Source: IHS Markit Manufacturing PMI in Germany rose for the second month to reach 65.9 in July from 65.1 in June, the highest since April and third on record. DAX is up +0.030%, EURUSD is up +0.20%. Manufacturing PMI was boosted by new orders, which registered the third-strongest gain on record, leading to an increase in backlogs.Output growth remains strong … [Read more...] about Germany’s Manufacturing Hits a 4-Month High as Employment Rises to a New Record
Forex News
NZDUSD Analysis: The Kiwi Recovering but the Fundamentals Look Unsupportive
The spike in Covid-19 cases amongst New Zealand's largest trading partners could hurt NZD further.New Zealand-China trade key to NZD's trajectory. The NZD/USD pair gained some ground on Thursday to trade at 0.69924, at 1412 GMT. The kiwi overcame reports of a -3.8% in its July business confidence, as new concerns arose concerning the spike in Covid-19 cases in the … [Read more...] about NZDUSD Analysis: The Kiwi Recovering but the Fundamentals Look Unsupportive
US Records a 0.1% Surge in Personal Incomes in June on Higher Compensation
Source: Bureau of Economic Analysis A higher compensation in a recovering economy helped US personal incomes hit $26.1 billion in June, up 0.1% from May. DXY is up +0.20%, DJI is down -0.27%. Disposable personal incomes shed a little less than 0.1% to reach $2.6 billion. Personal consumption expenditures increased by 1.0% from May to $155.4 billion in June.Real DPI … [Read more...] about US Records a 0.1% Surge in Personal Incomes in June on Higher Compensation
Unemployment Rate Down to 7.7% in Euro Area and 7.1% in EU
Source: Eurostat The euro area unemployment was 7.7% in June, a reduction compared to 8.0% reported in May, and 8.0% in the same time last year. DAX is down -0.75%, EURUSD is up +0.16%, FTSE 100 is down -0.88%. EU unemployment rate in June 2021 was 7.1%, down from 7.3% in May 2021 and 7.3% in June 2020. Eurostat estimated that in the EU, 14.916 men and women … [Read more...] about Unemployment Rate Down to 7.7% in Euro Area and 7.1% in EU
Euro Area Inflation Expected at 2.2% in July, Driven by an Uptick in Energy Prices
Source: Eurostat Annual inflation in the Euro area is expected to rise to 2.2% in July, up from 1.9% in June. DAX is down -0.81%, EURUSD is up +0.15% Energy is expected to lead with the largest rise in prices at 14.1% in July, higher than the 12.6% increase in June. Food, alcohol, and tobacco are expected to register a 1.6% jump in inflation, up from a 0.5% … [Read more...] about Euro Area Inflation Expected at 2.2% in July, Driven by an Uptick in Energy Prices
