The Australian economy is expected to rejoice in its victory over COVID-19 by expanding at the fastest pace since 2007, a Reuters poll of 34 economists showed on Tuesday. Key Comments: “At a time when most major economies are battling a new wave of coronavirus cases, Australia has greatly reduced the outbreak, counting only about […]
Tag: Increase
New York Fed GDP rises to 6.8% for the first quarter after this week’s data
The US economy is expected to grow 6.8% in the first quarter of 2021 and 4.4% in the second quarter, the latter showed on Friday. Nowcasting Report from the Federal Reserve Bank of New York. “The news from this week’s data release increased the immediate forecast for 2021: Q1 by 0.8% and increased the immediate […]
Atlanta Fed GDP falls to 6% for the first quarter after the latest US data.
Real gross domestic product (GDP) in the United States is expected to grow 6%, compared to 6.2% on April 7, in the first quarter of 2021, the latest report showed on Friday GDPNow from the Federal Reserve Bank of Atlanta. “Following this morning’s wholesale trade release from the US Census Bureau and this morning’s report […]
New York Fed GDP falls to 6.0% for the first quarter after this week’s data
The US economy is expected to grow 6% in the first quarter of 2021 and 1.5% in the second quarter, as showed on Friday the Latest Nowcasting Report from the Federal Reserve Bank of New York. “The news from this week’s data release lowered the immediate forecast for 2021: Q1 by 0.2% and lowered the […]
Atlanta Fed GDP falls to 4.5% for the first quarter after the latest US data.
Real gross domestic product (GDP) in the United States is expected to grow 4.5%, down from 4.6% on February 10, in the first quarter of 2021, the latest report showed on Friday GDPNow from the Federal Reserve Bank of Atlanta. “Following this morning’s releases of the US Census Bureau’s Wholesale Trade Report and the US […]
The European economy will return to pre-crisis levels in 2022
The economy of the European Union (EU) is expected to recover in the second quarter of the year with more vaccines against the coronavirus helping to lift the blockades, said Monday the commissioner of EU trade, Valdis Dombrovskis, as reported by Reuters. Dombrivskis further noted that vaccinations in the EU will accelerate significantly in the […]
USD / CAD climbs to new daily highs around 1.2780 region amid stronger USD
USD / CAD gains some positive traction on Monday amid a rebound in USD demand. The continued rally in US bond yields offers some support for the USD. The current upward movement in oil prices could prop up the CAD and limit the pair’s gains. The pair USD / CAD moves higher at the start […]
Atlanta Fed GDP now falls to 4.6% in the first quarter
Gross domestic product (GDP) is expected to real in the united states grow 4.6%, down from 6% on February 1, in the first quarter of 2021, the latest report showed on Friday GDPNow from the Federal Reserve Bank of Atlanta. “The immediate predictions of real personal consumption spending in the first quarter and the growth […]
USD / CAD falls to new daily lows below 1.2800 level
USD / CAD sees some selling on Friday, pressured by a combination of factors. Bullish oil prices support the CAD and put pressure on the pair amid a modest decline in the USD. The drop appears limited, as investors’ attention remains on the monthly job reports for the United States and Canada. The pair USD […]
Atlanta Fed GDP rises to 6% for Q1 after latest data
Real gross domestic product (GDP) in the United States is expected to grow 6%, up from 5.2% on Jan. 29, in the first quarter of 2021, the latest report showed Monday. GDPNow from the Federal Reserve Bank of Atlanta. “Following this morning’s ISM Business Manufacturing Report from the Institute for Supply Management and the US […]
