Source: Destatis The number of employed persons in Germany increased by 0.1% or 26,000 in September compared to August, but remained 0.9% below the pre-pandemic period. DAX is down -0.28%, EURUSD is down -0.05%. The number of employed people without seasonal adjustment increased by 0.6% or 275,000 in September compared to the prior month due to the autumn upturn.The … [Read more...] about Employed Persons in Germany Jumps 0.1% but Still 0.9% Below Pre-Pandemic Levels
Forex News
US Crude Inventories Rebound to 430.8 Million Barrels
Source: EIA American commercial crude oil posted a slight rebound, as both refinery inputs and imports posted growth. Inventories for the week ending October 22 climbed by 4.3 million barrels to 430.8 million barrels. This is about 6% lower than the five-year average.Increases were reported in propane/propylene total commercial petroleum inventories, while finished … [Read more...] about US Crude Inventories Rebound to 430.8 Million Barrels
Durable Goods Orders Slip to Negative Territory in September
Source: US Census Bureau New orders for American-made manufactured goods slipped to negative territory in September, after four consecutive months of growth. XLI is down 0.05% premarket. New orders for manufactured goods fell by $1.0 billion or 0.4% to $261.3 billion, following the 1.3% climb in August to $262.3 billion.Shipments climbed $1.1 billion or 0.4% to $257.0 … [Read more...] about Durable Goods Orders Slip to Negative Territory in September
China Industrial Profits Expansion Heightens in Sept Despite Power Crunch and Cost Pressures
Source: National Bureau of Statistics Profits at China’s industrial firms expanded at a faster rate in September irrespective of surging prices and supply bottlenecks. CSI 300 Index down -1.31%, CNY USD down -0.16% Profits soared 16.3% on-year to reach $115.72 billion, rising higher than the 10.1% gain posted in August.The industrial sector has been hampered by the rising … [Read more...] about China Industrial Profits Expansion Heightens in Sept Despite Power Crunch and Cost Pressures
Forex Market Outlook: GBPUSD Under Pressure Below 1.3800 as USDJPY Rally Persists
US dollar on the front foot ahead of GDP.GBPUSD retreats from one-month highs.USDJPY upward momentum gathers steam. The US dollar remains on the front foot after two days of gains against the majors. The dollar strength remains well supported by rising treasury yields ahead of the release of key economic data and next week’s pivotal Federal Reserve meeting. The dollar … [Read more...] about Forex Market Outlook: GBPUSD Under Pressure Below 1.3800 as USDJPY Rally Persists
