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ECB's Praet says: Markets are expecting end of QE at the end of 2018 That's an observation and input for discussion Expects interest rates to remain at present levels for an extended period of time Will remain so well past the horizon of th...
In the US, Trade Balance will be important releases of today. US Trade Balance for April is expected to see the deficit increase to $50billion from $49billion. Also, Canada Ivey PMI and Trade Balance will be widely followed by markets. Trade Balance for April is expected to see the defi...
In the US, Trade Balance will be important releases of today. US Trade Balance for April is expected to see the deficit increase to $50billion from $49billion. Also, Canada Ivey PMI and Trade Balance will be widely followed by markets. Trade Balance for April is expected to see the defi...
The market expects the unemployment rate to be to 5.6% in November, the same as a month ago. A lower than expected reading should be taken as negative for the Euro.
UK May services PMI 54.0 vs 53.0 expected Markit noted that the PMI survey signals GDP growth of 0.4-0.5% for Q2, but there is uncertainty as to whether the pace will continue to weaken in the coming months
We will focus on the report on activity in the Service sector from the Eurozone and US today. German Service PMI is expected to remain flat at 52.1 in May compared to a month. While Eurozone Service PMI is also expected to remain at 53.9. Another Important data that will prov...
US Nonfarm Payrolls rose by 223K in May. The data was higher than the consensus estimate for the creation of 189K jobs. The unemployment rate surprised us and it fell from 3.9% to 3.8%. Also, Average hourly earnings advanced 0.3% month-on-month in May, above expectations for a 0.2% gain.
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