Here a follow-up of our contribution on Seeking Alpha written on August 15th, with the title “Are Markit PMIs really reliable?“. We recommended to go long the euro and the Swiss franc against the US dollar and sterling, because the Markit PMIs were not in line with trade balance data. Previously we suggested in … Continue...
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Tag Archive: U.K. Gross Domestic Product
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. A stronger than expected number should be taken as positive for the EUR and a lower than expected number as negative to the EUR.