Source: Reuters Japan’s inflation was unchanged year-on-year in August, following 12 straight months of declines. EWJ is down 0.36% Inflation was unchanged, marking the first time that core prices escaped negative territory since July 2020.Higher energy costs were offset by lower mobile phone fees, while lodging prices surged 46.6% after a tourism campaign discount the … [Read more...] about Japan Inflation Flat in August, Snaps 12-Month Decline
Forex News
Japan Private Sector Contraction Continues in September, But Up from August
Source: IHS Markit Japan’s private sector activity continued to contract in September, even as the latest figures indicate an improvement from the previous month. EWJ is down 0.36% premarket. The Flash Composite index stood at 47.7 in September, below the 50.0 threshold that separates expansion and contraction. This compares with 45.5 in August.The Services Business … [Read more...] about Japan Private Sector Contraction Continues in September, But Up from August
US Business Cycle Index Climbs Higher in August
Source: The Conference Board The Conference Board Leading Economic Index, which measures US business cycles, expanded at a faster rate in August to extend the upward trajectory. The Leading Economic Index stood at 117.1, marking a 0.9% growth from 116.0 the previous month. This is faster than the 0.8% growth in July and 0.6% in June.The Coincident Economic Index jumped by … [Read more...] about US Business Cycle Index Climbs Higher in August
US Private Sector Slows to 12-Month Low as COVID Concerns Persist
Source: IHS Markit The growth of the US private sector continued to expand in September but cooled to the weakest pace in 12 months. The IHS Markit Flash US Composite PMI Output Index fell to 54.5 in September, down from 55.4 in August. This is the slowest growth since September 2020.Services slipped to 54.4 from 55.1 in the previous month, marking the lowest in 14 … [Read more...] about US Private Sector Slows to 12-Month Low as COVID Concerns Persist
US Unemployment Claims Climb to Month-High
Source: Department of Labor American jobless claims increased for the second consecutive week to hit the highest level in a month. DXY is down 0.44%, while gold is down 1.23%. Seasonally adjusted initial claims for the week ending September 18 stood at 351,000. This is the highest since August 21’s 354,000.The previous week’s level was revised higher to 332,000, up 3,000 … [Read more...] about US Unemployment Claims Climb to Month-High
