Forex News

Source: University of Michigan Consumer sentiment slipped to a decade-low in early November, dragged by concerns over the ongoing uptick in inflation. The Consumer Sentiment Index stood at 66.8, down 6.8% from October’s 76.9 and 13.1% lower than the 76.9 the same month last year.The Current Economic Conditions indicator was recorded at 73.2, down 5.8% from 77.7 in October … [Read more...] about Consumer Sentiment Slips to Decade-Low on Inflation Woes

Source: Bureau of Labor Statistics The US posted 10.4 million job openings on the last business day of September, the same as the previous month. The rate of job openings was 6.6%. SPY is up +0.17%, DXY is down -0.06%. Job openings rose the highest in healthcare and social assistance at 141,000, followed by state and local government at 114,000. Education at both local … [Read more...] about US Job Openings Steady at 10.4 Million in September Amid Record Quits

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