The Chicago Fed National Activity Index rose modestly in December. The US Dollar DXY Index is extending sideways within a daily range above 90.00. The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose from 0.31 (revised from 0.27) in November to 0.52 in December. “He CFNAI diffusion index, which is also a three-month […]
Tag: U.S.
Existing Home Sales Unexpectedly Rises from December to 14-Year Highs
The report of sale of existing homes December showed a rise of 0.7%, which was surprising since a decline of 1.4% was expected. In November there had been a fall of 2.2% (revised from -2.5%). In this way, the annual rate of sales reached 6.76 million, the market consensus was for a reading of 6.55 […]
PMI for services and manufacturing rises more than expected in January
He Marklit’s preliminary report showed better-than-expected data from the US. The sector indicator services it rose to 57.5 in January, above the market consensus of 53.4. The previous month it had stood at 54.8. With respect to manufacturer it posted a rise to 59.1 from 56.5, beating the expectation of 56.5 The index compound it […]
I will work with President Biden to fight currency manipulation
The new one US Secretary of the Treasury and former Fed Chair, Janet Yellen, has declared this Thursday that will work with President Joe Biden to fight against currency manipulation. Featured statements: “We will not alter the tariffs on China until allies are consulted“. “You need a ‘new focus’ for significant pressure on China. “ […]
Philly Fed rises to 26.5 in January, well above expectations
The survey of the manufacturing sector known as Philly Fed recorded a strong rise in the main indicator going from 9.1 to 26.5, widely topping the market consensus which was 11.8. He Indicator price index rose to the highest level since August 2018 at 45.4 (24.9 was the December data). The number of new orders […]
Housing starts and building permits rise unexpectedly in December
The report on the start of housing and construction permits showed figures above expectations, registering an increase against the market consensus, which was due to a decrease. The housing starts in December reached 1,669 million, higher than the expected reading of 1.56 million and higher than the 1.57 million of the previous month. This represented […]
Initial claims for unemployment benefits fall back to 900,000
Both initial and continuing orders showed better than expected figures. The dollar manages to move slightly away from the lows of the day after the economic data. The Department of Labor reported that Initial claims for unemployment benefits dropped to 900,000 in the week ended January 16, from the prior week’s five-month high of 926,000. […]
Prime Minister Trudeau Says Disappointed in Biden’s Plan to Revoke Keystone XL’s Permit
The Canadian Prime Minister, Justin Trudeau, has expressed his “disappointment” for US President Joe Biden’s promise to revoke a permit for the controversial Keystone XL pipeline, as quoted by the New York Post. Trudeau said: “While we welcome the president’s commitment to fighting climate change, we are disappointedBut we acknowledge the President’s decision to deliver […]
New York Mayor Says City Is Two Days From Vaccine-Free
The New York Times (NYT) has quoted Mayor Bill de Blasio during Tuesday’s news to convey that New York City expects to exhaust its supply of coronavirus vaccines on Thursday and then you will have to cancel appointments at many vaccination sites in the city. “The mayor, who expressed concern last week about the coronavirus […]
NZD / USD held by bears in support zone testing 0.71 level
The NZD / USD pauses in a familiar support zone, with its eyes set on a rally towards the 50% Fibonacci retracement. Markets await the US presidential inauguration immersed in an appetite for risk. The pair NZD / USD is trading around the 0.7115 level, correcting the last bearish momentum to the low of 0.7102 […]
