Construction of new homes in the United States rose by 30.7% year-on-year in March, according to data released by the Census Bureau. Privately-owned housing starts were at 1.739 million from the 1.269 million in March 2020. This is also 19.4% above the revised February estimated of 1.457 million.Single-family housing starts gained 15.3% to 1.238 million from 1.074 million in … [Read more...] about U.S. Housing Starts Soar 30.7% In March
Forex News
The US Dollar Underperforms the Majors, the Russian Ruble Already Feeling the Impact of Sanctions From Washington
The United States has formally accused the SVR, a Russian foreign intelligence service, of the SolarWinds hack carried out early this year. Consequently, the US government is initiating a range of sanctions against targeted Russian businesses and individuals. Now, certain companies and debt with Russian ties are blacklisted from the US-led global financial ecosystem.As soon as … [Read more...] about The US Dollar Underperforms the Majors, the Russian Ruble Already Feeling the Impact of Sanctions From Washington
U.S. Retail Sales Posts Largest Monthly Gain In 10 Months
U.S. retail sales jumped 9.8% in March as federal-stimulus funds were released and the economy reopened further from pandemic-related restrictions, the WSJ reported. The increase was the largest monthly gain since May 2020, during the initial rebound from lockdowns early in the pandemic.Double-digit gains were recorded in sales at restaurants and bars, clothing; electronics; … [Read more...] about U.S. Retail Sales Posts Largest Monthly Gain In 10 Months
World’s Second-Largest Economy Likely To Have Grown Strongest In Nearly Three Decades
China's economy likely climbed at a record pace of 19% in the first quarter following the pandemic slump in 2020, according to a Reuters poll. The expected increase is according to the median forecasts of 47 economists polled. If realized, this will be the strongest since at least 1992, when official quarterly records started.The world's second-largest economy expanded by … [Read more...] about World’s Second-Largest Economy Likely To Have Grown Strongest In Nearly Three Decades
GBP/JPY: Japanese Yen Retracts With Extended Restrictions
Japan is likely to ease restrictions on May 5, 2021, as it struggles with the Olympics question. The UK is likely to increase exports to Japan in 2021. The GBP/JPY is below the 20-day EMA at 151.159. The GBP/JPY pair closed at a +0.05% change on April 13, 2021, from previous day trading. The pound was basking in positive industrial production data showing … [Read more...] about GBP/JPY: Japanese Yen Retracts With Extended Restrictions
