The Oil prices eased for the third day after rising US output overshadowed some of the optimism that OPEC-led production cuts would tighten the balance between crude supply and demand.
Turkish Lira dropped significantly and lost value versus the US Dollar and Euro. Additionally, The Euro hit an all-time high against the Turkish lira at 4.5954
The Fed Bullard says; Need higher US productivity to lift wages. December rate hike may drive inflation further below target. Fed should replace Sep forecasts with the quarterly report. Concerned another rate hike may dim price expectations...
The Eurozone GDP Numbers were published today. The Data showed that the Eurozone Economy grew by an annualized 2.5% in the third quarter, outstripping growth in the U.S. economy. Another report showed that German Economy grew a larger-than-expected 0.8% in the third quarter, thanks to s...
Actual: 2.8% Forecast: 2.4% Previous: 2.6%
BOE Carney says; Due to Brexit, we will stretch out horizon over which we return inflation to target, in order to support the economy in the adjustment period. Would like a reasonable transition period post-Brexit. The UK operating under exceptional...
Janet Yellen says; Every bit of forwarding guidance at Fed should be conditional on the outlook of the economy. Always trying to emphasize economic conditionality of upcoming decisions. Market participants should understand forward guidance is not a...
BOJ Kuroda says; inflation expectation formation largely backward looking we continue with a strong accommodative policy communication is a matter of explaining the intent of the policy
Actual: 18.7 Forecast: 20.0 Previous: 17.6
Actual: 2.5% Forecast: 2.5% Previous: 2.5%
The ECB chief Draghi, the Fed Chair Yellen, BoE head Carney and BoJ Governor Kuroda will form an all-star panel at an ECB-hosted conference in Frankfurt. Moreover; Eurozone GDP growth and German ZEW Expectation survey will be published at the same time.
Actual: 0.1% Forecast: 0.2% Previous: 0.3%
Actual: 3.0% Forecast: 3.1% Previous: 3.0%
The UK October CPI data will be released. The Annual CPI is expected to reach a five-year high of 3.1% from 3.0% a month earlier. We might see some volatility in the Sterling
Actual: 0.8% Forecast: 0.6% Previous: 0.6%
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