Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
Singapore November industrial output surge is seen at six-month minimum
In November, Singapore's industrial output managed to expand at the slowest year-on-year tempo for six months, as a Reuters survey disclosed, showing a high base effect from 2016 and also indicating a tempering in fourth-quarter economic surge.
In November, the country’s manufacturing output tacked on 9% from 2016, according to the median estimate in a Reuters survey of 11 market experts, slowing from October's expansion of 14.6%.
It would be the slowest year-on-year leap since May, when industrial output surged 4.6%.
On a month-on-month as well as seasonally adjusted basis, manufacturing output is ascending 0.7% that would be the same as the surge pace observed in October.
During the third quarter, Singapore’s economy rallied 5.2% from 2016, which is the fastest tempo in almost four years, due to a boom in manufacturing, which some analysts tell will provoke tighter monetary policy next year.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
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