US dollar strength persists.USDJPY is near five-year highs.USDCHF steadies amid dollar strength. Dollar strength remains the central theme in the Forex market, with market participants turning to the greenback amid the ongoing geopolitical tensions in Europe. The dollar has already strengthened to 22-month highs against the majors. While the Japanese yen and Swiss franc … [Read more...] about USDJPY and USDCHF Remain Bullish Amid Dollar Strength Awaiting US CPI Data
Forex News
UK House-Price Growth Hits 15-Year Record-High, £278,123
Source: Halifax UK house prices grew at the fastest annual rate since before the global financial crisis in 2007. FTSE 100 down -1.75%, GBP USD down -0.54% The mortgage lender Halifax stated that the average value of homes rose by 10.8% YoY for an 8th consecutive month to a record £278,123 in February.Halifax cautioned that growth might slow in the upcoming months, with … [Read more...] about UK House-Price Growth Hits 15-Year Record-High, £278,123
China’s Exports Beats Estimates in Jan-Feb but Data Show Slowdowns
Source: National Bureau of Statistics China’s exports in the January to February period increased by 16.3%, beating estimates of a 15.0% rise. The exports were below a gain of 20.9% in December. CSI 300 is down -3.19%, USDCNY is up +0.02%. China’s imports rose by 15.5% in the first two months of the year, below a gain of 19.5% in December, missing the expected 16.5% … [Read more...] about China’s Exports Beats Estimates in Jan-Feb but Data Show Slowdowns
US Wholesale Inventories Rise by 0.8% in January
Source: Census Bureau The US recorded total inventories of merchant wholesalers of $799.9 billion in January, up by 0.8% from the previous month. SPY is down -0.73%, DXY is down -0.12%. Compared to January 2021, the total inventories were up by 18.1%.The gain happens slower compared to sales of merchant wholesalers, which ticked higher by 4.0% in January from December to … [Read more...] about US Wholesale Inventories Rise by 0.8% in January
US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
Source: Bureau of Economic Analysis The US goods and services deficit was posted at a record $89.7 billion in January, up by $7.7 billion from December. SPY is down -0.037%, DXY is down -0.28%. The rise in trade deficit reflected a 1.2% gain in imports, which reached $314.1 billion against a 1.7% decline in exports which hit $224.4 billion.The January trade balance … [Read more...] about US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
