Source: US Census Bureau. New orders for manufactured goods in November increased by $8.4 billion to $531.8 billion. DXY down, -0.02%, EUR USD up +0.01% The increase follows a 1.2% October gain and the 18th rise in the last 19 months when the orders fell slightly last April.New orders for manufactured nondurable goods increased by 0.7% to reach $263.4 billion.Shipments … [Read more...] about US Factory Orders Grew by 1.6% in November
US Trade Deficit Widens by Nearly 20% to $80 Billion in November
Source: Bureau of Economic Analysis The United States’ trade deficit widened by double digits in November, as imports grew at a faster rate than exports during the period. The trade deficit grew by 19.4% or $13.0 billion to $80.2 billion from the revised $67.2 billion recorded in October.The latest reading reflected a $15.1 billion increase in the goods deficit to $99.0 … [Read more...] about US Trade Deficit Widens by Nearly 20% to $80 Billion in November
Average True Range Indicator in Forex Trading
The average true range (ATR) is a tool that is used to measure volatility, and it shows how much an asset's price fluctuates on average over a given period of time. As a confirmation tool for both entry and stop-loss orders, this indicator is useful for day traders. It is important to note that the ATR does not reflect the price trend of the market; rather, it concentrates … [Read more...] about Average True Range Indicator in Forex Trading
US Jobless Claims Rebound in Last Week of 2021
Source: US Labor Department US unemployment claims rebounded in the last week of 2020, following the decline seen in the week before Christmas. DXY is down 0.10%, while Gold is down 0.92%. Seasonally adjusted initial claims for the week ending January 1 stood at 207,000, marking a 7,000 increase from the previous week’s revised level of 200,000.The four-week moving … [Read more...] about US Jobless Claims Rebound in Last Week of 2021
UK Services Dives to 10-Month Low on Omicron Concerns
Source: IHS Markit The United Kingdom’s services sector fell to a 10-month low in December, weighed down by the impact of the Omicron variant. EWU is up 0.21% premarket. The IHS Markit/CIPS UK Services PMI plunged to 53.6 in December from 58.5 in November. This is the lowest rate recorded since February.The drop came amid the weaker performance of travel, leisure, and … [Read more...] about UK Services Dives to 10-Month Low on Omicron Concerns
