China’s inflation cooled in June, with producer prices posting the first monthly decline in eight months. The producer price index grew 8.8% in June, following the 9% peak recorded in May. This is the first monthly decline since October 2020.The consumer price index rose 1.1%, slower than 1.3% in May.The decline is in line with the drop in both input and output prices in the … [Read more...] about China’s Inflation Cools as Producer Prices Post First Decline in Eight Months
Forex News
EURNZD: Euro Strengthens Ahead of ECB Monetary Policy Statement
Germany’s current account had declined 29% to €21.30 billion in April 2021 from €30 billion (a decrease of €8.7 billion).The ECB is expected to release the policy statement on July 8, 2021.Homeowners in New Zealand have been warned of an increase in mortgage rates, with the OCR expected to be reviewed upwards in November 2021. The EURNZD pair added 0.37% as of 8:54 pm GMT on … [Read more...] about EURNZD: Euro Strengthens Ahead of ECB Monetary Policy Statement
American Jobless Claims Slightly Up to 373,000
Source: US Labor Department US unemployment claims posted a slight increase, following the fresh pandemic-low recorded in the previous week. DXY is down 0.41%, XAU is up 0.06%. Seasonally adjusted unemployment claims for the week ending July 3 grew by 2,000 to 373,000.The previous week’s level was revised 7,000 higher to 371,000, the lowest since the COVID-19 pandemic hit … [Read more...] about American Jobless Claims Slightly Up to 373,000
S&P Dow Jones Indices and FTSE Russell to Discard Extra Chinese Firms
Source: Reuters. The Major US Indices and FTSE Russell to remove more Chinese firms from their indices following a new U.S. executive order, banning domestic investment in companies with links to China’s Military. Chinese A50 Index is down -2.96%. The US index publisher pointed out 25 Chinese companies would be removed from its index on 2nd August, while FTSE … [Read more...] about S&P Dow Jones Indices and FTSE Russell to Discard Extra Chinese Firms
NZDJPY Pair Facing a Partial Decline in Price Analysis
Japan’s leading index for May 2021 (MoM) declined to -1.2% from 1.4%.The Bank of Japan (BOJ) downgraded nine economic regions with upgraded zones dependent on the export economy.New Zealand has maintained a pause to the extension of quarantine-free travel from New South Wales (NSW) and Queensland despite announcing the opening of air travel routes. The NZDJPY pair added … [Read more...] about NZDJPY Pair Facing a Partial Decline in Price Analysis
