Source: Bureau of Economic Analysis Personal income in the United States fell flat in January as fewer social benefits were released by the government during the period. Personal income jumped by $9.0 billion, or less than 0.1% higher than in December when the level grew by 0.4%.Disposable personal income grew by $19.8 billion or 0.1%, marking the slowest growth in four … [Read more...] about US Opens 2022 With Flat Personal Income as Social Benefits Wane
Forex News
European Economic Sentiment Jumps; Employment Expectations Climb to Record-High
Source: Eurostat Economic sentiment in both the eurozone and the European Union rebounded in February, while employment expectations climbed to historic highs in February. EZU is up 1.70%, while VGK is up 1.31%. The Economic Sentiment Indicator in the eurozone jumped 1.2 points to 112.8 from 111.6, while the indicator for the European Union grew 1.3 points to 114.0.Both … [Read more...] about European Economic Sentiment Jumps; Employment Expectations Climb to Record-High
New Residential House Sales in the US Fall by 4.5% In January
Source: Census Bureau The US posted 801,000 sales of new single-family houses in January, on an annual basis, 4.5% below the December rate. SPY us down -1.46%, DXY is up +1.38%. The house sales are now 19.3% below January 2021.The median sales price of the houses sold in January was at $423,300, while the average price reached $496,900.At the end of January, the … [Read more...] about New Residential House Sales in the US Fall by 4.5% In January
US GDP Jumps by 7.0% In the Fourth Quarter, the Same as Expected
Source: Bureau of Economic Analysis The US posted an annual 7.0% increase in the gross domestic product in the fourth quarter of 2021, meeting estimates. The increase was higher than a gain of 2.3% in the third quarter. SPY is down -2.51% on premarket, DXY is up +1.16%. The rise in real GDP reflected gains in exports, private inventory investment, PCE, and … [Read more...] about US GDP Jumps by 7.0% In the Fourth Quarter, the Same as Expected
US Unemployment Claims Make Biggest Drop in Three Weeks
Source: US Labor Department Jobless claims in the United States declined in the third week of February, marking the steepest drop in three weeks. DXY is up 1.08%, while Gold is up 2.62%. Seasonally adjusted initial claims for the week ending February 19 stood at 232,000, reflecting a 17,000 drop from the previous week’s upward revised level of 249,000.The latest decline … [Read more...] about US Unemployment Claims Make Biggest Drop in Three Weeks
