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In August, German industrial output reported its biggest monthly ascend for more than six years, as Monday’s data disclosed.
As follows from this, the German economy is currently firing on all cylinders and it’s set for solid ascend in the third quarter. However, a question about the make up of the fresh government could generate uncertainty.
The combined output of construction, manufacturing as well as energy tacked on by 2.6% on the month having slumped by 0.1% in July, as data from the Economy Ministry revealed.
It turned to be the strongest monthly revenue since July 2011.It easily surpassed expectations in a Reuters survey for a 0.7% leap, confounding even the most optimistic forecast.
As for manufacturing output, it rallied by 3.2%, thus showing the greatest soar since March 2010. It’s because in August factories churned out more capital goods, intermediate goods as well as consumer goods.
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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