U.S Composite Output Index slipped to a 2-month low of 59.1 in March, down from February’s 59.5, according to IHS Markit press release. The index signaled the second-fastest private sector upturn for six years. Flash Services Business Activity Index hit an 80-month high of 60.0, up from 59.8 in FebruaryFlash Manufacturing PMI reached a 2-month high of 59.0, up from … [Read more...] about US: Capacity Pressures Constrain Output as New Order Expands Fastest in 6.5 Years
Forex News
Eurozone Business Activity Expands For First Time In Six Months In March
Business activity in the Eurozone expanded for the first time in six months in March, according to data compiled by IHS Markit. The headline IHS Markit Eurozone Composite PMI rose to 52.5 in March from 48.8 in February. The latest figure is the first reading above the 50.0 no-movement since September. The expansion is also the largest recorded since July 2020.Manufacturing … [Read more...] about Eurozone Business Activity Expands For First Time In Six Months In March
USD/CHF Forecast Ahead of the SNB Rate Decision
The USD/CHF price is bouncing back ahead of the first Swiss National Bank (SNB) interest rate decision. The pair rose to 0.9302 on Tuesday, which is 1% higher than last week’s low of 0.9212. Switzerland stronger recovery Like all countries, Switzerland went through a rough patch in 2020 because of the coronavirus pandemic. However, the country’s weakness was better than … [Read more...] about USD/CHF Forecast Ahead of the SNB Rate Decision
Inflation Worries Set Bonds for the Worst Losses in Decades
Government and corporate bonds have fallen to their worst start to a year this century. The tumble has been linked to the prospect of resurgent inflation which could eat into fixed-income returns. Inflationary pressures have risen with the passage of the $1.9 trillion stimulus package this month even as central banks vowed to keep rates near historic lows.The Fed expects a … [Read more...] about Inflation Worries Set Bonds for the Worst Losses in Decades
New Home Sales Fall To 775,000 In February 2021
Sales of new single-family homes in the United States plunged 18.2% in February, according to data released by the census bureau and housing department. Sales were at a seasonally adjusted annual rate of 775,000, falling below the January rate of 948,000. This is 8.2% higher than the seasonally adjusted sales of 716,000 in February 2020.New houses for sale in February were … [Read more...] about New Home Sales Fall To 775,000 In February 2021
