Source: European Central Bank Euro area posted a current account surplus of 23 billion euros in December 2021, below 24 billion euros recorded the previous month. DAX is down -0.14%, EURUSD is up +0.07%. Alt: Euro Area Current Account Balance Services surplus in December were recorded at 18 billion euros, while goods surplus was 11 billion euros. Primary income had a … [Read more...] about Euro Area Current Account Surplus Falls by 1B Euros in December
Forex News
UK Retail Sales Rebound on Automotive Fuel, Home Improvement Growth
Source: Office for National Statistics The United Kingdom saw a rebound in retail sales volumes in January, driven mainly by the growth in non-food stores and automotive fuel sales. VGK was down 0.77% after-hours. Volumes for the month increased by 1.9% in January, following the 4.0% drop recorded in the previous month.Volumes were 3.6% higher than the levels recorded in … [Read more...] about UK Retail Sales Rebound on Automotive Fuel, Home Improvement Growth
US Manufacturing Edges Lower in February, but Firms Remain Optimistic
Source: Federal Reserve Bank of Philadelphia The diffusion index gauging the current activity in US manufacturing fell 7 points to 16.0 in February, with 63% of firms reporting no change inactivity. SPY is down -1.23%, DXY is down -0.06%. Only 26% of firms reported gains in current activity in February, with about 10% pointing to declines.The new orders index fell 4 … [Read more...] about US Manufacturing Edges Lower in February, but Firms Remain Optimistic
US Housing Starts Fall 4.1% in January as Overall Permits Rise Slowly
Source: Census Bureau The US recorded a 4.1% slump in privately-owned housing starts which hit 1.638 million in January. SPY is down 0.64%, DXY is up +0.01%. Despite the drop, housing starts in January were still 0.8% higher than the same month of 2021.The decline in housing starts happens even as overall authorizations improved marginally by a monthly 0.7% to … [Read more...] about US Housing Starts Fall 4.1% in January as Overall Permits Rise Slowly
US Unemployment Claims Climb for First Time in Four Weeks
Source: US Labor Department American jobless claims increased by 23,000, marking the first increase in four weeks. DXY is up 0.08%, while Gold is up 1.40%. Seasonally adjusted initial claims for the week ending February 12 grew to 248,000 from the previous week’s upward revised level of 225,000.This is the first growth recorded in four weeks since unemployment claims grew … [Read more...] about US Unemployment Claims Climb for First Time in Four Weeks
