Tesla’s Musk and Twitter’s Dorsey warn over rising inflationary pressures
Amid growing concerns over elevated inflation and its impact on the post-pandemic economic recovery, the
EUR/USD struggles for direction, sidelined around mid-1.1600s
A subdued USD price action assisted EUR/USD to gain some intraday traction on Monday. Elevated
US: Dallas Fed Manufacturing Index improves to 14.6 in October vs. 6.8 expected
Dallas Fed Manufacturing Index rose more than expected in October. US Dollar Index stays in
US: Chicago Fed National Activity Index drops to -0.13 in September from 0.05
Chicago Fed's National Activity Index fell into the negative territory in September. US Dollar Index
China’s economy to expand 5.2% in 2022 vs. 5.6% previous estimate – Goldman Sachs
Analysts at Goldman Sachs slash China’s 2022 GDP growth forecasts to 5.2% vs. 5.6% projected
Canada: Retail Sales rise by 2.1% in August vs. 2% expected
Retail Sales in Canada rose more than expected in August. USD/CAD stays in the negative
US: Markit Services PMI improves to 58.2 in October vs. 55.1 expected
Markit Services PMI and Composite PMI surpassed expectations in October. US Dollar Index continues to
UK Retail Sales unexpectedly drop by 0.2% MoM in September vs. 0.5% expected
The UK Retail Sales came in at -0.2% MoM in September, a big miss. Core
Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October
Eurozone Manufacturing PMI arrives at 58.5 in October vs. 57.0 expected. Bloc’s Services PMI drops
German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected
German Manufacturing PMI arrives at 58.2 in October vs. 56.5 expected. Services PMI in Germany