Source: Eurostat The Eurozone balance of trade reversed into a deficit in November 2021, with imports outpacing exports during the month. EZU is up 0.06% premarket. The Eurozone recorded a €1.5-billion trade deficit in November, compared with a €25-billion surplus the same month in 2020. This is the first trade deficit recorded in seven years, since the deficit … [Read more...] about Eurozone Posts First Trade Deficit in Seven Years
Forex News
USDJPY Prediction: Pair Falls Below 114.0 as US Unemployment Rises
US unemployment rises, exerting more pressure on the dollar.December PPI falls below expectations as 2021 records the highest ever PPI.BoJ is reportedly considering an interest rate hike. The USDJPY pair was in the red on Friday, shedding 0.40% to trade at 113.719 at 06:47 GMT. The US dollar is facing headwinds, coming under pressure from an underperforming US … [Read more...] about USDJPY Prediction: Pair Falls Below 114.0 as US Unemployment Rises
UK GDP Surpasses Pre-Pandemic Level After a 0.9% Jump in November
Source: Office for National Statistics UK’s gross domestic product rose past the February 2020 levels by 0.7% after posting 0.9% gains in November, higher than an increase of 0.2% the previous month. FTSE 100 is down -0.12%, GBPUSD is up +0.12%. Construction output rose by 3.5% in November, while production and services saw a 1.0% and 0.7% increase, respectively. … [Read more...] about UK GDP Surpasses Pre-Pandemic Level After a 0.9% Jump in November
China’s Trade Surplus Rises to Annual Record of $676.43B as Exports Jump 30%
Source: National Bureau of Statistics of China China’s trade surplus surged to a record-high in 2021, as exports surpassed expectations during the global pandemic. CSI 300 Index down -0.82%, CNY USD up +0.22% The trade surplus reached $676.43 billion in 2021, the highest level since the records were created in 1950, an increase from $523.99 billion in 2020.China … [Read more...] about China’s Trade Surplus Rises to Annual Record of $676.43B as Exports Jump 30%
US Producer Prices Increase by a Lower 0.2% in Dec. to Close at a 12-Year High
Source: Bureau of Labor Statistics The US posted a 0.2% increase in producer prices in December, a lower gain compared to a jump of 1.0% in November. SPY is up +0.021%, DXY is down -0.30%. Despite the slower increase in producer prices, the final demand costs rose the highest in a calendar year since 2010 at 9.7% in 2021.Final demand services increased by 0.5% in December … [Read more...] about US Producer Prices Increase by a Lower 0.2% in Dec. to Close at a 12-Year High
