EUR/USD remains on track to close in the positive territory. US Dollar Index stays below 90.00 during American session. Focus shifts to GDP data and IFO
Speculators
China stepped up its fight against soaring commodity prices with a government commission saying there would “zero tolerance” for “excessive speculation” and hoarding which it said contributed to the recent rally. Iron ore futures dropped by the daily limit after the statement was issued and remained close to $182 a ton this morning. The warning comes amid increasing signs that Chinese commodity demand may be peaking as the country’s central bank gradually restricts the flow of money to the economy and funding for infrastructure projects slows.
Fly around
Flights are being redirected to avoid Belarusian airspace today after authorities in the country diverted a passenger jet to Minsk and arrested a journalist on board. The extraordinary step taken by the country, amounting to the hijacking of a commercial flight, was strongly condemned by Western governments. Further sanctions against Belarus are likely to be announced later today after a meeting of
U S Economic Growth Lost Momentum in April — Chicago Fed morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
AE, MLO, Ops Jobs; Mixed-use, Fulfillment, Non-Agency Products; Events and Training May 24 2021, 8:15AM
What is your, and your company’s, value proposition? Lenders must be vigilant, which means paying attention to trends, big and small. For example, on the large scale, more and more analysts are talking about talking about the Federal Reserve tapering off on its asset purchases, given the potential expanding U.S. economy. It seems that only the Fed is hesitant talking about it! But at some point, it is believed that the Fed will acknowledge the situation, and some of the emergency actions taken a year ago will begin to be removed. On a small scale, while some have been fretting about Amazon entering residential lending for years, how about watching those actually impacting their business? For example, “millennial and Gen-Z-focused” home buying platform Lower, announced the launch of its mobile app and new FDIC-insured deposit account, “HomeFund.
April 2021 CFNAI Super Index Moving Average Index Declined
The economy s rate of growth slowed based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average - but the economy is slightly above the historical trend rate of growth.
Analyst Opinion of the CFNAI This Month
This index is likely the best coincident indicator of the U.S. economy. A coincident indicator shows the current state of the economy.
This month, three of the four broad categories worsened
The economy has slowed from its rate of growth in 2018 but now has moved above territory associated with recessions [a level below -0.7 indicates a recession is likely underway].