The US Crude oil stocks are expected to decline by 2.200 M this week. It may be important for oil prices. Note that oil stocks rose by 2.237 M barrels in last week.
The Commerce Department will publish October inflation figures in 30 minutes. Market analysts expect consumer prices to rise 0.1%, while core inflation is forecast to inch up 0.2%. On a yearly base, core CPI is projected to climb 1.7%. Core prices are viewed by the Federal Reserve as a...
There is no market consensus for the unemployment rate in August. The seasonally adjusted unemployment rate in July was 10.7%. A higher than the previous number should be taken as negative for the Turkish Lira.
In the UK, traders will focus on monthly unemployment for further indications on the continued effect that the Brexit decision is having on the economy. Unemployment Rate for September is expected to remain flat at 4.3%. Any sign of pick up will be considered negative for Sterling.
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...
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