US Markets closed today for Thanks Giving. Germany figures are euro positive. US Dollar exchange rate The USD fell against for a third day, the longest streak in a month, after data raised concern the U.S. economic recovery has slowed down! U.S. Labor Department figures yesterday showed the pace of improvement in the labor market …
Monthly archives: November 2014
positive euro exchange rate data
Good morning, Today we have some positive euro data!! German unemployment dropped and the jobless rate reached a record low as businesses and investors become more confident that Europe’s largest economy will keep growing. Germany’s economy returned to growth in the third quarter and business confidence and investor sentiment both improved in November as the …
pound slipped 0.1 percent against the dollar and the euro
Britain’s biggest mortgage lenders face faltering earnings growth as potential homebuyers pull back before next year’s general election, regulators tighten financing and the economy slows. Nationwide Building Society, the U.K.’s third-largest mortgage lender, yesterday reported a 36 percent slump in home loans in the six months through September, an indicator that other banks may encounter …
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Pounds to Euros
A quiet day for the UK today following a busy end to last week. The pound initially had fallen to well below 1.25 and was boosted by the less dovish tone from the Bank of England committee pushing the pound up a solid 100 points against the euro. This was also helped by Draghis comments …
European Central Bank Executive Board member Yves Mersch
Today is a quiet day on the economic calendar with no UK, Euro and US Data out. Markets will shift their attention to tomorrows data with Euro Industrial production released in the morning followed by the Bank of England Inflation report. An interesting read on Bloomberg this morning headlined Mark Carneys revolution at the bank …
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Australian dollar gained
Today is a fairly quiet day in terms of economic data for both the UK and EU. Looking ahead to the rest of the week the key event is likely to be Wednesdays release of the Bank of England inflation report and Governor Carneys press conference. With a number of MPC members having signalled that …
European Commission cut its economic forecasts
The dollar rose to its strongest level in seven years against the yen, boosted by signs of strength in the US Economy as the Fed Reserve considers when to raise interest rates for the first time since 2006. The Fed is moving closer to its first interest-rate increase in eight years after finishing its program …
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pound drop against both the euro and US Dollar
Yesterday saw the pound drop against both the euro and USD following Octobers construction PMI posting a decline on the previous month. Initially markets had been expecting some positive data but the pound took a tumble when the post revealed the not so good data. This morning we have the October services PMI for both …
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euro area producer price inflation data
Ahead of Thursdays ECB policy announcement, this morning’s release of euro area producer price inflation data for September is likely to face heavy market scrutiny. For the UK today we have the Construction PMI for October. The PMI has remained strong with a 64.2 reading in September following 64.0 in August. Markets are expecting this …
euro area inflation for October
The main focus this morning will be the flash estimate of euro area inflation for October, providing an initial area-wide read of whether disinflationary pressures are continuing to mount. In the afternoon, attention will shift to the US release of income, spending and consumption deflator data for September. In the UK, the main release will …