The United States narrowed its international trade deficit in March, as exports increased while imports declined during the period. Source: US Census Bureau QQQ is up 1.96%, while SPY is up 1.44%. The advance international trade deficit stood at $105.9 billion in April, lower than the $125.9-billion deficit in the previous month. Exports of goods increased by … [Read more...] about US Narrows International Trade Deficit in March
Forex News
US Trade Deficit Narrow by $20B to Below-Estimate Levels in April
Source: Census Bureau The US recorded a trade deficit of $105.9 billion in April, a decline of $20.0 billion from March, and below estimates of a $114.9 billion shortfall. SPY is up +1.30%, DXY is down -0.14%. The narrower trade deficit in April reflected a monthly decline of $14.8 billion in imports which hit $279.9 billion. Exports increased by $5.2 billion to $173.9 … [Read more...] about US Trade Deficit Narrow by $20B to Below-Estimate Levels in April
US Personal Income Growth Slows for Second Straight Month
Source: Bureau of Economic Analysis Personal income in the United States continued to grow in April, albeit at a slower pace, driven mainly by higher compensation during the month. Personal income increased by $89.3 billion or 0.4%, following the 0.5% growth in March. This is the second straight month of slower growth.Disposable personal income grew $48.3 billion or 0.3%, … [Read more...] about US Personal Income Growth Slows for Second Straight Month
Chinese Industrial Profits Decline by Two-Year High
Source: National Bureau of Statistics of China Industrial profit groups in China recorded the biggest decline in two years in April, indicating the impact of the latest COVID-19 lockdowns on the economy and corporations. MCHI is down 0.22%, while BABA is down 2.70%. Chinese industrial profits fell by 8.5% in April, marking the biggest decline since March 2020 during the … [Read more...] about Chinese Industrial Profits Decline by Two-Year High
US Pending Home Sales Fall for Sixth Straight Decline
Pending home sales in the United States fell by 3.9% in April, marking the sixth straight month of declines. XHB is up 3.20%, and ITB is up 3.20%. Source: National Association of Realtors The Pending Home Sales Index stood at 99.3 in April, reflecting a 3.9% monthly decline and 9.1% annual decline. Only the Midwest posted monthly growth during the month at 100.7, … [Read more...] about US Pending Home Sales Fall for Sixth Straight Decline
