Dollar set for weekly loss; sterling weakens after GDP drop

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Dalian iron ore extends losing streak on Chinese steel export outlook Source link

Imagine navigating a dense fog. You can’t see far ahead, but you can still make informed decisions based on the faint outlines of landmarks and the direction of the wind. Similarly, probability meters in trading don’t predict the future with absolute certainty. Instead, they analyze historical data and technical indicators to estimate the likelihood of…

Prior was +3.3% Prices m/m -0.1% vs +0.3% expected (prior was +0.9%) PPI ex-food and energy +2.8% vs +3.5% expected (prior was +3.7%) ex-food and energy m/m -0.1% vs +0.3% expected (prior was +0.9%) Ex-food, energy and trade +2.8% y/y vs +2.8% prior Ex-food, energy and trade 0.3% m/m vs +0.6% prior Tomorrow the CPI…

The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference…