Source: Department of Labor US jobless claims were 184,000 in the week that ended December 4, down 43,000 from the previous week and below the estimated 215,000. The claims have been at the lowest since September 1969. DXY is up +0.23%, SPY is down -0.15%. On a four-week moving average, US jobless claims fell by 21,250 to 218,750. The claims were at the lowest since … [Read more...] about Jobless Claims Fall by Higher than Expected 43,000 to Mark the Lowest Since 1969
Forex News
China’s Record-High Inflation Falls Slightly to 12.9% November
Source: National Bureau of Statistics of China China’s factory-gate inflation eased slightly in November, after a government crackdown on surging commodity prices and an easing power shortage. CSI 300 up +1.66%, CNY USD down -0.27% The producer price index surged 12.9% in November, slower than October’s record-high of 13.5% but faster than the analysts’ estimate of … [Read more...] about China’s Record-High Inflation Falls Slightly to 12.9% November
US Job Openings Up in October as Hires Retreat
Source: Bureau of Labor Statistics American job openings climbed in October, as total hires for the month retreated while separations declined. Job openings for the month climbed by 431,000 to 11.033 million, up from 10.62 million in September and 6.873 million in 2020. The job openings rate was little changed at 6.9%. The biggest increases were seen in … [Read more...] about US Job Openings Up in October as Hires Retreat
Japan Trims Third-Quarter Economic Growth Figures
Source: Cabinet Office Japan’s third-quarter economic growth was revised lower to reflect the impact of the COVID-19 pandemic and the global chip shortage during the period. EWJ is down 0.12%. The third-quarter contraction was revised to 3.6%, reflecting a steeper decline than the 3.0% the Cabinet Office reported earlier.The latest figure is worse than economists’ … [Read more...] about Japan Trims Third-Quarter Economic Growth Figures
EURUSD Bulls Eye 1.1300 On Dollar Softness as USDCAD Tanks on Oil Spike
US dollar under pressure at 16-month highsEURUSD bounces back on dollar softnessUSDCAD under pressure on rising oil prices The US dollar came under pressure Wednesday morning, pulling back against the majors after recent rallies to 16-month highs. Weakness on the greenback comes amid an uptick in risk appetite amid easing fears over the potential impact of the Omicron … [Read more...] about EURUSD Bulls Eye 1.1300 On Dollar Softness as USDCAD Tanks on Oil Spike
