Share: US S&P Global Composite PMI held steady at 50.7 in November’s flash estimate. US Dollar Index stays in negative territory at around 103.50. The economic activity in the US private sector continued to expand at a modest pace in early November, with S&P Global Composite PMI holding steady at 50.7. The Manufacturing
Share: In its latest report published on Tuesday, the International Monetary Fund (IMF) upgraded its gross domestic product (GDP) growth forecasts for China to 5.4% in 2023 and 4.6% in 2024. This came in contrast with October’s outlook when the IMF revised down 2023 and 2024 China’s growth forecasts for China to 5.0%
Share: GBP/JPY sticks to modest intraday gains near the multi-week top touched earlier this Thursday. The BoJ’s dovish stance, a positive risk tone continues to undermine the JPY and lend support. Traders now look to the UK macro data before positioning for any further appreciating move. The GBP/JPY cross now seems to have
Share: Producer inflation in the US accelerated in September. US Dollar Index stays below 106.00 after the PPI data. The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August, the data published by the US Bureau
Share: Office for National Statistics will release the UK labor market report at 06:00 GMT on September 12. The Unemployment Rate in the United Kingdom is set to rise to 4.3% in the quarter to July. The UK jobs and wage inflation data could have a strong bearing on the BoE interest rate
Share: US Nonfarm Payrolls are expected to increase by 170K in August, slowing from the 187K reported in July. The headline NFP and Average Hourly Earnings could impact the Fed’s future policy. The Unemployment Rate in the United States is seen steady at 3.5% in August. Traders scale back the odds of a
Share: Consumer Price Index in the US is forecast to rise 3.3% YoY in July, up from the 3% increase recorded in June. Core CPI inflation is expected to hold steady at 4.8% YoY in July. US CPI inflation report could significantly impact the US Dollar’s valuation by altering the Fed’s rate outlook.
