Source: Bureau of Economic Analysis The US posted a 6.9% annual growth in the real gross domestic product in the fourth quarter of 2021, beating an estimated 5.5% increase and third quarter’s expansion of 2.3%. SPY is up +0.84%, DXY is up +0.81%. The surge in GDP reflected a rise in exports, private inventory investment, and PCE. Small declines in residential fixed … [Read more...] about US GDP Grew by an Annual 6.9% in the Last Quarter of 2021
Forex News
New Orders for US-Made Goods Decline to $267 Billion in December
Source: US Census Bureau New orders for US-manufactured durable goods retreated in December, following two straight months of growth. New orders stood at $267.6 billion in December, down by $2.4 billion or 0.9% from the previous month. This follows the growth recorded in October and November.New orders for the month of November were revised to $270.1 billion, reflecting a … [Read more...] about New Orders for US-Made Goods Decline to $267 Billion in December
US Jobless Claims Drops for First Time in 2022
Source: US Labor Department American unemployment claims declined for the first time so far this year, following three straight weeks of increases. DXY is up 0.65%, while Gold is down 1.03%. Seasonally adjusted initial claims for the week ending January 22 stood at 260,000, down 30,000 from the previous week’s revised level of 290,000.The four-week moving average … [Read more...] about US Jobless Claims Drops for First Time in 2022
German Consumer Confidence Poised to Stabilize in February
Source: GfK German consumer confidence is likely to stabilize in February, indicating an improvement even amid the concerns over inflation. EWG is up 0.09%. The consumer sentiment is expected to decrease by -6.7 in February, up from -6.9 in January. This compares with -1.8 in December and -7.5 in January 2021.GfK Consumer Expert Rolf Bürkl said consumers are optimistic as … [Read more...] about German Consumer Confidence Poised to Stabilize in February
ECB Question Banks on Russia Exposure With Heightened Tensions
Source: FT The European Central Bank caution lenders with huge exposure to Russia to prepare themselves for international sanctions against the country if Putin invades Ukraine. Euro Stoxx 50 down -0.28%, EUR USD down -0.66% The warning from the EBC comes as the US cautioned that Russia would suffer “massive consequences” if it sent soldiers into Ukraine.Sanctions would … [Read more...] about ECB Question Banks on Russia Exposure With Heightened Tensions
