Forex News

Source: Energy Information Administration American crude oil inventories increased by 2.3 million after inputs and imports increased from the previous week. Commercial crude oil inventories grew by 2.3 million barrels to 420.9 million barrels, about 7% below the five-year average for the average of the time period.Total motor gasoline inventories jumped 3.3 million … [Read more...] about US Crude Oil Inventories Up to 420.9 Million Barrels

Source: ADP American private employment increased by over half a million in September, posting the highest increase in three months. Total US Nonfarm private employment increased by 568,000, up from the 340,000 in August but lower than the 821,000 recorded in September 2020.Large businesses accounted for the highest growth with 390,000, followed by medium businesses with … [Read more...] about US Private Employment Climbs to Three-Month High in September

Source: IHS Markit The construction sector of the United Kingdom posted a decline in September, following issues on transport and supply constraints. The IHS Markit/CIPS UK Construction PMI stood at 52.6 in September, down from the 14-year high of 66.3 in June. This marks the weakest level in eight months.All three construction categories posted a decline in September, … [Read more...] about UK Construction Slows to 55.2 in September

Source: IHS Markit German construction continued to post a contraction in September, albeit posting an improvement from the previous month. The IHS Markit Germany Construction Purchasing Managers’ Index stood at 47.1 in September, up from 44.6 in August. This remains lower than the 50.0 threshold that separates expansion from contraction.Civil engineering posted the … [Read more...] about German Construction Continues to Contract in September

Source: Reuters The International Monetary Fund (IMF) has downgraded its global economic growth forecast for the year, weighed down by concerns of debt and inflation amid the COVID-19 pandemic. IMF Chief Kristalina Georgieva said the agency now expects global economic growth slightly below 6%, its forecast in July.Georgieva said the main concern is the “Great Vaccination … [Read more...] about IMF Slashes Global Economic Growth Forecast