Source: ADP Private sector employment growth fell to a seven-month low in March, with the services sector accounting for most of the jump during the month. QQQ is down 0.41%. Total US nonfarm private employment climbed y 455,000 in March, lower than 486,000 in February and 894,000 in March 2021.The latest reading is the lowest increase in seven months since private … [Read more...] about US Private Sector Growth Slips to Lowest in Seven Months
Forex News
Eurozone, EU Economic Sentiment Slip Further as Confidence Drops
Source: Eurostat Economic sentiment slipped further in both the eurozone and the European Union in March, dragged by the decline in consumer and industry confidence during the month. EZU is down 1.45%, while VGK is down 0.85% premarket. The Economic Sentiment Indicator in the EU dropped by 5.3 points to 107.5, and in the eurozone by 5.4 points to 108.5.The decline comes … [Read more...] about Eurozone, EU Economic Sentiment Slip Further as Confidence Drops
US Economy Is Unlikely to Plunge into Recession Despite Fed Rate Hikes, Says JPMorgan Kolanovic
Source: Markets Insider Investors should be concerned about yield curve inversion and Fed rate hikes but do not point to a recession in the US economy, according to JPMorgan’s Marko Kolanovic. DXY down -0.81%, EUR USD up +1.04% A yield curve inversion, where short-term interest rates are higher than longer-term interest rates, has historically signaled that the economy is … [Read more...] about US Economy Is Unlikely to Plunge into Recession Despite Fed Rate Hikes, Says JPMorgan Kolanovic
US Job Openings Slightly Down to 11.266M in February
Source: Bureau of Labor Statistics Job openings in the United States posted a slight decrease in February, with hires and separations recording modest increases during the month. QQQ is up 0.82%. Job openings stood at 11.266 million in February, down from 11.283 million in January and 7.860 million in the same month last year.The private sector accounted for 10.235 … [Read more...] about US Job Openings Slightly Down to 11.266M in February
Libor Grows Further to Hit 23-Month High of 1.006%
Source: Bloomberg The London Interbank Offered Rate for the greenback grew for the third straight session to breach 1% for the first time in nearly two years. DXY is down 0.82%. The Libor rate rose by roughly one basis point to 1.006%, hitting its highest level in 23 months since April 2020.The rate has already grown by some 50 basis points so far this month, as traders … [Read more...] about Libor Grows Further to Hit 23-Month High of 1.006%
