Turkey’s construction index rose to 82.4 from a low of 79.6 but still denoted lower confidence among investors as it fell below 100. The sale of houses in Turkey fell 38.28%, from 95,863 in April 2021 to 59,166 in May 2021. US GDP may rise above 6.5% (QoQ) due to higher inflation numbers. The USD/TRY gained 0.42% on June 24, 2021, from the previous day's trading … [Read more...] about USD/TRY: Dollar Maintains Lead Ahead of Jobless Claims and GDP Report
Forex News
Jobless Claims Remain Above 400,000 for Second Straight Week
Source: US Labor Department American unemployment claims recorded a decline in the third week of June, but continued to be above the 400,000 level. Seasonally adjusted initial claims for the week ending June 19 fell 7,000 week-on-week to 411,000. This compares with the 1.472 million claims in the week ending June 13, 2020.The previous week's level was revised higher by … [Read more...] about Jobless Claims Remain Above 400,000 for Second Straight Week
USD/ZAR Pair Loses on South Africa’s Inflation Data
SA’s CPI hit a 2.5 year high at 5.2% (YoY), moving above the 4.5% midpoint.New coronavirus cases in South Africa reached a 2-month high on June 21, 2021, at 9,160, with WHO planning to set up a vaccination hub in Africa.US mortgage applications increased 2.1% (Week-on-week) as well as refinancing. The USD/ZAR pair traded at a -0.43% price change on June 23, 2021, from the … [Read more...] about USD/ZAR Pair Loses on South Africa’s Inflation Data
US Private Sector Eases to a 2-Month Low. Manufacturing PMI on Record High
Source: IHS Markit US private sector expansion softened in June, with activity index hitting a 2-month low of 64.8, down from 70.4 in May. DXY is down -0.03%, SPY is up +0.054%, QQQ is up +0.15%. Overall, the Composite PMI Output Index fell from 68.7 in May to 63.9 in June as expansion continued, albeit at a slower rate.Manufacturing PMI hit a series record of 62.6 … [Read more...] about US Private Sector Eases to a 2-Month Low. Manufacturing PMI on Record High
New Home Sales Hits 12-Month Low in May
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development Sales of new single-family houses in the United States dropped by 5.9% in May to mark the worst performance in a year. The seasonally adjusted annual sales rate stood at 769,000. This is the lowest since May 2020's 704,000.There were 330,000 new houses for sale during the month, the most since … [Read more...] about New Home Sales Hits 12-Month Low in May
