Source: Bureau of Economic Analysis The United States’s trade deficit widened by double-digits in September, as exports contracted while imports grew slightly during the month. The US international trade in goods and services deficit stood at $80.9 billion in September, up 11.2%.The latest reading includes an increase in the goods deficit of $8.9 billion to $98.2 billion, … [Read more...] about US Trade Deficit Widens To $80.9 Billion in September
Forex News
American Jobless Claims Hit Pandemic Low for Fourth Straight Week
Source: Department of Labor US unemployment claims continued to decline to hit the lowest level since the COVID-19 pandemic hit for the fourth straight week. DXY is up 0.51%, and Gold is up 1.53%. Seasonally adjusted initial claims for the week ending October 30 stood at 269,000, down 14,000 from the previous week’s revised level of 283,000.This is the lowest reading for … [Read more...] about American Jobless Claims Hit Pandemic Low for Fourth Straight Week
UK Car Sales Plunge to 30-Year Low in October
Source: Reuters New car sales in the United Kingdom slumped to a 30-year low in October as the sector was weighed down by the ongoing semiconductor shortage, industry figures revealed. EXV5 is up 0.88%. New car registrations were recorded at 106,265 vehicles in October, reflecting a 25% decline from the previous year.The latest figure is the lowest since 1991, marking the … [Read more...] about UK Car Sales Plunge to 30-Year Low in October
UK Constructions Expands for Ninth Straight Month in October
Source: IHS Markit Construction activity in the United Kingdom picked up in October, marking the ninth straight month of expansion. IUKP.L is up 2.55% The headline seasonally adjusted IHS Markit/CIPS UK Construction PMI Total Activity Index climbed to 54.6 in October from 52.6 in September.The index was driven mainly by house building with the index at 55.4, while … [Read more...] about UK Constructions Expands for Ninth Straight Month in October
Supply Constraints Drag Eurozone Growth to Six-Month Low in October
Source: IHS Markit Growth in the Eurozone slowed to a six-month low in October, weighed down by the ongoing supply constraints. EZU is down 0.43% premarket. The IHS Markit Eurozone PMI Composite Output Index slipped to 54.2 in October, down from 56.2 the previous month and the lowest in six months.The latest reading reflects the third straight month of deceleration, and … [Read more...] about Supply Constraints Drag Eurozone Growth to Six-Month Low in October
