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ECB And NFP To Take The Center Stage

ECB And NFP To Take The Center Stage

Sep 1, 2014

Last week's data from the US showed GDP for the second quarter of 2014 being revised higher to 4.2% annualized rate and consumer confidence index jumped to the highest level since October 2007. Meanwhile, US housing data were mixed but still suggested improving health of the sector. Stronger US...

European Market Update: Geopolitical Issues Weight Down PMI Manufacturing Readings In Session

European Market Update: Geopolitical Issues Weight Down PMI Manufacturing Readings In Session

Sep 1, 2014

The USD basically consolidated its recent against various currencies. The ongoing tensions in the Ukraine prompted the Russia Ruble to hit record lows against the greenback while the EUR/USD pair moved off 11-month lows set on Friday.

Euro At 1-Year Low Ahead Of ECB, Sterling Up Despite Weak PMI Data

Euro At 1-Year Low Ahead Of ECB, Sterling Up Despite Weak PMI Data

Sep 1, 2014

The euro reached the lowest level in almost a year against the dollar on Monday after reports showed manufacturing growth slowed to a 13-month low in August only days ahead of the European Central Bank meeting on Thursday. The final Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) dipped to...

Euro-Metrics Disappoint Before Thursday’s ECB

Euro-Metrics Disappoint Before Thursday’s ECB

Sep 1, 2014

The economic data drives the FX prices this Monday. Soft Asian manufacturing PMIs have been followed by disappointing Euro-zone and UK readings in August. France and Italy sank into the contraction zone (below 50), UK manufacturing index dropped to its lowest levels over a year. EUR and GBP remain...

Euro Zone Unemployment Too High, Inflation Too Low

Euro Zone Unemployment Too High, Inflation Too Low

Sep 1, 2014

The latest Eurostat data release reported no change in unemployment rate across 18-nation Euro bloc in comparison with the previous month, therefore staying at 11.5% mark, with 18.4 million jobless people. In comparison with the same period a year ago, unemployment decreased from 11.9%, or by 725,000 persons. Although...

U.S. Consumer Spending Unexpectedly Falls

U.S. Consumer Spending Unexpectedly Falls

Sep 1, 2014

The latest U.S. Commerce Department numbers indicated a slight decrease in consumer spending, falling behind experts' forecasts, following continuous growth in six-month period before. Experts explain the phenomena by stating that households are lagging behind as wages fail to accelerate. Household spending decreased by 0.1% in July compared to...