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
Forex News
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
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
Eurozone Inflation Accelerates to Record-High 5.1% in January
Source: Eurostat Inflation in the eurozone climbed to an all-time high of 5.1% in January, driven mainly by higher energy and services prices during the month. EWG is up 0.95% premarket. The euro area annual inflation accelerated to 5.1% in January, up from 5.0% in December and 0.9% in January 2021.The European Union inflation clocked in at 5.6%, faster than the 5.3% in … [Read more...] about Eurozone Inflation Accelerates to Record-High 5.1% in January
Germany’s Consumer Confidence Jumps, But Income Outlook Declines
Source: Growth from Knowledge German consumer confidence climbed for the second straight month in February, but income outlook and buying propensity posted declines from January. EWG is up 1.05% premarket. The consumer sentiment indicator jumped to 24.1, up 1.3 points from the previous months and nearly 16 points from the same month in 2021.The growth comes as consumers … [Read more...] about Germany’s Consumer Confidence Jumps, But Income Outlook Declines
