Forex Consulting

Bahrain wants a bailout

Bloomberg report – Bahrain is said to have asked gulf allies for financial support – Said to have asked Saudis, UAE and Kuwait for money – In turn, the gulf allies asked for fiscal reforms Bahrain seems to be caught up in the sanctions on nearby Qatar. They’ve imposed a visa requirement on Qataris. Copyright…

Forex Consulting

Canada Oct Markit manufacturing PMI 54.3 vs 55.0 prior

Manufacturing survey – Prior was 55.0 – Nine-month low – New orders 532 vs 54.9 prior – New export orders 49.8 vs 51.3 prior (one year low) – Employment 55.4 vs 54.4 prior Some of the shortfall was because of the hurricanes in the US but that dip in export orders suggests the stronger Canadian…