Source: Bloomberg US mortgage rates climbed amid the growth of prices and purchasing power weakening with the continued inflationary uptick, marking the first upward movement in three weeks. XHB is down 1.88%, while ITB is down 1.74%. The average rate for the 30-year loan grew to 3.85% from 3.76% in the past week, according to Freddie Mac.The housing market is set to … [Read more...] about US Mortgage Rates Up for First Time in Three Weeks
US Jobless Claims Make a U-Turn, Rises by 11,000
Source: Department of Labor The US recorded 227,000 jobless claims in the week that ended March 5, up by 11,000 from the previous week. SPY is down -0.82%, DXY is up +0.38%. On a four-week moving average, the jobless claims increased by 500 to 231,250.The continuing claims increased by 25,000 to 1.494 million in the week to February 26. The claims fell by 31,250 to … [Read more...] about US Jobless Claims Make a U-Turn, Rises by 11,000
ECB Accelerates Bond Buys as Ukraine Crisis Heightens Inflation Outlook
Source: European Central Bank The European Central Bank has said it will cut its asset purchases to 40 billion euros in April and further down to 30 billion euros and 20 billion euros in May and June, respectively. DAX is down -2.97%, EURUSD is down -0.57%. The move set the path for a quicker reduction in ECB’s bond-buying after, last month, saying it will repurchase 40 … [Read more...] about ECB Accelerates Bond Buys as Ukraine Crisis Heightens Inflation Outlook
Inflation Soars to 40-Year High as Energy Prices Surge
Source: Bureau of Labor Statistics US inflation accelerated to its highest level in nearly four decades in February, driven mainly by the surge in energy prices during the month. Annual inflation clocked in at 7.9% in February, the fastest level since January 1982.Core inflation stood at 6.4%, the highest since August 1982, with the energy index up 25.6% and the food … [Read more...] about Inflation Soars to 40-Year High as Energy Prices Surge
The Fear & Greed Index in Crypto
Technical and fundamental analysis are the most widely known evaluation strands in virtually all financial markets, including cryptocurrencies. However, a third avenue that’s not explored enough is sentiment, which can sometimes explain price movements that technicals and fundamentals cannot. Many experts believe that most of the moves we see on the charts result from human … [Read more...] about The Fear & Greed Index in Crypto
