Source: Census Bureau The US posted an international trade deficit of $101.0 billion in the last month of 2021, an increase of $2.9 billion from November. SPY is up +1.48%, DXY is up +0.16%. Goods exports improved by $2.2 billion in December to $157.3 billion, although imports increased by a higher $5.1 billion to $258.3 billion.Wholesale inventories ended the month at … [Read more...] about US Trade Deficit Estimated to Have Increased by $2.9 Billion in December
Forex News
GBPUSD Risks Further Losses Below 1.3500 As EURUSD Struggles Below 1.1300
USD dollar steadies ahead of the FED report.GBPUSD bounces back stalls.EURUSD is under pressure below 1.1300. The US dollar steadied near two and a half week highs against the majors, Wednesday morning, as traders turned their attention to a pivotal policy report from the Federal Reserve later in the day. The dollar index is closing in on the 96.00 handle after pulling back … [Read more...] about GBPUSD Risks Further Losses Below 1.3500 As EURUSD Struggles Below 1.1300
North American Semi Equipment Billings Jumped 46% YOY in December
Source: SEMI The North American-based semiconductor manufacturers reported $3.92 billings worldwide in December, increasing 46.1% YOY. SMH up +2.31%, Pre-market trading The December’s billings future is 0.% lower than the final November 2021 billings of $3.93 billion and 46.1% higher than December 2020 billings of $2.68 billion.Ajit Manocha, SEMI president and CEO stated … [Read more...] about North American Semi Equipment Billings Jumped 46% YOY in December
US Home Prices Register an 18.8% Gain in November
Source: S&P Dow Jones Indices US national home prices covering its nine census regions rose by an annual rate of 18.8% in November, lower than 19.0% posted the previous month. SPY is down -2.23%, DXY is up +0.36%. The 10-City Composite posted a 16.8% annual gain in house prices, below the 17.2% increase in October.The 20-City Composite house price gains cooled to an … [Read more...] about US Home Prices Register an 18.8% Gain in November
Fifth District Manufacturing Activity Halved in January
Source: Richmond Fed Manufacturing activity in the fifth district was halved in January from the previous month, dragged by the declines in new orders and employment. The composite index fell to 8 in January, down from 16 in December and the 11 recorded in November.Drops were seen in new orders, the backlog of orders, capacity utilization, local business conditions, … [Read more...] about Fifth District Manufacturing Activity Halved in January
