Source: The Federal Reserve US industrial production dropped 0.1% in December, coming weaker than the market estimate. DXY up +0.19%, EUR USD down -0.26% Industrial production, which measures the changes in the value of output, was projected to increase by 0.3% in December. Its increase in November was revised upwards to 0.7% from 0.5%.The Fed stated that the total … [Read more...] about US Industrial Production Fell by 0.1% in December on Lower Manufacturing Output
Forex News
US Retail Sales Edge 1.9% Lower in December, Worse than Feared 0.1% Decline
Source: Census Bureau US retail and food services sales for the last month of 2021 was $626.8 billion, down 1.9% from November and higher than expected fall of 0.1%. SPY is down -0.067%, DXY is up +0.09%. The fall in the retail sales was the worst in 10 months, with rising inflation and Omicron variant dampening activity.Despite the retail sales decline, they were … [Read more...] about US Retail Sales Edge 1.9% Lower in December, Worse than Feared 0.1% Decline
The COVID-19 Pandemic Threatens to Erase the Bridge Between Rich and Poor Nations
Source: WSJ The disparity between rich and poor countries has only been expanded by the COVID-19 pandemic, with less developed countries expected to take years to bounce back to their 2019 levels. Richer countries have already started to rebound due to their access to COVID-19 vaccines and government assistance for businesses and workers with the lockdowns.Meanwhile, … [Read more...] about The COVID-19 Pandemic Threatens to Erase the Bridge Between Rich and Poor Nations
China Is Reportedly Working With the US to Release Crude Stocks in Early February
Source: Reuters China is working with the US to release its national strategic oil reserves when the Lunar New Year holidays begin from February 1. CL1! is up +0.72% The move by China, in coordination with the US, aims to tame rising prices that have resulted from tight global supplies.The agreement, made in late 2021, will allow China to release higher stock files if oil … [Read more...] about China Is Reportedly Working With the US to Release Crude Stocks in Early February
European House Prices Surge by 9.2% in Q3 2021. Eurozone Prices Jump 8.8%
Source: Eurostat House prices across Europe increased by record levels in the last year, as euro area house prices rose by 8.8% in Q3 last year. Euro Stoxx 50 down -1.16%, EUR USD down -0.11% Data from Eurostat revealed that the cost of homes in European countries rose 8.8% in the third quarter of 2021 compared to the same period last year. The figure is the highest … [Read more...] about European House Prices Surge by 9.2% in Q3 2021. Eurozone Prices Jump 8.8%
