by Julian Benson | Jan 18, 2023
Yesterday US economists heard the NY Empire State manufacturing index sank to -32.9 in January 2023, from -11.2 in December last year. This reading pointed to the fifth worst contraction in business activity ever recorded in New York state. It was also well below...
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by Christopher Nye | Jan 17, 2023
There are several key data releases scheduled in over the course of this week that could swing the dollar back into play with its rivals. The next big release to watch after tomorrow’s PPI and retail sales will be building permits on Thursday. In the previous release,...
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by Christopher Nye | Jan 17, 2023
The key release on everyone’s radar will be eurozone’s annual inflation rate tomorrow. The rate is expected to fall to 9.2% (in line with preliminary estimates). Also this week the European Central Bank’s president Christine Lagarde will give two speeches on inflation...
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by Christopher Nye | Jan 17, 2023
Yesterday was a quiet day for UK data releases however tomorrow’s claimant count change will be one to watch as it will give markets an insight into the number of people claiming unemployment related benefits. In the previous data, the Office for National Statistics...
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by Christopher Nye | Jan 17, 2023
Despite being up on the dollar yesterday, economists reported that sterling is still underperforming against the greenback compared to its December high. This is thought to be a result of looming recession fears and the warnings of continued belt-tightening from Hunt...
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