Source: US Labor Department American unemployment claims declined for the first time so far this year, following three straight weeks of increases. DXY is up 0.65%, while Gold is down 1.03%. Seasonally adjusted initial claims for the week ending January 22 stood at 260,000, down 30,000 from the previous week’s revised level of 290,000.The four-week moving average … [Read more...] about US Jobless Claims Drops for First Time in 2022
Forex News
German Consumer Confidence Poised to Stabilize in February
Source: GfK German consumer confidence is likely to stabilize in February, indicating an improvement even amid the concerns over inflation. EWG is up 0.09%. The consumer sentiment is expected to decrease by -6.7 in February, up from -6.9 in January. This compares with -1.8 in December and -7.5 in January 2021.GfK Consumer Expert Rolf Bürkl said consumers are optimistic as … [Read more...] about German Consumer Confidence Poised to Stabilize in February
ECB Question Banks on Russia Exposure With Heightened Tensions
Source: FT The European Central Bank caution lenders with huge exposure to Russia to prepare themselves for international sanctions against the country if Putin invades Ukraine. Euro Stoxx 50 down -0.28%, EUR USD down -0.66% The warning from the EBC comes as the US cautioned that Russia would suffer “massive consequences” if it sent soldiers into Ukraine.Sanctions would … [Read more...] about ECB Question Banks on Russia Exposure With Heightened Tensions
US Crude Inventories Jump to 416.2 Million Barrels
Source: EIA Commercial crude oil inventories in the United States posted a rebound as refinery inputs grew while imports declined. Inventories for the week ending January 21, 2022, grew by 2.4 million barrels to 416.2 million barrels. This is 8% lower than the moving five-year average.Weekly increases were recorded in inventories of motor gasoline, finished gasoline and … [Read more...] about US Crude Inventories Jump to 416.2 Million Barrels
US New Home Sales Jump to Nine-Month High
Source: US Census Bureau New home sales in the United States climbed to a nine-month high in December 2021, as prices fell for the second straight month. XHB is up 1.67%. New home sales for the month stood at 811,000, up 11.9% from 725,000 in November but -14.0% lower than the 943,000 recorded in December 2020.The latest reading is the highest in nine months since new … [Read more...] about US New Home Sales Jump to Nine-Month High
