Dallas Fed Manufacturing Index fell sharply in June. The US Dollar Index continues to fluctuate near 104.00 after the data. The headline General Business Activity Index of the Federal Reserve Bank of Dallas’ Texas Manufacturing Survey plunged to -17.7 in June from -7.3 in May. This print missed the market expectation of -3.1 by a … Read more
Durable Goods Orders in the US rose unexpectedly in May. US Dollar Index holds above 104.00 after the data. Durable Goods Orders in the US increased by 0.7%, or by $1.9 billion, on a monthly basis in May to $267.2 billion, the monthly data published by the US Census Bureau revealed on Monday. Investors were … Read more
US durable goods orders overview Monday’s US economic docket highlights the release of Durable Goods Orders data for May. The US Census Bureau will publish the monthly report at 12:30 GMT and is expected to show that headline orders remained flat during the reported month as compared to the 0.5% rise in April. Orders excluding … Read more
Gold price has given an upside break of $1821.25-1,831.87 as G7 bans Russian gold exports. Gold exports are the second largest revenue generation source for Russia. Lower expectations from the US economic data have weakened the DXY. Gold price (XAU/USD) has climbed above $1,836.00 after overstepping Friday’s high at $1,831.87. The announcement of a prohibition … Read more
The US Gross Domestic Product (GDP) is now expected to grow 2.9% in 2022, lower than its recent forecast of 3.7% in April, IMF Managing Director Kristalina Georgieva said in an annual assessment of US economic policies over the weekend. Additional takeaways US economy will grow at 1.7% in 2023 and 0.8% in 2024. After … Read more
Gold price is expected to display an upside movement above $1,830.00. A downbeat performance looks likely from the US Durable Goods Orders. The gold prices are expected to display a lackluster performance on a symmetrical triangle formation. Gold price (XAU/USD) has displayed topsy-turvy moves in a range of $1,821.88-1,831.87 on Friday. The precious metal is … Read more
New Home Sales in the US rebounded sharply in May. Wall Street’s main indexes continue to push higher after the data. The data published by the US Census Bureau showed on Friday that New Home Sales in the US rose by 10.7% in May to 696,000 following April’s contraction of 12% (revised from -16.6%). “The … Read more
German IFO Business Climate Index came in at 92.3 in June. IFO Current Economic Assessment eased to 99.3 this month. June German IFO Expectations Index arrived at 85.8 The headline German IFO Business Climate Index dropped sharply to 92.3 in June versus last month’s 93.0 and the consensus estimates of 92.9. Meanwhile, the Current Economic … Read more
Following the release of the German IFO Business Surveythe institute’s Economist Klaus Wohlrabe said that “the worry lines in the German economy are getting bigger.” Additional quotes Index has fallen significantly in industry and retail. Expectations are more pessimistic. Despite increased uncertainty, there are no signs of a recession at the moment. Threat of gas … Read more
The UK Retail Sales came in at -0.5% MoM in May, beats estimates Core Retail Sales for the UK dropped by 0.7% MoM in May. The cable defends gains below 1.2300 on the mixed UK data. more to come … Information on these pages contains forward-looking statements that involve risks and uncertainties. … Read more