Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Greek current account deficit extends in May
In May, Greece's current account deficit edged up, compared to the same month last year because of wider trade as well as primary income gaps, as the Bank of Greece reported on Friday.
The data demonstrated that the deficit accounted for 582 million euros, compared to 457 million euros posted in May 2016. As for tourism revenues, they rallied moderately from 1.075 billion to 1.094 billion euros.
A year-on-year soar of up to 137 million euros in the deficit of the balance of Greece goods turned to be mainly attributable to a leap in the deficit of the non-crude balance of the country’s goods as the Bank of Greece informed.
Additionally, non-crude exports of goods managed to grow 15.3%, while crude exports rose 17.5% at constant prices, as the key bank told.
A 111 million euro ascend in the major income account deficit was mostly caused by lower net interest, not to mention dividend as well as revenue receipts.
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!