Source: Destatis Germany’s gross domestic product increased by 1.7% in the third quarter, lower than a gain of 2.0% in the previous quarter. DAX is up +0.40%, EURUSD is up +0.24%. The third quarter GDP was 2.5% higher than the comparable period of 2020. The GDP had increased by 10.4% in the second quarter from the prior year.The uptick in GDP was fueled by robust … [Read more...] about Germany’s GDP Surges by 1.7% in the Third Quarter of 2021
Forex News
US Consumers Less Upbeat as Confidence Falls to the Lowest in a Decade
Source: University of Michigan The Index of Consumer Sentiment in the US was 67.4 in November, a decline of 6.0% from the previous month, and 12.4% below last year. SPY is up +0.051%, DXY is up +0.39% The consumer sentiment reflected the lowest level of optimism in the past decade. Consumers’ optimism was dampened by worries over personal finances and the overall economy … [Read more...] about US Consumers Less Upbeat as Confidence Falls to the Lowest in a Decade
Sales of New Homes Rises by 0.4% in October
Source: Census Bureau US sales of new single-family houses increased by 0.4% in October to 745,000. The house sales were 23.1% below the October 2020 level. SPY is down 0.058%, DXY is up 0.44%. In October, the houses were sold at a median price of $407,700, with the average price at $477,800.About 389,000 new houses were estimated to be on sale at the end of October, … [Read more...] about Sales of New Homes Rises by 0.4% in October
US Weekly Jobless Claims Sank To 199,000, The Lowest Level in Over 50 Years
Source: US Department of Labor The number of Americans submitting initial unemployment claims dropped to 199,000, the lowest level in over 52 years last week. DXY up +0.41%, EUR USD down -0.45% New filings amounted to 199,000 when the claims totaled 197,000. The Labor Department report beats Dow Jones estimates of 260,000.The Labor Department did not mention any special … [Read more...] about US Weekly Jobless Claims Sank To 199,000, The Lowest Level in Over 50 Years
USDTRY Forecast as Turkish Lira Moves to Uncharted Territories
The Turkish lira is getting worthless by the day. The USDTRY pair jumped by as much as 15% on Tuesday. The same price action happened in other pairs like EURTRY and GBPTRY. This means that these three pairs have jumped by more than 40% this year. Turkish lira slump The Turkish lira has become one of the most worthless currencies in the emerging market. The pair slumped to … [Read more...] about USDTRY Forecast as Turkish Lira Moves to Uncharted Territories
