Source: Bureau of Economic Analysis The US posted an annual 7.0% increase in the gross domestic product in the fourth quarter of 2021, meeting estimates. The increase was higher than a gain of 2.3% in the third quarter. SPY is down -2.51% on premarket, DXY is up +1.16%. The rise in real GDP reflected gains in exports, private inventory investment, PCE, and … [Read more...] about US GDP Jumps by 7.0% In the Fourth Quarter, the Same as Expected
US Unemployment Claims Make Biggest Drop in Three Weeks
Source: US Labor Department Jobless claims in the United States declined in the third week of February, marking the steepest drop in three weeks. DXY is up 1.08%, while Gold is up 2.62%. Seasonally adjusted initial claims for the week ending February 19 stood at 232,000, reflecting a 17,000 drop from the previous week’s upward revised level of 249,000.The latest decline … [Read more...] about US Unemployment Claims Make Biggest Drop in Three Weeks
How Markets Reacted to Russian Attack on Ukraine – Rouble Plunges to a Record Low
Source: WSJ The Russian rouble fell to a record low of 89.99 against the dollar, as global markets saw inflows into safe-haven assets following renewed fears over Moscow’s invasion of Ukraine. USDRUB is up +2.97%. The record low trading of the Russian currency happened after the Moscow Exchange lifted a trading halt that was imposed earlier in the day. MOEX stock … [Read more...] about How Markets Reacted to Russian Attack on Ukraine – Rouble Plunges to a Record Low
Why Cardano Slumped Below $1 and What the Future Prediction for ADA Holds
Cardano tanks below $1Risk-off mood weighing heavily on CardanoCardano blockchain upgrade It's been a rough year for Cardano, going by the deep pull back from record highs of $3 a coin registered in September of last year. The coin has shed more than 70% in market value and is currently flirting with one-year lows with no reprieve in sight. Cardano has underperformed the … [Read more...] about Why Cardano Slumped Below $1 and What the Future Prediction for ADA Holds
Mortgage Applications Fall to Two-Year Low as Rates Continue to Increase
Source: Mortgage Bankers Association Mortgage applications declined to a two-year low in the past week, as mortgage rates climbed higher. XHB is up 0.84%, while ITB is up 0.34% The Market Composite Index for the week ending February 18, 2022 fell by 13.1% to mark the lowest level since December 2019.The Refinance Index declined by 16% from the previous week, and by 56% … [Read more...] about Mortgage Applications Fall to Two-Year Low as Rates Continue to Increase
