.4 in November. This is the slowest since March.The decline was attributed to the weak performance of the eurozone’s dominant … [Read more...] about Eurozone Ends 2021 With Nine-Month Low Economic Growth
Forex News
Manufacturing Growth Slows in December
Source: Institute for Supply Management Manufacturing expanded for the 19th straight month in December, albeit at a softer pace than in the previous month. The December Manufacturing PMI stood at 58.7%, down by 2.4 percentage points from November 61.1%.The biggest decline was seen in prices, which fell by 14.2 percentage points to 68.2% from 82.4%.Drops were also seen in … [Read more...] about Manufacturing Growth Slows in December
US Job Openings Fall by 6.6% in November as Quits Rise
Source: Bureau of Labor Statistics The US posted 10.6 million job openings on the last business day of November, a decline of 6.6% from the previous month. SPY is up +0.24%, DXY is down -0.16%. Job openings fell the largest in accommodation and food services at 261,000, followed by construction at 110,000. The openings rose in finance and insurance at 83,000, while 25,000 … [Read more...] about US Job Openings Fall by 6.6% in November as Quits Rise
French Inflation Edges Down Slightly to 3.4% YoY in Dec. on Easing Energy Prices
Source: Bloomberg French inflation steadied in December, signaling price pressures might have come close to the peak in the eurozone after surging on energy costs in the last few months. ENX down -1.40%, EUR USD down -0.11% The 3.4% year-on-year increase posted in the eurozone’s second-largest economy was slightly smaller than the initial estimate of 3.5% by … [Read more...] about French Inflation Edges Down Slightly to 3.4% YoY in Dec. on Easing Energy Prices
The US Dollar Price Forecast: GBPUSD Retreats From 6-week Highs as USDJPY Powers to Five-Week Highs
US dollar strengthens on rising yields.GBPUSD pulls back from six-week highs.USDJPY powers to five-week highs. The US dollar started the year on a high note, rising against the basket of major currencies. The dollar index appears to have found support above the 96.00 handle after coming under pressure late last year. The rally remains well supported by a surge in Treasury … [Read more...] about The US Dollar Price Forecast: GBPUSD Retreats From 6-week Highs as USDJPY Powers to Five-Week Highs
