Pending home sales index in the U.S slipped 0.3% in December to 125.5, according to the National Association of Realtors press release. NAR attributes the drop in pending home sales to having too few homes for sale. Contract signings rose 21.4% year over year.NAR chief economist Lawrence Yun believes there is a high demand for housing and many would-be buyers, and … [Read more...] about U.S. Recorded 0.3% Drop in Pending Home Sales in December
Forex News
U.S. Personal Incomes Gained 0.6% in December
U.S personal incomes rose by $116.6 billion in December or 0.6% from November, according to the Bureau of Economic Analysis press release. The rise in personal income reflected increases in government social benefits, compensation, and personal dividend income. The personal consumption expenditures (PCE) declined by $27.9 billion or 0.2% from November.Real disposable … [Read more...] about U.S. Personal Incomes Gained 0.6% in December
U.S. Jobless Claims Fell by 67,000, Remain Below Analysts’ Expectations
U.S jobless claims totaled 847,000 for the week ending January 23, to remain below the expected 875,000, according to the Department of Labor press release. The jobless claims were a decline of 67,000 from the previous week. The previous week’s jobless claims were revised up by 14,000 from 900,000 to 914,000.Continuing claims fell by 203,000 to a new pandemic-era low … [Read more...] about U.S. Jobless Claims Fell by 67,000, Remain Below Analysts’ Expectations
VIX Trading Nears November Highs as Fear Grips Stock Markets
The Cboe Volatility Index (VIX) rose to 37 on Wednesday, the biggest one-day move since the market crash in March. According to Bloomberg, VIX's futures curve flipped to "backwardation," implying that investors expect more volatility in the near-term. The bulk of VIX’S Wednesday gain came in after-hours trading when Tesla Inc., Apple Inc., and Facebook Inc. all fell after … [Read more...] about VIX Trading Nears November Highs as Fear Grips Stock Markets
Euro Area and the EU Record Decline in Economic Sentiment and Employment Expectations
Both the economic sentiment and employment expectations in the Euro area and EU fell in January 2021, according to the European Commission press release. Economic Sentiment Indicator (ESI) fell by 0.9 points to 91.5 in the euro area in January 2021. The Economic Sentiment Indicator edged lower by 0.6 points to 91.2 in the European Union.The Employment Expectations … [Read more...] about Euro Area and the EU Record Decline in Economic Sentiment and Employment Expectations
