Forex News

Source: Markets Insider  Japan’s leading index that gauges future economic activity fell from 103.8 in April to 102.6 in May. Nikkei 225 is down -0.96%, USDJPY is down -0.04%. May’s reading was slightly higher than March’s 102.4.The coincident index plunged to the lowest since February to hit 92.7 in May, down from 95.3 in April.The lagging index was 99.3 in May, … [Read more...] about Japan’s Future Economic Activity Leading Index Declines

Source: Halifax Average house prices in the UK hit 260,358 pounds in June, after plunging by 0.5%. FTSE 100 is up +0.40%, GBPUSD is up +0.32%. June’s decline in house prices was the first since January as the UK continued to phase out the stamp duty holiday. On a quarterly basis, average house prices in the UK surged by 2.9%. Annual house price inflation eased … [Read more...] about UK House Prices Cools by 0.5% in June on Expiring Stamp Duty Holiday

Source: Bloomberg China will sell more metal stockpiles in the near term to curb the rising costs of raw materials and maintain market stability. CSI 300 is up +1.13%, USDCNY is down -0.30%. In its first sale, China released metal stockpiles that included 50,000 tons of aluminum, 30,000 tons of zinc, and 20,000 tons of copper.The released metal stockpiles were sold … [Read more...] about Relentless China Seeks More Metal Sales to Tame Material Prices

Source: Institute of Supply Management US Services PMI cooled to an expansion of 60.1% in June, after shedding 3.9 percentage points from a record 64% in May. SPY is down -0.64%, QQQ is up +0.10%, DXY is up +0.30% Business Activity Index was 60.4% in June, a 5.8% plunge from May, but representing expansion for the 13th month in a row.The Supplier Deliveries Index fell by … [Read more...] about Services Sector Up for the 13th Consecutive Month amid Slowdowns from May

Source: Eurostat Retail trade in both the euro area and the European Union rebounded in May, driven mainly by non-food items and automotive fuels. The seasonally adjusted volume of retail trade climbed 4.6% month-on-month in both the euro area in May. Retail trade fell 3.9% in the euro area and 3.6% in the EU in April.Year-on-year, retail trade climbed 9.0% in the euro … [Read more...] about Euro Area, EU Retail Trade Rebound in May