News

CPI Housing Utilities in European Union increased to 110.48 points in August from 109.87 points in July of 2021. CPI Housing Utilities in European Union averaged 82.98 points from 1996 until 2021, reaching an all time high of 110.48 points in August of 2021 and a record low of 47.81 points in January of 1996. European Union Cpi Housing & Utilities

Source: Trade Economics EU

The transportation sub-index of the CPI basket in European Union increased to 112.46 points in August of 2021 from 111.81 points in July of 2021. Cpi Transportation in European Union averaged 88.03 points from 1996 until 2021, reaching an all time high of 112.46 points in August of 2021 and a record low of 59.31 points in January of 1996. European Union Cpi Transportation

Source: Trade Economics EU

Part Time Employment in the United Kingdom increased to 7831 Thousand in June from 7815 Thousand in May of 2021. Part Time Employment in the United Kingdom averaged 7460.05 Thousand from 1992 until 2021, reaching an all time high of 8704 Thousand in May of 2019 and a record low of 5995 Thousand in December of 1992. United Kingdom Part Time Employment

Source: Trade Economics UK

Full Time Employment in the United Kingdom decreased to 24390 Thousand in July from 24656 Thousand in June of 2020. Full Time Employment in the United Kingdom averaged 21485.81 Thousand from 1992 until 2021, reaching an all time high of 24715 Thousand in March of 2021 and a record low of 19136 Thousand in December of 1993. United Kingdom Full Time Employment

Source: Trade Economics UK

Car Production in the United States increased to 1.81 Million Units in August from 1.73 Million Units in July of 2021. Car Production in the United States averaged 5.79 Million Units from 1967 until 2021, reaching an all time high of 9.92 Million Units in April of 1978 and a record low of 0.01 Million Units in April of 2020. United States Car Production

Source: Trade Economics US

Chain Store Sales in the United States increased to 3034 USD Million in July from 2872 USD Million in June of 2021. Chain Store Sales in the United States averaged 6028.13 USD Million from 1992 until 2021, reaching an all time high of 15875 USD Million in December of 1999 and a record low of 11 USD Million in April of 2020. In the US, chain store sales refer to retail sales of goods and services in department stores excluding discount department stores. Values are based on data from the Monthly Retail Trade Survey. The survey covers companies with one or more establishments that sell merchandise and related services to final consumers, such as furniture & home furnishings; electronics & appliances; clothing & accessories; sporting goods, hobby, musical instrument, and book; general merchandise; office supply, stationery, and gift stores. Chain store sales do not include data from online-only stores.

Source: Trade Economics US

Core Consumer Prices in European Union increased to 107.17 points in August from 106.89 points in July of 2021. Core Consumer Prices in European Union averaged 91.05 points from 1996 until 2021, reaching an all time high of 107.20 points in June of 2021 and a record low of 72.72 points in January of 1996. European Union Core Consumer Prices

Source: Trade Economics EU

Car Registrations in the United States decreased to 324.55 Thousand in July from 364.50 Thousand in June of 2021. Car Registrations in the United States averaged 674.93 Thousand from 1975 until 2021, reaching an all time high of 1149 Thousand in September of 1986 and a record low of 182.77 Thousand in April of 2020. In the United States, car registrations refer to total registrations for new passenger cars. United States Car Registrations

Source: Trade Economics US

The U.S. dollar traded firm against most of its major counterparts on Friday, extending recent gains, as the focus remains on the upcoming monetary policy meeting of the Federal Reserve.

Source: RTT News

Wall Street is halfway there to seeing its first 5% pullback since early May.  The narrative behind today

Source: MarketPulse

Oil Energy traders did not wait long to lock in profits.  After a fourth weekly gain, crude prices slumped after oil rig counts delivered their biggest increase in a month and as risk aversion sent the dollar higher.  The weekly Baker Hughes rig count rose from 503 to 512, a 1.8% increase.  Earlier, oil prices […]

Source: MarketPulse

Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they take a deep dive into cryptos, discussing Litecoin’s rise and fall following the fake Walmart news, China’s crackdowns over mining/casinos, and the current regulatory path for cryptos.   They also discuss what the […]

Source: MarketPulse

Larger correction looks very unlikely at this point With the dollar remaining in favour after yesterday’s stronger US data, the ability of EURUSD to retrace back towards 1.20 is looking increasingly unlikely. One last hurdle remains to the downside, the 76.4 fib (some may prefer the 78.6 but there isn’t a huge amount of difference). If this […]

Source: MarketPulse

The week we’ve all been waiting for Next week is action-packed including rate decisions from the US, Japan, UK, South Africa, Turkey, Switzerland, Norway and Sweden. The Federal Reserve is the obvious standout among these, with investors seemingly uneasy at the prospect of the central bank tapering asset purchases at a time when the recovery […]

Source: MarketPulse

Consumer sentiment in the U.S. has seen a modest improvement in September after falling sharply in August, according to a preliminary report released by the University of Michigan on Friday. The report said the consumer sentiment index inched up by 71.0 in September from 70.3 in August. Economists had expected the index to rise to 72.2.

Source: RTT News

Consumer Confidence in the United States increased to 71 points in September from 70.30 points in August of 2021. Consumer Confidence in the United States averaged 86.44 points from 1952 until 2021, reaching an all time high of 111.40 points in January of 2000 and a record low of 51.70 points in May of 1980. The Index of Consumer Expectations focuses on three areas: how consumers view prospects for their own financial situation, how they view prospects for the general economy over the near term, and their view of prospects for the economy over the long term. Each monthly survey contains approximately 50 core questions, each of which tracks a different aspect of consumer attitudes and expectations. The samples for the Surveys of Consumers are statistically designed to be representative of all American households, excluding those in Alaska and Hawaii. Each month, a minimum of 500 interviews are conducted by telephone.

Source: Trade Economics US

Oil eases off highs Oil prices are pulling back a little at the end of the week after coming within a whisker of summer highs on Wednesday. We’re clearly seeing some profit-taking kicking in on approach to those highs, with the restarting of operations in the Gulf of Mexico and the dollar rally further backing […]

Source: MarketPulse

Stock markets are a little lower on the final trading day of the week. The European day got off to a decent start but that has fizzled out as the session has worn on. It’s been quite an interesting week in the markets, in which one eye has been consistently on the Fed meeting next […]

Source: MarketPulse

The New Zealand dollar is almost unchanged in the Friday session. NZD/USD is currently trading at 0.7070, down 0.04% on the day. New Zealand manufacturing PMI  slides The final New Zealand event this week was a disappointment. Manufacturing PMI for August took a dive, falling to 40.1 in August. This marked the first time that […]

Source: MarketPulse

UK retail sales declined for the fourth straight month in August, the longest stretch of fall on record, data from the Office for National Statistics showed on Friday. Retail sales including auto fuel dropped unexpectedly by 0.9 percent month-on-month after declining 2.8 percent in July. Sales were forecast to climb 0.5 percent.

Source: RTT News

Construction output in European Union increased 3.80 percent in July of 2021 over the same month in the previous year. Construction Output in European Union averaged 0.03 percent from 1996 until 2021, reaching an all time high of 35.50 percent in April of 2021 and a record low of -25.50 percent in April of 2020. The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering. European Union Construction Output

Source: Trade Economics EU

Cpi Trimmed-mean in the United States increased to 3.20 percent in August from 3 percent in July of 2021. Cpi Trimmed-mean in the United States averaged 2.65 percent from 1983 until 2021, reaching an all time high of 5.10 percent in September of 1990 and a record low of 0.70 percent in October of 2010. In the United States, the 16 percent trimmed-mean CPI is a weighted average of one-month inflation rates of components whose expenditure weights fall below the 92nd percentile and above the 8th percentile of price changes. The Cleveland Fed calculates the 16 percent trimmed-mean CPI by taking a weighted average across the component inflation rates after excluding, or trimming, items whose expenditure weights fall in the top 8 percent and bottom 8 percent of the price change distribution. United States CPI Trimmed-mean

Source: Trade Economics US

Cpi Median in the United States increased to 2.40 percent in August from 2.30 percent in July of 2021. Cpi Median in the United States averaged 2.87 percent from 1983 until 2021, reaching an all time high of 4.80 percent in August of 1990 and a record low of 0.50 percent in May of 2010. In the United States, Median CPI is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. To calculate the median CPI, the Federal Reserve Bank of Cleveland looks at the prices of the goods and services published by the Bureau of Labor Statistics (BLS). But instead of calculating an inflation rate that is a weighted average of all of the items in the CPI, as the BLS does, the Cleveland Fed ranks the inflation rates of the components of the CPI and picks the one in the middle of the distributionthat is, the item whose expenditure weight is in the 50th percentile of the price change distribution. United States CPI Median

Source: Trade Economics US

The British pound is flat in the Friday session. GBP/USD is currently trading at 1.3792, down 0.03% on the day. UK Retail Sales contracts for second consecutive month After posting stronger than expected data this week, today’s UK Retail Sales release was a major disappointment. The headline reading came in August came in at -0.9%, […]

Source: MarketPulse

The Australian dollar is in positive territory in the Friday session. Currently, AUD/USD is trading at 0.7317, up 0.33% on the day. Soft Australian employment data on Thursday sent the Australian dollar lower, but the currency has recouped most of these losses on Friday. The economy lost a massive 146.3 thousand jobs in August, surprising […]

Source: MarketPulse