Source: Office for National Statistics Great Britain retail sales declined by an 11-month high in December 2021, dragged mainly by the drop in non-food stores during the month. EWU is down 0.64%. Retail sales volumes for the month dropped by 3.7%, following the 1.0% growth in November and the 3.7% expansion in October.The latest figure reflects the steepest drop since … [Read more...] about Great Britain Sales Close 2021 With Biggest Drop in 11 Months
Existing Home Fall by 4.6% in Dec. But Close the Year in a 15-Year Record
Source: NAR The US posted a 4.6% decline in existing home sales in December which hit an annualized rate of 6.18 million, with the fall connected to supply chain issues. DXY is down -0.08%, SPY is up +1.19%. On a year-over-year basis, existing-home sales fell by 7.1% from an annualized rate of 6.65 million in the prior year.Despite the December decline, existing-home … [Read more...] about Existing Home Fall by 4.6% in Dec. But Close the Year in a 15-Year Record
US Manufacturing Improves Modestly in Jan. After Dec. Slump
Source: Federal Reserve Bank Philadelphia The diffusion index gauging the current general activity in the US rose by 8 points to 23.2 in January, recovering modestly from a decline of 24 points the previous month. SPY is up +0.76%, DXY is down -0.08%. Up to 31% of firms had increases in current activity in January, while 7% reported declines. 60% of firms posted no … [Read more...] about US Manufacturing Improves Modestly in Jan. After Dec. Slump
US Jobless Claims Climb for Third Straight Week
Source: US Labor Department Unemployment claims in the United States grew by 55,000 to mark the third straight week of growth. DXY is down 0.06%, while Gold is up 0.31%. Seasonally adjusted initial claims for the week ending January 15 stood at 286,000, up from the previous week’s upward revised level of 231,000.The four-week moving average increased by 20,000 to 231,000 … [Read more...] about US Jobless Claims Climb for Third Straight Week
GBPUSD Prediction Ahead of UK Retail Sales Data
The GBPUSD pair held steady on Thursday morning as investors cheered the UK reopening plans and the latest strong economic data. It is trading at 1.3625, which was a few points above this week’s low of 1.3572. UK reopening plans In November last year, the Boris Johnson administration announced new measures to curb the spread of Omicron. The measures, known as Plan B had … [Read more...] about GBPUSD Prediction Ahead of UK Retail Sales Data
