Source: EIA Commercial crude oil inventories in the United States posted a rebound as refinery inputs grew while imports declined. Inventories for the week ending January 21, 2022, grew by 2.4 million barrels to 416.2 million barrels. This is 8% lower than the moving five-year average.Weekly increases were recorded in inventories of motor gasoline, finished gasoline and … [Read more...] about US Crude Inventories Jump to 416.2 Million Barrels
Forex News
US New Home Sales Jump to Nine-Month High
Source: US Census Bureau New home sales in the United States climbed to a nine-month high in December 2021, as prices fell for the second straight month. XHB is up 1.67%. New home sales for the month stood at 811,000, up 11.9% from 725,000 in November but -14.0% lower than the 943,000 recorded in December 2020.The latest reading is the highest in nine months since new … [Read more...] about US New Home Sales Jump to Nine-Month High
US Trade Deficit Estimated to Have Increased by $2.9 Billion in December
Source: Census Bureau The US posted an international trade deficit of $101.0 billion in the last month of 2021, an increase of $2.9 billion from November. SPY is up +1.48%, DXY is up +0.16%. Goods exports improved by $2.2 billion in December to $157.3 billion, although imports increased by a higher $5.1 billion to $258.3 billion.Wholesale inventories ended the month at … [Read more...] about US Trade Deficit Estimated to Have Increased by $2.9 Billion in December
GBPUSD Risks Further Losses Below 1.3500 As EURUSD Struggles Below 1.1300
USD dollar steadies ahead of the FED report.GBPUSD bounces back stalls.EURUSD is under pressure below 1.1300. The US dollar steadied near two and a half week highs against the majors, Wednesday morning, as traders turned their attention to a pivotal policy report from the Federal Reserve later in the day. The dollar index is closing in on the 96.00 handle after pulling back … [Read more...] about GBPUSD Risks Further Losses Below 1.3500 As EURUSD Struggles Below 1.1300
North American Semi Equipment Billings Jumped 46% YOY in December
Source: SEMI The North American-based semiconductor manufacturers reported $3.92 billings worldwide in December, increasing 46.1% YOY. SMH up +2.31%, Pre-market trading The December’s billings future is 0.% lower than the final November 2021 billings of $3.93 billion and 46.1% higher than December 2020 billings of $2.68 billion.Ajit Manocha, SEMI president and CEO stated … [Read more...] about North American Semi Equipment Billings Jumped 46% YOY in December
