Forex Top Story


preview oct16 01dec22 House prices from the UK and final factory Purchasing Managers' survey results from the UK and other major euro area economies are the top economic news due on Thursday. At 2.00 am ET, UK Nationwide house price data is due. House price inflation is seen easing to 5.8 percent in November from 7.2 percent in October.

chinamanufacturing july01 01dec22 China's manufacturing sector continued to contract in November due to the sustained reductions in output and sales, a closely watched survey showed on Thursday. The Caixin manufacturing Purchasing Managers' Index rose moderately to 49.4 in November from 49.2 in October, data published by S&P Global revealed.

bankofkorea july18 25aug22 South Korea's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2022, the Bank of Korea said in Thursday's final reading - in line with expectations following the 0.7 percent growth in the three months prior. On an annualized basis, GDP climbed 4.1...

The U.S. dollar shed ground against its major counterparts on Wednesday, weighed down by some weak economic data, and Fed Chair Jerome Powell's comments that the central bank might scale back the pace of its interest rate hikes as soon as December.

eccles building 112918 30nov22 After previously describing U.S. economic growth as modest, the Federal Reserve's latest Beige Book said economic activity has been "about flat or up slightly" since mid-October.

jerome powell 112818 30nov22 Remarks by Federal Reserve Chair Jerome Powell on Wednesday provided further evidence the central bank plans to slow its aggressive pace of interest rate hikes as soon as next month. Powell noted during a speech at a hybrid Brookings Institution event that the full effects of the Fed's rapid rate increases have yet to be felt.

pending home sales 113022 Pending home sales in the U.S. decreased for the fifth consecutive month in October, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index tumbled by 4.6 percent to 77.1 in October after plunging by 8.7 percent to a revised reading of 80.8 in September.

us chicago pmi 113022 MNI Indicators released a report on Wednesday showing Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of November. The report showed the Chicago business barometer tumbled to 37.2 in November from 45.2 in October, with a reading below 50 indicating a contraction.

summitfordemocracy nove30 The United States will co-host the second Summit for Democracy during March 29-30, 2023, with Costa Rica, the Netherlands, South Korea, and Zambia. This diverse group of co-hosts underscores the universal desire for accountable, transparent, and rights-respecting governance. Building on the first Summit for Democracy held in December 2021, this gathering will demonstrate how democracies deliver

es gdp 113022 Revised data released by the Commerce Department on Wednesday unexpectedly showed the U.S. economy grew by more than previously estimated in the third quarter. The report said real gross domestic product spiked by 2.9 percent in the third quarter compared to the previously reported 2.6 percent surge. Economists had expected the pace of GDP growth to be unrevised.

adp 113022 Private sector job growth in the U.S. fell well short of economist estimates in the month of November, payroll processor ADP revealed in a report released on Wednesday. ADP said private sector employment increased by 127,000 jobs in November after surging by an unrevised 239,000 jobs in October. Economists had expected employment to jump by another 200,000 jobs.

germanyunemployment jan21 30nov22 Germany's unemployment increased more than expected in November as energy crisis and weaker demand dampened activity particularly in the manufacturing sector. The number of people out of work increased by 17,000, which was larger than economists' forecast of 13,000 and also October's rise of 9,000, data from the Federal Labor Agency revealed Wednesday.

eurozoneflag feb01 30nov22 Eurozone inflation moderated for the first since the middle of 2021 driven by a marked slowdown in energy price growth, however the European Central Bank is expected to deliver another interest rate hike next month given the sticky core inflation. Inflation slowed more-than-expected to 10.0 percent in November from 10.6 percent in October, flash estimate from Eurostat showed Wednesday. Inflation

thailand aug19 30nov22 Thailand's central bank raised its interest rate by a quarter point as inflation is set to remain high on domestic energy prices. The Monetary Policy Committee of the Bank of Thailand unanimously decided to raise the policy rate by 0.25 percentage point to 1.25 percent, with immediate effect. This was the third rate hike this year after a 25 basis point increase in September and August.

preview oct22 30nov22 Unemployment from Germany and flash inflation from the euro area are the top economic news due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis publishes Germany's unemployment figures for October. At 2.45 am ET, France's statistical office INSEE is scheduled to release flash consumer prices and detailed quarterly national accounts.

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