Source: Bureau of Economic Analysis The current account deficit gauging the trade balances on goods and services and income flows in the US closed the fourth quarter of 2021 at $217.9 billion, down 0.9% or $2.0 billion. SPY is up +0.53%, DXY is up +0.28%. Following the decline in trade deficit, the balances are now 3.6% of the gross domestic product in current-dollar … [Read more...] about US Trade Deficit Fell by $2.0 Billion in the Fourth Quarter of 2021
Forex News
US-Made Goods Orders Climb for Ninth Straight Month in January
Source: US Census Bureau New orders for US-made manufactured goods grew at a faster pace in January, marking the ninth straight month of expansion. QQQ is up 0.56%. New orders increased by $7.6 billion or 1.4% to $544 billion from $536.7 billion in the previous month. Durable goods climbed 1.6% to $277.6 billion, transportation up 3.4% to $87.7 billion, and … [Read more...] about US-Made Goods Orders Climb for Ninth Straight Month in January
US Jobless Claims Plunge to 52-Year Low
Source: US Department of Labor Unemployment claims in the United States declined for the second straight week to the lowest level in 52 years. DXY is up 0.24%, while Gold is up 0.24%. Initial claims for the week ending March 19 fell by 28,000 to 187,000 from the previous week’s upward revised 215,000.the latest reading is the lowest for initial claims since the level … [Read more...] about US Jobless Claims Plunge to 52-Year Low
UK Private Sector Production Drops in March
Source: Markit Economics The United Kingdom’s business output slipped in March, as prices charged grew by a record high while optimism fell to the lowest level in 17 months. EWU is up 0.48%. The Flash UK PMI Composite Output Index stood at 59.7, lower than February’s eight-month high of 59.9.The services indicator climbed to a nine-month high of 61.0 from 60.5 the … [Read more...] about UK Private Sector Production Drops in March
Eurozone Business Output Slips to Two-Month Low
Source: Markit Economics The eurozone business output slowed to a two-month low in March, dragged by the ongoing conflict between Russia and Ukraine. EZU and VGK are both down 0.02% premarket. The headline S&P Global Eurozone PMI fell to 54.5 from 55.5, indicating a loss of economic momentum from the five-month high in the previous month.Firms recorded resurgent … [Read more...] about Eurozone Business Output Slips to Two-Month Low
