Trial now
AUDUSD TECHS

Heavy!

BRAZIL

Precatorios Bill May Be Voted On This Thursday

FED

Chairman Powell

EURJPY TECHS

Resumes Its Downtrend

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Focus on inflation continues as the Eurozone PMI notes that "survey-record price increases were meanwhile reported as firms sought to pass an unprecedented rise in costs on to customers." Other highlights from the press release:
  • "Shortages were meanwhile once again seen as the key driver of higher prices for many goods and services in October, leading to a survey record increase in firms' input costs. An unprecedented input cost increase was recorded in manufacturing while service sector costs rose at the sharpest rate since September 2000."
  • "Selling price inflation likewise accelerated as firms passed higher costs on to customers, reaching the fastest in almost two decades of comparable survey history both in manufacturing and services."
  • "Future sentiment moderated for a fourth consecutive month to the lowest since February. Although the outlook brightened slightly in services, optimism in manufacturing hit the lowest for a year."