In the week ending July 10, 2021, the initial US unemployment claims fell 6.74%, from 386,000 to 360,000. The pandemic has increased productivity from 1.4% in 2020 to 3.1% in 2021. Australia's economic growth projection may fall from the 2.6% anticipated by the RBA by the first half of 2021. The AUDUSD pair lost 0.84% as of 01:39 pm GMT on July 15, 2021, from the … [Read more...] about AUDUSD: Aussie Slumps As Victoria State Joins Sydney in New Lockdowns
Forex News
Consumers Less Upbeat as Sentiment Plunges by 5.5% in Early July
Source: University of Michigan US consumer sentiment recorded a decline of 5.5% to hit an index of 80.8 in early July on a less favorable economic outlook. SPY is down -0.29%, DXY is up +0.10%. The month over month decline in consumer sentiment reflected misjudgments over the pace of the economic recovery as the pandemic impacts fell.The index measuring current … [Read more...] about Consumers Less Upbeat as Sentiment Plunges by 5.5% in Early July
Retail Sales Surpass Estimates to Jump by 0.6% in June
Source: Census Bureau US retail and food services sales rose by 0.6% in June to reach $621.3 billion, higher than expected 0.4% increase as spending shifted to the services sector. SPY is up +0.25%, DXY is up +0.09%. The retail sales were 18.0% higher than a similar month of last year.Retail sales for April through June this year were 31.5% higher than a similar … [Read more...] about Retail Sales Surpass Estimates to Jump by 0.6% in June
Investors Push US Futures Higher as they Wait for Earnings, More Stimulus Push
Investors pushed futures on the benchmark S&P 500 higher by 0.16% on Friday as they digested comments by Fed’s Jerome Powell on further economic support. S&P 500 is down -0.33%, DJI is up +0.15%, CSI 300 is down -1.10%, Euro Stoxx is down -0.14%. Nasdaq 100 futures were up 0.16% as Dow Jones futures ticked higher by 0.18% The uptick in futures happens amid … [Read more...] about Investors Push US Futures Higher as they Wait for Earnings, More Stimulus Push
Hopes of Xi-Biden Meeting Ignite With Wendy Sherman Visit to China
Source: Yahoo! A potential meeting between US President Joe Biden and his Chinese counterpart Xi Jinping could be a step closer to reality, with a senior American official set to fly to China next week. Deputy Secretary of State Wendy Sherman will fly to Tianjin and meet with China’s Foreign Vice Minister Xie Feng, their first physical meeting since their exchange in … [Read more...] about Hopes of Xi-Biden Meeting Ignite With Wendy Sherman Visit to China
