Looks like there will be harvests in September
Skerdian Meta • 1 min read
Goodmorning guys on this September morning. Officially the summer ended on Wednesday last week but some of the forex traders might have still been on their holidays until the end of the week. Today is September the 5th, so whoever wants to trade forex must be back from holidays by now.
Anyway, we have left behind the holiday season and the liquidity must return back to normal now. I just had a look at the economic calendar this morning and seems like September will bring some harvests for the leading world economies.
Finally, we´re having some good economic data from Japan, with wages by 1.4% on a yearly basis, against 0.5% expected. The previous numbers were revised higher as well. Hopefully, this is the start of the turnaround for the Japanese economy.
In Australia, the company operating profits jumped by 6.9% in the second quarter which is quite a big jump. Coming back to Europe, the Spanish and the Italian service sectors beat the expectations for August. This drifts them away from the flat line or even contraction. Is the ECB monetary policy finally starting to have an impact on the economy of the EU?