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USD - Major events in the week ahead

Events that marked the week:  On Wednesday Crude Oil Inventories data was published. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels from the previous week. At 457.1 millionbarrels, U.S. crude oil…

U.S. Consumer Sentiment Unexpectedly Drops Amid Price Concerns

Consumer sentiment in U.S. unexpectedly fell by the most in a year amid expectations that inflation and interest rates will rise, according to a University of Michigan report Friday. Sentiment index dropped to 97.8 (est. 100.8) from 100.7. Current conditions…

UK Industrial Production increased by 0.7%

In the three months to September 2017, the Index of Production was estimated to have increased by 1.1% compared with the three months to June 2017, due mainly to a rise of 1.1% in manufacturing. The largest contribution to the…

French Industrial Production rose by 0.6%

In September 2017, output bounced back slightly in the manufacturing industry (+0.4% after −0.3% in August) and in the whole industry (+0.6% after −0.2%). Over the third quarter of 2017, output increased in the manufacturing industry (+0.6%) as well as…

The RBA has dialled back its inflation forecasts

The Reserve Bank of Australia (RBA) has just released its latest quarterly Statement on Monetary Policy (SoMP), including updated projections on GDP growth, inflation and unemployment over the next few years. The most noticeable tweak involves the bank’s underlying inflation…

Unemployment Claims rose to 239,000

In the week ending November 4, the advance figure for seasonally adjusted initial claims was 239,000, an increase of 10,000 from the previous week's unrevised level of 229,000. The 4-week moving average was 231,250, a decrease of 1,250 from the…

German Trade Balance surplus at 21.8 billion euros

Germany exported goods to the value of 110.4 billion euros and imported goods to the value of 86.3 billion euros in September 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 4.6%…

China's CPI increased by 1.9%

China’s consumer inflation rate accelerated to 1.9 percent in October from a year earlier, beating market expectations, the National Bureau of Statistics (NBS) said on Thursday. The consumer price index (CPI) had been expected to rise 1.8 percent on-year compared…

The UK housing market is 'stuttering'

The UK housing market continued to "stutter" in October with demand from buyers and agreed sales declining further, while price falls are now widely-reported in London, according to RICS' monthly UK residential market survey. The survey of chartered surveyors found…

Crude Oil Inventories increased by 2.2 million barrels

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels from the previous week. At 457.1 millionbarrels, U.S. crude oil inventories are in the upper half of the average range for this timeof…

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