Daily news: Japan and the US meet today for trade talks
BOJ governor Kuroda made a speech today during the scheduled press confidence at 10:30 MT time…
China's factory surge steps down a bit in January
In January, China's manufacturing sector stepped down a bit because the government's fierce clampdown on air pollution along with a cooling property market affected activity, as a Reuters survey disclosed.
However, the tempo of expansion is anticipated to stay relatively healthy, backing experts’ views that the world's number two economy will see only a moderate slowdown in surge in 2018 after a forecast-confounding 2017.
On Wednesday, the official manufacturing Purchasing Managers' Index is believed to descend to 51.5 for January versus December’s reading of 51.6, as follows from a median estimate of 42 experts survey by Reuters.
Aside from that China is also believed to keep executing a wide-ranging crackdown in 2018 on riskier types of debt and financing. The given campaign is gradually pushing up businesses’ borrowing costs as well as making it harder and costlier for weaker companies to raise funds.
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Germany is on track for firm surge
In September, business morale stood still in Germany, underpinned by construction and consumer spending, as a poll revealed…
Daily news: Crude oil prices keep rising
The main focus for EUR/USD today will be on the ECB president Mario Draghi speech at 4 pm MT time…
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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