GBPUSD The United Kingdom’s Purchasing Managers’ Indices (PMI) lost some steam in November as the fears of the Omicron mutation started to take hold during the month. Services PMI for the month came at 58.5 points which dismayed analysts’ expected 58.6-point notch for the month. The result is also a sharp downgrade from October’s 59.1 …
EURCHF The Eurozone’s Consumer Price Index in November will be released on the last day of the month. The determinant of inflation is forecasted to come at 4.5% YoY, higher than the previous month’s 4.1% pace. This increased tension on the already problematic situation against surging consumer prices since the start of the second half …
EURNOK Norway’s economy expanded during the quarter ending in September as lockdowns eased during the period. The country’s Q3 Gross Domestic Product grows 3.8% quarter-on-quarter. This pace surpassed analysts’ expected 1.9% advance and the second quarter’s 2.3% growth. Mainland GDP likewise followed on the uptrend and ended at 2.6% QoQ. This again briefly beat analyst …
USDHKD The United States will update the retail sector’s figures on November 16. Traders are still looking forward to an expansion, despite the growing challenge with the global supply chain. On a month-on-month measure, the US Retail Sales is expected to jump 1.2% in October. Should this projection come into reality, it will surpass the …
USDCAD Canada’s unemployment rate falls again for the fifth straight month in October down to 6.7%. This is better than analysts’ 6.8% expectations for the month. It has also shown improvement compared to September figures which showed a 6.9% level. For the record, the 6.7% hit has been hailed as a pandemic low, showing good …
EURPLN Poland’s Consumer Price Index breaches above 6.0% for the first time this year in October due to rising fuel and food prices. The economic indicator notched a 6.8% YoY growth during the month, while a 1.0% hike month-on-month. Analysts forecast that the Polish CPI could surge further in the remaining months of the year. …
EURTRY Turkey’s confidence gauge in the manufacturing sector drops. October figures show the indicator narrowing to 109.6 points from September’s revised 113.4 points. The incumbent low sentiment among consumers and businesses has obviously taken a hit from the economy’s performance. Over the weekend, Turkish President Recep Tayyip Erdogan entered a diplomatic row with the US …
USDDKK In September, service-oriented industries skyrocketed buoyed by the resumption of U.S. economic activities. The services purchasing managers’ index increased to 54.9 points, higher than analysts’ 54.4 points consensus estimates. However, it is still lower than August’s 55.1 record. Additionally, the manufacturing PMI came in at 60.7 points, surpassing the 60.5 projections. Yet, slightly below …
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