Source: IHS Markit U.S. private sector companies recorded an extra increase in business activity during July as the growth rate eased for the second consecutive month. EUR USD dips -0.07%, DJI up 0.43%. The IHS Markit PMI Output Index adjusted for seasonal factors was 59.7 in July, down from 63.7 in June. The growth rate was the slowest in the four … [Read more...] about PMI Shows a Sharp Expansion in US Private Sector Activity
Natural Gas Prices Are The Highest Since December 2018
Source: Bloomberg Natural gas for delivery in August surged to the highest level in 31 months, driven by supply concerns that could come in the remaining months of 2021. UNG is down 0.22%, while KOLD is up 0.28% premarket. Natural gas futures for delivery in August climbed to $4 per million British thermal units. This is the highest in 31 months since December 2018.Global … [Read more...] about Natural Gas Prices Are The Highest Since December 2018
UK Retail Sales Increase by 0.5% Backed by the Euro 2020 Spending
Source: Office for National Statistics. Retail sales in the UK staged a slight recovery in June, rising 0.5% from the previous month when sales dropped 1.4%, following a surge in people going out as pubs, bars, and restaurants reopened. FTSE 100 Index gains +0.76%. Sales were boosted by a 4.2% increase at food stores as people purchased more food and drink during the … [Read more...] about UK Retail Sales Increase by 0.5% Backed by the Euro 2020 Spending
The Carry Trade in Forex Explained
All forex traders are interested in as many methods of making profits with the lowest risk possible. Discussions of new and relatively unknown strategies are constantly hot topics. One strategy that may not be popular in forex with the masses is the carry trade. The carry trade is a long-term type of speculating in forex involving some decent knowledge of the interest and … [Read more...] about The Carry Trade in Forex Explained
Sales of Previously Owned Homes Increases by 1.4% After 4-Straight Months of Declines
Source: National Association of Realtors. Sales of existing homes increased by 1.4% in June month-to-month after four straight months of declines to a seasonally adjusted annualized rate of 5.86 million units. EURUSD down -0.20%, DJI dips -0.19%. Sales were 22.9% higher compared with June 2020. The annual comparison is still slightly skewed towards pandemic restrictions … [Read more...] about Sales of Previously Owned Homes Increases by 1.4% After 4-Straight Months of Declines
