Source: Bureau of Labor Statistics The United States opened 2022 with lower job openings, as hires and separations increased in January. Total openings for January stood at 11.263 million, lower than the 11.448 million in December but higher than the 7.232 million the same month in 2021.The private sector accounted for 10.234 million, with the highest in education and … [Read more...] about US Openings Decline in January as Hires and Separations Climb
China’s Factory Inflation Slows to 8.8% in February
Source: National Bureau of Statistics of China China’s factory inflation in February falls to the lowest annual rate in eight months. CSI 300 Index down -0.92% , CNY USD down -0.01% The producer price index (PPI) rose 8.8% on the year, dropping from 9.1% expansion in January, but was higher an estimate of 8.7% from a Reuters poll.Many Chinese factories stopped operations … [Read more...] about China’s Factory Inflation Slows to 8.8% in February
Mortgage Rates Fall for the First Time in 12 Weeks
Source: CNBC Mortgage rates slipped and ended the months of successive increases, following the rising tensions between Russia and Ukraine drove a run on the safer bond markets. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 4.09% from 4.15%.Points for loans with a 20% was unchanged at 0.44, with the rate at 83 … [Read more...] about Mortgage Rates Fall for the First Time in 12 Weeks
Solana SOL (SOLUSD) Down 60% but Bounce Back Looms
Solana SOL bounce back looms.Adobe’s Behance adds support for Solana-based NFTs.Solana Pay affirms SOL utility. Solana has taken a significant beating if a 60% plus pull back from all-time highs is anything to go by. The crypto has been edging lower since late last year, a move accelerated by the broader cryptocurrency sector turning bearish. SOLUSD technical … [Read more...] about Solana SOL (SOLUSD) Down 60% but Bounce Back Looms
USDJPY and USDCHF Remain Bullish Amid Dollar Strength Awaiting US CPI Data
US dollar strength persists.USDJPY is near five-year highs.USDCHF steadies amid dollar strength. Dollar strength remains the central theme in the Forex market, with market participants turning to the greenback amid the ongoing geopolitical tensions in Europe. The dollar has already strengthened to 22-month highs against the majors. While the Japanese yen and Swiss franc … [Read more...] about USDJPY and USDCHF Remain Bullish Amid Dollar Strength Awaiting US CPI Data
