Financial News

Euro areas construction activity rises for second straight month in October, PMI index rises to 50.7

Construction activity in the euro area rose for the second straight month in October and grew at the most rapid pace in four months, owing to a return to growth of new orders.

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German industrial production falls in September, trend for months ahead continue to point downwards

German industrial production dropped 0.6 percent in September, as compared with prior month’s rise of 0.4 percent and consensus expectations of a fall of 0.4 percent. In the manufacturing sector, production dropped even stronger by 1.3 percent.

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Crypto Technicals: XRP/USD slumps over 9%, erases 2 weeks' gains

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.2781 (50-DMA); Resistance: 0.3242 (200-DMA)

Technical Analysis: Bias turning bearish

XRP/USD has slumped over 9% on the day to hit 2-week lows at 0.2745.

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U.S. Treasuries plunge ahead of weekly initial jobless claims, super-long 30-year auction

The U.S. Treasuries plunged during Thursday’s afternoon session ahead of the country’s weekly initial jobless claims and super-long 30-year auction, both scheduled for today at 13:30GMT and 18:00GMT.

Also, Federal Open Market Committee (FOMC) member Kaplan is due to deliver his speech today at 18:05GMT, for further direction into the debt market.

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Europe Roundup: Sterling consolidates near 1-week low ahead of BoE policy meeting outcome, euro rebounds on ECB's EZ growth forecast, gold tumbles as U.S.-China trade deal hopes revive- Thursday, November 7th, 2019

Market Roundup

  • Oil rebounds amid hopes for U.S.-China trade deal
  • Gold eases on positive trade deal news
  • German industrial output decline adds to recession fears
  • ECB sees modest but positive eurozone growth in second half
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