Source: Bureau of Economic Analysis The United States’ economic growth for the second quarter was revised higher, driven by upgrades to personal spending, exports, and private investment. DXY is down 0.10%. The real gross domestic product (GDP) was revised to 6.7%, reflecting an upward revision of 0.1 percentage points.Drivers include personal consumption expenditure, … [Read more...] about US Second-Quarter Economic Growth Upgraded Slightly to 6.7%
Forex News
European Unemployment Continues to Decline in August
Source: Eurostat Unemployment in both the European Union and the euro area posted a slight decline in August, extending the downtrend of jobless Europeans. The seasonally-adjusted unemployment rate in the Euro area stood at 7.5% in August, down from 7.6% in July 2021 and 8.6% in August 2020.The reading is equivalent to 12.162 million, down by 261,000 from July and 1.861 … [Read more...] about European Unemployment Continues to Decline in August
Bond Yields Can Only Go Up, Analysts Believe
Global sovereign bond yields can only go up as indicated by the recent surge in Treasury yields, according to a recent poll on analysts by Reuters. Most of the analysts polled believe that yields are only going higher, along with the widening of the gap between short and long-term maturities. The majority say this indicates a shift from the pandemic emergency policy by top … [Read more...] about Bond Yields Can Only Go Up, Analysts Believe
UK Second-Quarter GDP Revised Upward to 5.5%
Source: Office for National Statistics The United Kingdom’s economic growth in the second quarter was revised higher, driven mainly by the trade, hospitality, and education sectors. EWU is up 0.71% premarket. The gross domestic product (GDP) was revised to 5.5% from the earlier estimated of 4.8%The latest reading puts the GDP 3.3% below the pre-COVID-19 level at the … [Read more...] about UK Second-Quarter GDP Revised Upward to 5.5%
Strategists Argue the Only Trend for Global Bond Yields Is Upwards
Source: Reuters Global sovereign yields will only have risen modestly by this time next year, but bond strategists agree the only trend is up, and the gap between short and long-term maturities is poised to widen. DXY down -0.03%, EUR USD down -0.03% The recent quarterly poll results align with an uncertain increase in Treasury yields after a decisive change from the … [Read more...] about Strategists Argue the Only Trend for Global Bond Yields Is Upwards
