ONLINE FOREX BROKER
In October, Germany's unemployment total went down moderately more than anticipated, as data disclosed on Thursday. It showed the strength of a labor market, which keeps generating new jobs and backing a consumption-led upswing in Europe's number one economy.
Data issued by the Federal Labour Office unveiled the seasonally adjusted jobless total inched down by 11,000 tumbling to 2.495 million, which is the greatest sink than the 10,000 estimate in a Reuters survey.
The unemployment rate was still at 5.6%, which is the lowest value since reunification in 1990.
The firm upturn in the autumn has made both unemployment as well as underemployment dive more strongly than before.
The healthy labor market needs to continue backing a consumption-based surge cycle in Germany, thus contributing to ascending tax revenues, which will provide the next government with fiscal leeway to spur investment.
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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