Forex News

Source: ECB The current account surplus in the euro area was 337 billion euros in the second quarter of 2021, a 2.9% of GDP, up from 200 billion euros or 1.7% of GDP in the prior year. DAX is down -0.26%, EURUSD is up +0.30%. The increase in the euro area’s current account surplus reflected a shift of services balance from a negative value of 23 billion euros, to a … [Read more...] about Euro Area’s Current Account Surplus rises to 2.9% of GDP in the Second Quarter

The end of quantitative easing in the UK and an expected rise in interest rates are likely to boost the GBP.The UK economy is on a recovery path following an end to lockdowns and successful mass vaccination, but the energy crisis poses a big challenge.USD faces many challenges, with Evergrande still in the red, a debt ceiling crisis, and low jobs being key … [Read more...] about GBPUSD Price Outlook: The Pound’s on Course for Further Gains

Source: US Census Bureau Overall construction spending fell flat in August, as private construction posted a slight decline while public construction saw slight gains. XHB is up 0.28%, and PKB is up 0.50%. Total construction spending for the month stood at $1.584 trillion in August, unchanged from the revised July estimate, and 8.9% up from $1.455 trillion a year … [Read more...] about American Construction Spending Flat in August

Source: Institute for Supply Management The US manufacturing sector expanded in September to indicate the 16th straight month of expansion of the overall economy, as all of the biggest industries posted moderate to strong growth during the month. The Manufacturing PMI stood at 61.1% in September, up 1.2 percentage points from 59.9% in August.The increase comes as moderate … [Read more...] about US Manufacturing Expands 61.1% in September

Source: University of Michigan Consumer sentiment posted a rebound in September, but the latest figures still indicate depressed optimism. XLY is up 0.24%, while VCR is up 0.01%. The Index of Consumer Sentiment stood at 72.8 in September, up 3.6% from the 70.3 reading in August and 9.5% lower than the 80.4 recorded September last year.The Current Economic Conditions index … [Read more...] about Consumer Sentiment Posts Rebound in September