<ul><li>Prior was -212.1B (revised to 216.8B)</li></ul><p>These numbers have been slowly improving but remain drastically below pre-pandemic numbers, in part reflecting the strength of the US economy.</p> This article was written by Adam Button at www.forexlive.com.
Blogs
US current account, consumer confidence and existing home sales are on the agenda
<p>Markets haven't quite hit the Christmas lull yet but we're close. Today there are a few items on the agenda that should keep markets turning over but probably not any fireworks.</p><ul><li>8:30 am ET US Q3 current account</li><li>10 am ET US consumer confidence for December</li><li>10 am
Japanese incomes projected to increase by 3.8% in fiscal 2024, surpassing inflation
<p>The Nikkei (Japan media outlet) have a sneak leak of a Japanese Cabinet report due today, Thursday, 21 December 2023, that shows Japanese incomes will rise faster than inflation in fiscal 2024.</p><p>Saying its a hopeful sign for consumers even if much of the anticipated boost comes from one-time tax cuts.</p><p>Cab
ICYMI – Goldman Sachs brings forward its BOE rate cut forecast to May from June previously
<p>Justin had the news on this forecast revision from the investment bank:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-brings-forward-boe-rate-cut-to-may-from-june-previously-20231220/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs bring
Forexlive Americas FX news wrap 20 Dec:US stocks down. Yields down & USD higher.Weird day
<ul><li><a href="https://www.forexlive.com/news/us-stocks-plunge-as-major-indices-break-winning-streaks-20231220/">US stocks plunge as major indices break winning streaks</a></li><li><a href="https://www.forexlive.com/news/theyre-throwing-in-the-towel-on-china-as-taiwan-fears-grow-20231220/"
Morgan Stanley predict the Federal Reserve may not cut interest rates until June
<p>Fed may not cut interest rates until June, Morgan Stanley economists warns Morgan Stanley said the next few inflation prints could be sticky and the Federal Reserve may not begin cutting interest rates until later than many expect. “We think it will take until June for the Fed to have clear and convincing evidence inflation […]
US stocks plunge as major indices break winning streaks
<p>Major US stock indices finally fell in unison. </p><p>The NASDAQ and the S&P both fell around -1.50%. The Russell 2000 was the biggest decliner with a fall of close to -1.9%. The Dow and NASDAQ nine-day winning streaks were broken. </p><p>The final numbers are showing:</p><ul><li>Dow Indust
Economic calendar in Asia 21 December 2023 – a light one
<p>It's a light one on the data agenda for the session in Asia with minor releases from Japan and New Zealand. </p><p>Friday will be much for interesting as it'll bring the final Japanese inflation data for the year. More to come on this in tomorrow's calendar preview!</p><p>This snapshot from the ForexL
US stocks hit new highs and then reverse in a nasty move lower
<p>It was looking like it might be another strong day in equity-land but an abrupt shift in sentiment hit late in the day with chipmakers and big-cap tech turning lower. It doesn't take much to get some profit taking after a seven-week one-way move so it's not a huge surprise but it's a good reminder […]
Trade ideas thread – Thursday, 21 December, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.