Source: US Census Bureau New orders for American-made manufactured goods slipped to negative territory in September, after four consecutive months of growth. XLI is down 0.05% premarket. New orders for manufactured goods fell by $1.0 billion or 0.4% to $261.3 billion, following the 1.3% climb in August to $262.3 billion.Shipments climbed $1.1 billion or 0.4% to $257.0 … [Read more...] about Durable Goods Orders Slip to Negative Territory in September
Forex News
China Industrial Profits Expansion Heightens in Sept Despite Power Crunch and Cost Pressures
Source: National Bureau of Statistics Profits at China’s industrial firms expanded at a faster rate in September irrespective of surging prices and supply bottlenecks. CSI 300 Index down -1.31%, CNY USD down -0.16% Profits soared 16.3% on-year to reach $115.72 billion, rising higher than the 10.1% gain posted in August.The industrial sector has been hampered by the rising … [Read more...] about China Industrial Profits Expansion Heightens in Sept Despite Power Crunch and Cost Pressures
Forex Market Outlook: GBPUSD Under Pressure Below 1.3800 as USDJPY Rally Persists
US dollar on the front foot ahead of GDP.GBPUSD retreats from one-month highs.USDJPY upward momentum gathers steam. The US dollar remains on the front foot after two days of gains against the majors. The dollar strength remains well supported by rising treasury yields ahead of the release of key economic data and next week’s pivotal Federal Reserve meeting. The dollar … [Read more...] about Forex Market Outlook: GBPUSD Under Pressure Below 1.3800 as USDJPY Rally Persists
Consumer Confidence Rebounds as Delta Concerns Ease
Source: The Conference Board Consumer confidence rebounded in October after three straight months of decline amid the easing of cases brought about by the COVID-19 delta variant. The Conference Board Consumer Confidence Index jumped to 113.8 in October from 109.8 in September.The Present Situation Index climbed to 147.4 from 144.3, while the Expectations Index grew to … [Read more...] about Consumer Confidence Rebounds as Delta Concerns Ease
US Home Sales Hit Six-Month High in September
Source: US Census Bureau Sales of new privately-owned houses hit a six-month high in September, as the prices remained, even as prices were slightly up for the period. XHB is flat, while HOMZ is down 0.38%. Sales of new single-family houses stood at a seasonally adjusted annual rate of 800,000, up from 702,000 in August but lower than 971,000 last year.The latest reading … [Read more...] about US Home Sales Hit Six-Month High in September
