Market News | Merit Forex

Says Putin has no plans yet to talk to Saudi Arabia on OPEC+ deal

Industry has resisted the downtrend in the economy Export expectations have been dampened, are again slightly negative Q4 GDP to be slightly negative

1. German IFO Business Climate The German IFO Business Climate Index will be published today. The index based on a survey of manufacturers, builders, wholesalers and reta...

A surprise rise in the Markit PMIs and a notable rise in price pressures led to a sharp drop in gold that broke a key area of support.

USDJPY moves higher after Markit manufacturing data

Markit Nov US services PMI 57.7 vs 55.0 expected

Vaccine offers hope Burden of hardship fallen disproportionately on lowest paid, lower skilled workers Risk that anxiety leads to a gloom loop

Actual: 57.9 Expected: 56.5 Previous: 58.2

Comments by UK health secretary, Matt Hancock It would be very good news if the vaccine reduces transmission NHS is on standby to start delivering the vaccine n...

Risk appetite has improved on the back of coronavirus vaccine development news. However, German Chancellor Merkel said she is optimistic that next we can find a way out of coronavirus but at the mo...

US Treasury Secretary Mnuchin says the Treasury has over $800bln in outstanding capacity

MNUCHIN WANTS CONGRESS TO RE-APPROPRIATE MONEY

Comments from the Treasury Secretary: Markets should be very comfortable that we have plenty of firepowers left Congressional intent was that facilities should...

There is better progress and more movement on important files. Still problems with level playing field but there is progress on state aid. There is a break now because there was...

UK has not moved on three main Brexit issues Negotiations will continue

1. Canada Retail Sales The Canada Retail Sales are expected to come out at 0.2% m/m in September, while core retail sales are expected to ease to 0.2% from 0.5%. A lower...

Actual: 6.85M Forecast: 6.45M Previous: 6.57M

Actual: 26.3 Expected: 22.0 Previous: 32.3

Actual: 742K Expected: 707K Previous: 711K

One-Week Repo Rate Actual: 15.00% Forecast: 15.00% Previous: 10.25%

The market expects the Central Bank of Turkey to deliver a 475bp rate hike. The Turkish lira's reaction will depend on whether the CBT over-delivers versus market expectations.

1.Turkey Interest Rate Decision The Turkish lira rose versus the US Dollar since last week. The recent rally in the lira came after important changes in both the CBRT a...

Actual: 4.9% Previous: 1.9%

Actual: 0.0% Previous: 4.7%