Eyes on today U.S. Core CPI data.
Fed raised Interest Rates but expressed a dovish view about next moves for accompanying a not-so-convincing U.S. economic expansion.
Eurozone CPI inflation data (Preliminary release) ticked down while U.S. GDP preliminary release ticked upper than expected. Last U.S. Nonfarm payrolls and ADP Nonfarm Employment... more
EXPLANATION OF THE ECONOMIC NEWS
The German Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their... more
The euro strengthened against the US dollar during the Asian trade. At 11:00 in the Eurozone, data on industrial production will be published, while tonight at 20:00 in the US Federal Reserve should decide on the interest rate. Also, this institution will publish economic projections and will hold a press... more
Eyes on today Fed Interest Rates Decision (Rates are expected to rise up) and FOMC Meeting.
Eurozone CPI inflation data (Preliminary release) ticked down while U.S. GDP preliminary release ticked upper than expected. Last U.S. Nonfarm payrolls and ADP Nonfarm Employment data also surpassed consensus once again.
German Ifo and Manufacturing... more