Is Improving Eurozone Inflation Minimizing Deflation Risk?
On a year-over-year basis, the Eurozone inflation index was 1.4% in October compared to 1.5% in September 2017, according to data provided by Eurostat.
Macroeconomic Analysis
China’s Retail Sales Fell Last Week: Will That Affect Growth?
According to a report provided by the National Bureau of Statistics of China, on a yearly basis, China’s retail sales rose 10% in October compared to a 10.3% rise in September 2017.
German Ifo Business Climate Rises: Are Investors Optimistic?
According to the report provided by the Ifo Institute for Economic Research, the German Ifo Business Climate Index is 117.5 so far in November 2017 compared to 116.8 in October 2017.
A Look at Key Economic Indicators Released Last Week
In this series, we’ll take a look at US inflation, US retail sales, and China’s retail sales for October 2017. We’ll also analyze some economic indexes and the Eurozone’s consumer confidence in November 2017.
US Dollar Index Is Weak in the Early Hours on November 27
The US Dollar Index started this week on a weaker note and traded below the opening prices in the early hours on Monday.
US Dollar Index Weak in The Early Hours of November 23
US Dollar Index The US Dollar Index has been weak for two consecutive trading weeks, and started this week on a mixed note. The index lost strength as the week progressed and fell to four-week lows on Wednesday. The US Dollar Index opened the day with weakness on Thursday. Market sentiment Market sentiment towards the US Dollar Index was […]
Brazil’s Manufacturing PMI Improved: What’s Driving the Growth?
According to data provided by Markit Economics, the final Markit Brazil Manufacturing PMI (purchasing managers’ index) stood at 51.2 in October 2017 as compared to 50.9 in September 2017.
Households Think It’s a Good Time to Buy a Home
According to the latest report from NAR, existing home sales have risen 2% to a seasonally adjusted annual rate of 5.48 million in October.
Housing Market: What a Rise in Building Permits Signals
In October 2017, building permits were at a seasonally adjusted rate of 1.297 million—an increase of 5.9% from the reading of 1.225 million in September.
How Brazil’s Services PMI Looked in October 2017
Brazil’s service PMI stood at 48.8 in October as compared to 50.7 in September 2017 and was below the preliminary market expectation of 50.5.
China’s Services PMI Improved: Is the Economy Back on Track?
According to data provided by Markit Economics, the Caixin China Services PMI (purchasing managers’ index) improved in October 2017 from its 21-month low in September.
Why India’s Services PMI Rose in October
According to data provided by Markit Economics, the final Markit services PMI (purchasing managers’ index) for India strengthened in October 2017.
Analyzing Housing Starts in October 2017
In October 2017, housing starts rebounded sharply from the slump in September. October housing starts beat the market’s expectations.
How Russia’s Services PMI Trended in October 2017
According to a report by Markit Economics, the final Russia Services PMI (purchasing managers’ index) fell in October 2017 as compared to September.
Why Indonesia’s Manufacturing PMI Weakened in October
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing activity stood at 50.1 in October as compared to 50.4 in September.
How Bitcoin Differs from Other Currencies
Bitcoin has been rallying for the past year, with some proponents advocating that it could replace fiat currencies in the future.
US Dollar Index Consolidates in the Early Hours
In the early hours on November 22, the US Dollar Index is trading with weakness below the opening prices.
Reading the Trends in Capacity Utilization across US Industries in October
Among the key macroeconomic indicators published by the Fed, capacity utilization in US industries helps investors forecast business cycle changes.
Which Industries Increased Industrial Production in October?
The October Industrial Production report was released by the Fed on November 16 and showed a continued rebound in key sectors of the US economy.
What Drove the Euro Higher against the Dollar Last Week?
The euro-dollar (FXE) closed the week ending November 17 at 1.2, appreciating by 1.1% against the US dollar (UUP).
Breaking down Bitcoin and Cryptocurrencies: Key Characteristics
In the case of bitcoin, the safety of the system is linked with the bitcoin algorithm, which miners keep solving to generate new coins and maintain the system.
Could US Dollar Recover This Week?
The US Dollar Index (UUP) continued to struggle as the fate of US tax reform remains uncertain.
Is Blockchain Technology Really the New Internet?
It’s important that we understand the core technology behind cryptocurrencies if we want to appreciate the ingenuity of the bitcoin creation.
How Bitcoins Are Created Today
In the bitcoin world, mining involves investing a lot of capital in computer hardware and competing with fellow miners to solve a complex mathematical problem.
How the First Bitcoin Was Created
Satoshi Nakamoto is considered to be the founder of bitcoin, but the actual identity of Satoshi Nakamoto is not known.
How Did Bitcoin Come to Be?
The idea behind bitcoin is simple: to create a new platform for transactions that are independent of central banks and involve minimal transaction costs.
US Dollar Index is Stable in the Early Hours on November 20
The US Dollar Index opened on a stronger note on November 20. However, the dollar lost strength as the day progressed.
Chart in Focus: The Consumer Price Index Rose in October
The Fed is expected to increase the target funds rate by 0.25% at its December meeting.
The UK’s Services PMI Rose Strongly: How Could Its Impact the Economy?
The final UK services PMI (purchasing managers’ index) rose strongly in October 2017. It stood at 55.6 in October 2017 compared to 53.6 in September 2017.
US Dollar Index Is Weak in the Early Hours on November 17
The US Dollar Index started Friday on a weaker note and traded below the opening prices with weakness in the morning session.
How an Increase in the Producer Price Index Affects the Economy
The October Producer Price Index rose 0.4% month-over-month, and it was unchanged compared to the September reading. On a year-over-year basis, the index has risen 2.8%.
Why the Eurozone Services PMI Weakened in October 2017
The final Eurozone services PMI (purchasing managers’ index) stood at 55.0 in October 2017 compared to 55.8 in September 2017.
Why Germany’s Services PMI Weakened in October
The final Markit Germany’s services PMI (purchasing managers’ index) stood at 54.70 in October 2017 compared to 55.60 in September 2017.
Why Japan’s Services PMI Improved Solidly in October 2017
Japan’s services PMI (EWJ) (DXJ) rose solidly in October 2017. It stood at 53.4 in October 2017 compared to 51.0 in September 2017.
Insight into France’s Services PMI in October 2017
The final Markit France services PMI (purchasing managers’ index) stood at 57.3 in October compared to 57 in September 2017.
Why Spain’s Services PMI Fell in October 2017
According to a report by Markit Economics, the final Spain services PMI stood at 54.6 in October 2017 compared to 56.7 in September 2017.
How Euro Managed to Bounce Back Last Week
The euro-dollar (FXE) pair closed the week ending November 10 at 1.2, appreciating 0.48% against the US dollar (UUP).
Will US Dollar Survive Tax Reform Uncertainty?
The US Dollar Index (UUP) lost steam last week after posting three consecutive weekly gains.
Here’s What Drove Consumer Expectations Lower in November
The University of Michigan Preliminary Consumer Sentiment for November was reported at 97.8, which was 2.9 lower than the final October reading of 100.7.
What Led to the Rise in the US Trade Deficit in September?
The latest report was released on November 3 and indicated that the goods and services deficit was $43.5 billion in September, or $0.7 billion higher than in August.
This ISM Index Hit a Lifetime High in October
For October, service sector activity rose at a pace not seen since the inception of the report. The non-manufacturing index reached a lifetime high of 60.1.
What Caused the Fall in Manufacturing Activity in October?
The US Manufacturing PMI (purchasing managers’ index) for the month of October fell to 58.7, compared with 60.8 in September.
Key FOMC Insights and the New Fed Chair
The US FOMC left rates unchanged after the November 2017 meeting, as expected, setting the stage for a potential rate hike in December.
Why the IMF Upgraded Its Eurozone Growth Forecast
The International Monetary Fund (or IMF) has upgraded its growth projections for Eurozone countries, including France, Germany, Italy, and Spain.
Why the IMF Sees Continued Uncertainty in the UK
The International Monetary Fund (or IMF), in its October world economic outlook, downgraded its growth outlook for the United Kingdom.
IMF: Why US Economic Growth Could Slow
The International Monetary Fund (or IMF), in its “World Economic Outlook” (or WEO) released in October, upgraded the economic forecast for the United Statess for 2017.
Charting the Steady Rise of the Eurozone’s Manufacturing PMI
The Eurozone’s final manufacturing PMI showed solid improvement in October 2017, coming in at 58.5, compared with 58.1 in September.
Behind Spain’s New and Improved Manufacturing PMI
Spain’s manufacturing PMI rose to 55.8 in October 2017, compared with 54.3 in September 2017. The PMI figure beat the preliminary market estimation of 54.9.
What No Change in Germany’s Manufacturing PMI Could Mean for Its Economy
Germany’s final manufacturing PMI showed no change in October, coming in at 60.6, and meeting the preliminary market estimation of 60.5.
How France’s Unchanged Manufacturing PMI in October Could Affect Markets
The final France manufacturing PMI, remained unchanged in October 2017, standing at 56.1 and falling short of the preliminary market estimate of 56.7.