Source: Bureau of Economic Analysis A higher compensation in a recovering economy helped US personal incomes hit $26.1 billion in June, up 0.1% from May. DXY is up +0.20%, DJI is down -0.27%. Disposable personal incomes shed a little less than 0.1% to reach $2.6 billion. Personal consumption expenditures increased by 1.0% from May to $155.4 billion in June.Real DPI … [Read more...] about US Records a 0.1% Surge in Personal Incomes in June on Higher Compensation
Forex News
Unemployment Rate Down to 7.7% in Euro Area and 7.1% in EU
Source: Eurostat The euro area unemployment was 7.7% in June, a reduction compared to 8.0% reported in May, and 8.0% in the same time last year. DAX is down -0.75%, EURUSD is up +0.16%, FTSE 100 is down -0.88%. EU unemployment rate in June 2021 was 7.1%, down from 7.3% in May 2021 and 7.3% in June 2020. Eurostat estimated that in the EU, 14.916 men and women … [Read more...] about Unemployment Rate Down to 7.7% in Euro Area and 7.1% in EU
Euro Area Inflation Expected at 2.2% in July, Driven by an Uptick in Energy Prices
Source: Eurostat Annual inflation in the Euro area is expected to rise to 2.2% in July, up from 1.9% in June. DAX is down -0.81%, EURUSD is up +0.15% Energy is expected to lead with the largest rise in prices at 14.1% in July, higher than the 12.6% increase in June. Food, alcohol, and tobacco are expected to register a 1.6% jump in inflation, up from a 0.5% … [Read more...] about Euro Area Inflation Expected at 2.2% in July, Driven by an Uptick in Energy Prices
U.S. Senate Advances Infrastructure Bill As Democrats Push A Bullish Economic Agenda
The U.S. The Senate voted to progress an infrastructure bill on Wednesday, a right step to the advancement of the Democrat's economic agenda. The vote puts up the bill for debate, which once through, will put $550 billion to transportation, broadband, and utilities.The proposed amount was reduced from $ 579 billion amidst disputes between the democrats and republicans … [Read more...] about U.S. Senate Advances Infrastructure Bill As Democrats Push A Bullish Economic Agenda
AUD Analysis: Glimpses of Strength, Although Seem Short-Lived
Rising Covid-19 cases leading to new economic restrictions in Australia.Uncertainties in trade relations with China to influence AUD.The US economy plays a meaningful but slightly lesser role in influencing AUDUSD prices. The Fed's reluctance and good Australian inflation data combine to strengthen AUD AUDUSD was trading at 0.74006 at 0937 GMT on Thursday, building from … [Read more...] about AUD Analysis: Glimpses of Strength, Although Seem Short-Lived
