{"id":1462,"date":"2021-06-24T17:20:34","date_gmt":"2021-06-24T20:20:34","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1462"},"modified":"2021-06-24T17:20:37","modified_gmt":"2021-06-24T20:20:37","slug":"backed-by-hopes-of-a-solid-economic-recovery-amidprivate-sector-activity-data-showing-the-biggest-expansion-in-15-years-effortsfor-reopening-and-rapid-pace-of-vaccinations-the-euro-held-up-above-1-1","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/06\/24\/backed-by-hopes-of-a-solid-economic-recovery-amidprivate-sector-activity-data-showing-the-biggest-expansion-in-15-years-effortsfor-reopening-and-rapid-pace-of-vaccinations-the-euro-held-up-above-1-1\/","title":{"rendered":"Backed by hopes of a solid economic recovery amidPrivate sector activity data showing the biggest expansion in 15 years, effortsfor reopening and rapid pace of vaccinations, the euro held up above 1.19 in thisThursday"},"content":{"rendered":"\n

Forex<\/strong><\/p>\n\n\n\n

EURUSD:<\/strong>\u00a0Backed by hopes of a solid economic recovery amidPrivate sector activity data showing the biggest expansion in 15 years, effortsfor reopening and rapid pace of vaccinations, the euro held up above 1.19 in thisThursday.\u00a0Among the largest economies in the bloc, the activity of the private sector in theGermany had its biggest growth in more than a decade.<\/p>\n\n\n\n

DXY:<\/strong>\u00a0The dollar was falling and tested the 91.7 region before reboundinglightly.\u00a0Investors seem to have recognized that the Fed just wanted to signal thatwas ready to deal with the rise in inflation, without taking any steps to remove thestimulus from the crisis period<\/p>\n\n\n\n

Commodities<\/strong><\/p>\n\n\n\n

Gold:<\/strong>\u00a0In slight decline, gold remained below USD 1780, remaining closefrom its lowest level in 7 weeks, reached on June 17th.<\/p>\n\n\n\n

Indexes<\/strong><\/p>\n\n\n\n

Wall Street:<\/strong>\u00a0Both the Nasdaq and the S&P 500 renewed record highs in sessiontoday, while the Dow Jones was up over 300 points or nearly 1%.US officials continue to minimize the risk of rising inflation andneed to tighten monetary policy.\u00a0Treasury Secretary Yellennoted that inflation in the US is expected to retreat by the end of the year from its current levelhigh, as the problems with the offer are resolved, while the presidentThe Fed’s Powell says he won’t raise interest rates anytime soon to support theeconomy.<\/p>\n\n\n\n

Europe:<\/strong>\u00a0In Europe, the indices closed sharply higher, supported by stocks in the market.technology and better-than-expected economic data and commentarydovish<\/em>\u00a0of the president of the\u00a0Bank of England<\/em>\u00a0.\u00a0The morale of German businessmen rose inJune to its highest level since November 2018, signaling that the economyis gaining traction following the lifting of some restrictions related to COVID-19.Meanwhile, the Bank of England has left monetary policy unchanged, saying thatthe recent rise in consumer prices should be temporary and reassuringinvestors of their support for the economy.\u00a0The DAX 30 rose nearly 1% to close above thelevel of 15,580.\u00a0Other important indices closed higher between 1.3% and more than 2%<\/p>\n\n\n\n

News<\/strong><\/p>\n\n\n\n

United States GDP Growth Rate:<\/strong>\u00a0The US economy grew by6.4% in the first quarter, in line with the second estimate and following an expansion4.3% in the previous three-month period.\u00a0On the production side, the producing industriesof private goods grew 5.4%, led by computer and electronic products,manufactured metal products and machinery.\u00a0The service production sectorsprivate companies increased by 7.7%, led by data processing, publication in theInternet and other information services, and the government grew by 0.2%.\u00a0Analysts see theeconomy expanding about 9% in the second quarter, although the growingpressures on prices are already weighing on some sectors, such as the marketreal estate.<\/p>\n\n\n\n

United States Initial Jobless Claims:<\/strong>\u00a0The number of Americans who filed newclaims for unemployment insurance dropped to 411,000 in the week ended June 19,of 418 thousand revised in the previous period;\u00a0the expectations however were of 380 thousand.\u00a0Ototal number of applicants remained close to the lowest levels since the beginning.pandemic hit earlier this month as broader reopenings ofbusiness boosted economic activity and demand for labor.\u00a0At theHowever, employers across the country have complained about the difficulty of hiring,citing the continuing shortage of labor due to greater benefits,concerns about COVID-19 and the demand for day care centers.\u00a0Meanwhile, the reportthis week will reflect the first period of the survey after the early elimination offederal unemployment benefits in many states.\u00a0On June 12, Alaska, Iowa,Missouri and Mississippi became the first states to reduce federal support before theofficial expiry date of September.<\/p>\n\n\n\n

Source:https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Forex EURUSD:\u00a0Backed by hopes of a solid economic recovery amidPrivate sector activity data showing the biggest expansion in 15 years, effortsfor reopening and rapid pace of vaccinations, the euro held up above 1.19 in thisThursday.\u00a0Among the largest economies in the bloc, the activity of the private sector in theGermany had its biggest growth in more […]<\/p>\n","protected":false},"author":2,"featured_media":1333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1462","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1462"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1462\/revisions"}],"predecessor-version":[{"id":1463,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1462\/revisions\/1463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1333"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}