Forex News

Source: The Conference Board Consumer confidence in the United States eased in the first month of the year on the back of heightened concerns involving the COVID-19 Omicron variant. The Conference Board Consumer Confidence Index stood at 113.8 in January, down from 115.2 in December. This follows three straight months of growth.Consumers were less optimistic about … [Read more...] about US Consumer Confidence Slips in January

Source: ifo institute German business sentiment rebounded in January after contracting for three straight months, as supply chain issues eased during the month. EWG is flat premarket. The ifo Business Climate Index stood at 95.7 in January, up from 94.8 in December and 90.5 in January 2021.The assessment of the current situation slipped to 96.1, a level last seen since … [Read more...] about German Businesses Open 2022 With More Optimism

Source: Office for National Statistics The British government borrowed £16.8B to balance its books last month as the public finances felt the impact of rising inflation. FTSE 100 up +0.88%, GBP USD down -0.31% Rising tax receipts were partly offset by a rapid increase in interest payments of the £2trillion national debt, increased by the emergency measures to support the … [Read more...] about UK Government Borrows Nearly £17bn in December

Source: IHS Markit The United States welcomed 2022 with an 18-month low business output, dragged by weaker demand and issues brought about by the COVID-19 Omicron variant. XLI is up 0.40%. The IHS Markit Flash US Composite PMI Output Index stood at 50.8 in January, up from the 57.0 in December. This is the weakest performance since July 2020.Issues were recorded in both … [Read more...] about Omicron Drags US Output Growth to 18-Month Low

Source: IHS Markit The United Kingdom opened the year with an 11-month low business activity, as COVID-19 restrictions were reimplemented due to the Omicron variant. EWU is down 0.68% premarket. The IHS Markit/CIPS Flash UK Composite Output Index stood at 53.4, down from 53.6 in December. This is the lowest since the recovery started last spring.The decline was attributed … [Read more...] about UK Business Activity Falls to 11-Month Low