Source: US Labor Department US unemployment claims retreated in the last week of March, following the increase recorded in the previous week. DXY is down 0.04%, while Gold is up 0.34%. Seasonally adjusted initial claims fell by 5,000 to 166,000 from the previous week’s downward revised 171,000.The latest reading is equivalent to claims recorded in the week ending March … [Read more...] about US Unemployment Claims Fall Back to 166,000
Forex News
Retail Sales Increase by a Marginal 0.3% In Euro Area and EU in February
Source: Eurostat The Euro area and EU posted a marginal 0.3% increase in retail sales in February, compared to a gain of 0.2% and 0.5%, respectively, in January. DAX is up +0.45%, EURUSD is down -0.01%. In the euro area, retail sales rose the highest in the automotive fuels category at 3.2% and 0.8% in non-food products. The sales fell by 0.5% in the foods, drinks, and … [Read more...] about Retail Sales Increase by a Marginal 0.3% In Euro Area and EU in February
US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
Source: MarketScreener The United States has banned Americans from putting investments in Russia, as part of its new sanctions for its invasion of Ukraine. QQQ is down 2.45% The new measures zero in on Sberbank, which accounts for a third of Russia’s total banking assets, along with Alfabank.The measures also impose sanctions on Russian President Vladimir Putin’s adult … [Read more...] about US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
US Home Refinancing Plunges to Three-Year Low as Rates Jump
Source: MBA A measure of applications to refinance a US home edged down last week to a three-year low, and filings to buy property fell by the most since mid-February as mortgages rate continued to surge. DXY down-0.02%, EURUSD up +0.09% The Mortgage Bankers Association’s refinancing index plummeted 9.9% in the week ended April to 1,166.3. The group’s measure of purchases … [Read more...] about US Home Refinancing Plunges to Three-Year Low as Rates Jump
UK Construction Output Flat, Business Optimism Slips to 17-Month Low
Source: Markit Economics Construction output in the United Kingdom was unchanged in March from the previous month but remained at the fastest growth since June 2021. EWU is down 0.35% The Construction Purchasing Managers’ Index was recorded at 59.1 in March, unchanged from February. This is still the fastest growth since June last year.Respondents cited inflationary … [Read more...] about UK Construction Output Flat, Business Optimism Slips to 17-Month Low