Source: Census Bureau The global trade deficits in the US rose by $3.0 billion to reach $91.2 billion in June, from $88.2 billion in May. SPY is down -0.0068%, DXY is up +0.22%. Goods exports rose by $0.5 billion to $145.5 billion in June from May while imports were $236.7 billion, up by $3.5 billion from May. Wholesale inventories surged 0.8% to $715.0 billion in … [Read more...] about US Trade Deficit Widens by $3.0 Billion in June
Forex News
AUDJPY Analysis: Aussie Inches Lower As IMF Lowers Japan’s Growth Forecast
Australia’s CPI surged 0.8% in Q2 2021, while annual inflation into the quarter increased by 3.8% (YoY). Japan’s leading indicator index inched 1.16% down to 102.6 from an annual high of 103.8 attained in April 2021. Sydney has extended its lockdown by four weeks, further hurting the Australian dollar. The AUDJPY pair lost 0.79% as of 3:33 pm GMT on July 27, … [Read more...] about AUDJPY Analysis: Aussie Inches Lower As IMF Lowers Japan’s Growth Forecast
USDCAD Analysis: US Dollar Recedes Ahead of FOMC Meeting
New home sales for June 2021 in the US fell 6.6% to 676,000 failings to beat consensus estimates at 3.5%. The surge in the Delta variant saw the US prepare to purchase an additional 200 million Pfizer & BioNTech doses meant for children below 12 years. May 2021 saw Canada’s retail sales dip 2.1% (MoM) at 53.8 billion as the third Covid-19 wave continued to force … [Read more...] about USDCAD Analysis: US Dollar Recedes Ahead of FOMC Meeting
Durable Goods Orders Disappoint Estimates to Post 0.8% Growth in June
Source: Census Bureau New orders of durable goods in the US rose by 0.8% in June to $257.6 billion, a slower growth compared to 3.2% in May, and below expected 2.1% jump. SPY is down -0.47%, DXY is down -0.08% New orders rose by 0.3%, excluding transportation, and 1.0% without defense.Transportation equipment, rose for the second month, with a gain of 2.1% to … [Read more...] about Durable Goods Orders Disappoint Estimates to Post 0.8% Growth in June
Sales of New Single-Family Houses Plummets by 6.6% as Costs Weigh on Activity
Source: Census Bureau Sales of new single-family houses in June fell by 6.6% to hit 676,000, a 14-month low as expensive building materials curtailed construction activity. SPDR Homebuilders ETF is down -0.19%. Housing sales in June were below May’s rate of 724,000 and down 19.4% the estimate for June 2020.Median sales price of new houses for the month of June … [Read more...] about Sales of New Single-Family Houses Plummets by 6.6% as Costs Weigh on Activity
