ONLINE FOREX BROKER
The euro zone's economy appears to be on track for a sturdy finish to this year, and companies are actually passing on more of their costs to customers because pricing power inched up, as a poll unveiled on Monday.
In October, IHS Markit's final composite Purchasing Managers' Index for the euro zone went down to 56.0 from September's outcome of 56.7, thus ruining an earlier flash forecast of 55.9.
The final euro area PMI was updated up marginally from the flash forecast just to leave euro area surge looking healthy enough at the beginning of Q4, as some financial experts stressed.
As earlier figures revealed, surge was still firm in France and Germany, the bloc's two leading economies, although slowed in Italy, hinting a recent flurry in economic activity in this country might be petering out.
Surge in Spain's major services sector edged down to its lowest value for nine months because the political crisis in Catalonia affected heavily business sentiment.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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