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…
Japan's sturdy machinery orders demonstrate companies are ready to spend
In November, Japanese orders for machinery tacked on to their highest value for a decade, thus demonstrating that companies might finally be responding to policymakers' vigorous efforts to get them to spend their huge cash reserves to stimulate economic surge.
The major measure of capital expenditure was rolled out just as the country’s key business lobby urged Japanese businesses to have wages lifted by 3% in approaching annual salary talks with unions, backing the authorities’ efforts to step up inflation.
The developments actually suggest premier Shinzo Abe is making a big progress in making risk-shy businesses spur spending and help him to start a virtuous cycle of consumer spending, business investment and surge in the world's number three economy.
Additionally, the Bank of Japan is braced for painting an upbeat picture of the Japanese economy next week to indicate its next policy move would be not to ramp up, but to dial back its huge monetary stimulus.
Similar
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…
American business activity declines to 17-month minimum
In September, American private sector activity speeded down to a 17-month minimum, as follows from Friday’s survey data…
Latest news
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…
Deposit with your local payment systems
