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In October, German industrial output edged down suddenly, as data disclosed on Thursday. Most probably it was caused by public holidays, which let employees take long weekends, as the Economy Ministry and analysts informed.
Industrial output went down by 1.4% having dipped by an updated 0.9% in September. The two successive sags arose after a leapt of 2.6% in August, which is the biggest rally in more than six years.
Europe's number one economy is definitely firing on all cylinders now. State spending, consumption and soaring exports are driving surge in both services and industry.
Underpinned by low interest rates as well as a firm labor market, the German economy is weathering a political impasse coming from Chancellor Angela Merkel's inability to form a government since September’s election.
Next week Angela Merkel is supposed to start negotiations with the center-left Social Democrats on modifying their coalition that has ruled Germany since 2013.
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.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
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.
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…
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