The market ignores Japan’s CPI and household spending data.NFP data misses the target, easing pressure on the yen.Rising US Treasury yields and Covid-19 restrictions in Japan add pressure to the yen. The US dollar lost steam in its upward rally against the yen on Friday, as the market reacted to weak US jobs data. The USD shed 0.20%of its value to trade at 115.612 at 1726 … [Read more...] about USDJPY Forecast: The Yen Survives Onslaught Following NFP Release
Forex News
US Service PMI Cools by 7.1% In December After Hitting a Record in November
Source: Institute for Supply Management US Services PMI was recorded at 62% in December, declining by 7.1 percentage points from an all-time high of 69.1% in November. DJI is down -0.19%, DXY is down -0.03%. The overall business activity index fell by 7 percentage points to 67.6%.New orders index edged lower by 8.2 percentage points to 61.5% after hitting an all-time high … [Read more...] about US Service PMI Cools by 7.1% In December After Hitting a Record in November
US Factory Orders Grew by 1.6% in November
Source: US Census Bureau. New orders for manufactured goods in November increased by $8.4 billion to $531.8 billion. DXY down, -0.02%, EUR USD up +0.01% The increase follows a 1.2% October gain and the 18th rise in the last 19 months when the orders fell slightly last April.New orders for manufactured nondurable goods increased by 0.7% to reach $263.4 billion.Shipments … [Read more...] about US Factory Orders Grew by 1.6% in November
US Trade Deficit Widens by Nearly 20% to $80 Billion in November
Source: Bureau of Economic Analysis The United States’ trade deficit widened by double digits in November, as imports grew at a faster rate than exports during the period. The trade deficit grew by 19.4% or $13.0 billion to $80.2 billion from the revised $67.2 billion recorded in October.The latest reading reflected a $15.1 billion increase in the goods deficit to $99.0 … [Read more...] about US Trade Deficit Widens by Nearly 20% to $80 Billion in November
US Jobless Claims Rebound in Last Week of 2021
Source: US Labor Department US unemployment claims rebounded in the last week of 2020, following the decline seen in the week before Christmas. DXY is down 0.10%, while Gold is down 0.92%. Seasonally adjusted initial claims for the week ending January 1 stood at 207,000, marking a 7,000 increase from the previous week’s revised level of 200,000.The four-week moving … [Read more...] about US Jobless Claims Rebound in Last Week of 2021
