Month: February 2020

According to recent data, Chinese inflation hit its highest level in 8 years, at 5.4 percent in January after being at 4.9 percent in the previous month. The increase is mostly due to rising food prices, higher demand associated with the New Year festivities, together with the Coronavirus epidemic. Excluding […]

Sunday saw a record 97 deaths due to coronavirus on mainland China, but that didn’t stop employers from opening their doors after weeks of keeping workers at home. Businesses and factories had been closed in an extension of the Chinese Lunar New Year for ten days. Public transportation remains largely […]

As market players await news from the US Labor Department on January’s private sector new jobs, the US Dollar moved higher against the Japanese Yen and approached a 2-week peak. FX traders will keep a close eye on today’s release of NFP figures; analysts anticipate that job growth will have […]

The Chinese government’s pledge to ensure that the economy remains stable in the fall out of the Coronavirus outbreak there has helped to push the Aussie Dollar higher for the fourth consecutive day. Beijing has said that US import tariffs would be lowered, some by half, and the government will […]

German factory orders fell unexpectedly signaling that the recession that made the economic growth to hit its lowest level since 2013 is far from over. According to data released by the German Economy Ministry, manufacturing orders fell by 0.5 percent in the third quarter of 2019. In December, they fell […]

The Chinese government announced on Thursday that it will cut tariffs against more than 1700 US goods in half, in order to comply with what was agreed in “phase 1” of the trade deal. The Chinese finance ministry stated during an announcement that from February 14 tariffs will be cut […]

An unexpectedly improved reading of the UK’s January PMI for the services sector helped to boost the Pound Sterling during London trading on Wednesday. Earlier today, Markit reported a reading of 53.9 against analysts’ expectations of a flat reading of 52.9. Yesterday, Markit had reported an upbeat PMI for the […]

IHS Markit recently released its services and composite PMI data for the Eurozone. The data shows a firm but slower expansion in the Eurozone services sector, followed by an improving private sector activity. IHS Markit’s composite PMI for January was at 51.3 after being at 50.9 in December. This positive […]

A record 65 people died in China from the coronavirus on Tuesday, but that didn’t send traders flocking towards safe haven assets as they had in the earlier days of the virus. Instead, as reports surfaced that the virus is 99 percent contained within China’s borders, traders favored riskier assets, […]

Earlier today, upbeat data had helped to push the Pound higher, though analysts believe that it just a knee-jerk reaction. Markit reported that the UK’s January PMI for the construction sector was unexpectedly improved with a reading of 48.4 against an expected reading of 46.6; the previous reading was at […]