Source: Bureau of Economic Analysis The United States’ trade deficit widened by double digits in November, as imports grew at a faster rate than exports during the period. The trade deficit grew by 19.4% or $13.0 billion to $80.2 billion from the revised $67.2 billion recorded in October.The latest reading reflected a $15.1 billion increase in the goods deficit to $99.0 … [Read more...] about US Trade Deficit Widens by Nearly 20% to $80 Billion in November
Forex News
US Jobless Claims Rebound in Last Week of 2021
Source: US Labor Department US unemployment claims rebounded in the last week of 2020, following the decline seen in the week before Christmas. DXY is down 0.10%, while Gold is down 0.92%. Seasonally adjusted initial claims for the week ending January 1 stood at 207,000, marking a 7,000 increase from the previous week’s revised level of 200,000.The four-week moving … [Read more...] about US Jobless Claims Rebound in Last Week of 2021
UK Services Dives to 10-Month Low on Omicron Concerns
Source: IHS Markit The United Kingdom’s services sector fell to a 10-month low in December, weighed down by the impact of the Omicron variant. EWU is up 0.21% premarket. The IHS Markit/CIPS UK Services PMI plunged to 53.6 in December from 58.5 in November. This is the lowest rate recorded since February.The drop came amid the weaker performance of travel, leisure, and … [Read more...] about UK Services Dives to 10-Month Low on Omicron Concerns
Eurozone Construction Activity Closes 2021 With Slower Growth
Source: IHS Markit Construction activity growth in the Eurozone closed 2021 with a slight decline, as civil engineering projects weakened for the 29th straight month. EZU is up 0.08% premarket. The IHS Markit Eurozone Construction Total Activity Index fell to 52.9 in December from 53.3 in November.The latest reading extended the sector’s expansion to the third straight … [Read more...] about Eurozone Construction Activity Closes 2021 With Slower Growth
Producer Prices Eased to 2.0% Gain in the EU in Nov., 1.8% in the Euro Area
Source: Eurostat Industrial producer prices increased by 2.0% in the EU in November from October, surpassing a gain of 1.8% in the euro area. DAX is down -1.24%, EURUSD is up +0.03%. The increase in producer prices in November is slower compared to a gain of 5.4% in the euro area and 5.0% in the EU in the previous month.In the euro area, producer prices rose by a … [Read more...] about Producer Prices Eased to 2.0% Gain in the EU in Nov., 1.8% in the Euro Area
