October 2020 industrial production rose by 2.1% in the euro area and 1.9% in the EU, according to Eurostat press release. The industrial production increase was higher than the September 2020 growth of 0.1% in the euro area and 0.3% in the EU. In October 2020, compared with October 2019, industrial production fell by 3.8% in the euro area and by 3.1% in the EU. In … [Read more...] about Industrial Production in Euro Area and EU Rises, Remains Below October 2019 Level
Forex News
US Dollar Outlook for 2021 – Is it a Buy, Sell or Hold?
The US dollar has had a rough ride in 2020. The currency soared to a multi-year high in the first quarter and then collapsed to the lowest level since 2012 in December. It has dropped against all major currencies like the euro, yen, and franc and emerging market currencies like the South African rand and the Mexican peso. In this article, we will provide an outlook for the US … [Read more...] about US Dollar Outlook for 2021 – Is it a Buy, Sell or Hold?
U.S. Initial Jobless and Continuing Claims Rises Above Expectations
U.S. initial jobless claims for the week ending December 5 was 853,000, up 137,000 from the previous week and above expected 725,000, according to the Department of Labor press release. Continuing claims were 5.76 million, up from the expected 5.21 million. Prior initial jobless claims were revised up by 4,000 from 712,000 to 716,000 Prior continuing claims … [Read more...] about U.S. Initial Jobless and Continuing Claims Rises Above Expectations
U.S. Job Openings Remained Little Changed in October
U.S. number and rate of job openings remained a little unchanged at 6.7 million and 4.5% respectively on the last business day of October, according to the Bureau of Labor Statistics press release. Most job openings were in health care and social assistance at 122,000 and state and local government education, which recorded 23,000 gains. Job OpeningsIn October, the number of … [Read more...] about U.S. Job Openings Remained Little Changed in October
Australia Blames China for Acting Against “Letter and Spirit” of Trade Deal
Australia has accused China of going against the "letter and spirit" of the China-Australia Free Trade Agreement (ChAfta), a deal the two countries agreed to review at least after five years, according to SCMP. Neither Beijing nor Canberra has expressed willingness to further review the bilateral free-trade agreement signed five years ago, given the ongoing trade … [Read more...] about Australia Blames China for Acting Against “Letter and Spirit” of Trade Deal
