Djeeeeee, look at that, USD is hitting back !
U.S. private sector business activity rose sharply in November, as growth momentum picked up further. The overall expansion was the fastest for over fiveand-a-half years, as both manufacturers and service providers indicated a steeper upturn in output. The month also saw a survey record rise in employment and an unprecedented increase in prices, the latter in part linked to a record incidence of supply chain delays. Adjusted for seasonal factors, the IHS Markit Flash U.S. Composite PMI Output Index posted 57.9 in November, up from 56.3 in October. The rate of growth was the sharpest since March 2015, as a
DislikedGood for short term USD gains. Global economy still in one of the worst recessions since WW2. Monetary injection is easing. Long term outlook: USD Down, Precious medals up. They're just manipulating beliefs through number right now.Ignored
As we can see in the H4 chart, after finishing the correctional uptrend at 50.0% fibo, XAUUSD has formed the descending impulse to test the low at 1848.67. One should also note ...
Konbanwa to all those in Japan – and good morning and afternoon to those joining from elsewhere! Let me start with a big thank you to President Gonokami and his colleagues at ...
tweet at 8:42am: **Trump Administration Considers New Alliance to Retaliate Against Chinese Economic Coercion--SourcesWhite House Weighs New Action Against Beijing Senior Trump administration officials say they are pushing for new hard-line measures against Beijing, even as President Trump winds down his final two months in office. The most ambitious effort would create an informal alliance of Western nations to jointly retaliate when China uses its trading power to coerce countries, administration officials say. They say the plan was sparked by Chinese economic pressure on Australia after that country called for an investigation into the origins of the Covid-19 pandemic. “China is trying to beat countries into submission by egregious economic coercion,” said one senior official. “The West needs to create a system of absorbing collectively the economic punishment from China’s coercive diplomacy and offset the cost.” Under the joint retaliation plan, when China boycotts imports, allied nations would agree to purchase the goods or provide compensation. Alternatively, the group could jointly agree to assess tariffs on China for the lost trade.
The promising outlook for the widespread use of a vaccine against the coronavirus next year could impact several areas such as global trade and inflation.
video Witness(es): Andrew Bailey, Governor, Bank of England; Andy Haldane, Chief Economist, Bank of England; Professor Silvana Tenreyro, External member of the Monetary Policy ...
tweet at 10:43am: Bank of England Monetary Policy Report forecast a contraction of 2% in Q4; Haldane comments suggest a fall of 5-6% after announcement of lockdown. #bankofengland #andyhaldane #ukeconomy tweet at 10:54am: BoE’s Haldane: Latest PMI Data Paint Positive Picture That Excess Gloom Is Lifting