The Japanese economy grew by 0.3% in the third quarter of 2017, lower than 0.4% that was expected. It is also below 0.6% seen in Q2. Year over year, the world’s third-largest economy advanced by only 1.4%, also falling short of expectations. The positive twist is that the economy grew by seven straight quarters in [...]
The post Japanese GDP grows slowly – JPY actually rises appeared first on Forex Crunch.
Australian wages are not going anywhere fast. They advanced by 0.5% q/q in the third quarter, the same as in Q2 but lower than 0.7% expected. Year over year, salaries advanced by 2%, also below 2.2% that was predicted. AUD/USD dropped to below the 0.76 level. The pair slipped to lower ground yesterday but managed [...]
The post AUD: No money, no money – falling on wages appeared first on Forex Crunch.
US inflation is rising, at least at the producer level. PPI is up 0.4% m/m in both the headline and the core numbers. Year over year, PPI is up 2.8% and core PPI is up 2.4%. All the figures come up above expectations. The US dollar is slightly stronger in the immediate aftermath. EUR/USD is [...]
The post US PPI beats with 0.4% – EUR/USD slips from the highs appeared first on Forex Crunch.
ECB President Mario Draghi hosts a panel with his top-tier peers: Fed Chair Janet Yellen, BOJ governor Haruhiko Kuroda, and BOE Governor Mark Carney. They are the biggest influencers of the world’s top currencies: the euro, dollar, yen, and pound. Here is a live blog of the event.
The post Yellen, Draghi, Carney and Kuroda live blog appeared first on Forex Crunch.
After a strong start to the day, the bulk of economic data is somewhat more mixed. Euro-zone GDP was confirmed at 0.6% q/q and 2.5% y/y. The German ZEW Economic Sentiment rose to 18.7 points but this fell short of 20 points expected. Industrial output slipped by 0.6% as expected but rises 3.3% y/y, which [...]
The post Euro-zone GDP remains at 0.6% – EUR/USD consolidates appeared first on Forex Crunch.
All the UK inflation numbers come out worse than expected. HEadline CPI is only 3% y/y and 0.1% m/m. Core CPI is also unchanged at 2.7% instead of 2.8% predicted. The Retail Price Index (RPI) advances to 4% but also falls short of predictions. PPI data stands out by exceeding expectations at 1%, but this [...]
The post UK inflation remains at 3% – GBP slides appeared first on Forex Crunch.
The economy of Italy is seeing accelerating growth: 0.5% q/q, the highest since 2009. This may provide some comfort after Italy was left out of the World Cup for the first time in 60 years. EUR/USD consolidates its gains and trades around 1.0710. Resistance awaits at 1.1780 and support at 1.1670. Italy, the third-largest economy [...]
The post Italian GDP rises by 0.5% as expected – EUR looks strong appeared first on Forex Crunch.
