The U.S. economic growth was retained at 6.4% in the first quarter of the year, according to the second estimate released by the Commerce Department. Upward revisions were made to the initial estimate in terms of consumer spending and nonresidential fixed investment.These were offset by downward revisions to exports and private inventory investment.At 6.4%, the growth in … [Read more...] about U.S. First-Quarter Economic Growth Retained at 6.4%
Forex News
U.S. Unemployment Claims Hit Pandemic-Low For Seventh Week
Jobless claims in the United States hit a pandemic-low for the seventh straight week, according to data released by the Labor Department. Seasonally adjusted initial claims dropped 38,000 to 406,000 in the week ending May 22. This is the lowest since March 14, 2020's 256,000.The previous week's jobless claims figure was retained at 444,000.The four-week moving average fell … [Read more...] about U.S. Unemployment Claims Hit Pandemic-Low For Seventh Week
NZD/USD Rallies to 3-Month High on Hawkish RBNZ as Gold Erases 2021 Losses
New Zealand Dollar Strengthens on hawkish Reserve Bank of New Zealand sentiments about the economic outlook.Yen continues to lose ground against majors on the growing concern of Japan's economic outlook.Gold powers through $1900 amid increasing U.S inflation concernsBitcoin bounce back continues to gather steam above the $40,000 level The NZD/USD consolidates near … [Read more...] about NZD/USD Rallies to 3-Month High on Hawkish RBNZ as Gold Erases 2021 Losses
GBP/USD is Ripe for a Bullish Breakout as Pressure Mounts on Fed and BOE
The GBP/USD is hovering near the highest level since April 2018 as investors focus on the strong recovery of the UK economy. It is trading at 1.4180, which is slightly below the year-to-date high of 1.4240. Strong UK economy The GBP/USD has been on strong upward momentum in the past few months as investors have focused on the strong UK economic recovery. The pair has … [Read more...] about GBP/USD is Ripe for a Bullish Breakout as Pressure Mounts on Fed and BOE
U.S. Home Prices Post 15-Year High Growth In March
Home prices in the United States grew by the highest in over 15 years in March, the S&P Dow Jones Index reported. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index climbed 13.2% in March, from 12.0% in February.This is the highest annual gain since December 2005, and the tenth consecutive month of accelerating prices.The 10-City Composite annual … [Read more...] about U.S. Home Prices Post 15-Year High Growth In March
