Source: Bloomberg Natural gas for delivery in August surged to the highest level in 31 months, driven by supply concerns that could come in the remaining months of 2021. UNG is down 0.22%, while KOLD is up 0.28% premarket. Natural gas futures for delivery in August climbed to $4 per million British thermal units. This is the highest in 31 months since December 2018.Global … [Read more...] about Natural Gas Prices Are The Highest Since December 2018
Forex News
UK Retail Sales Increase by 0.5% Backed by the Euro 2020 Spending
Source: Office for National Statistics. Retail sales in the UK staged a slight recovery in June, rising 0.5% from the previous month when sales dropped 1.4%, following a surge in people going out as pubs, bars, and restaurants reopened. FTSE 100 Index gains +0.76%. Sales were boosted by a 4.2% increase at food stores as people purchased more food and drink during the … [Read more...] about UK Retail Sales Increase by 0.5% Backed by the Euro 2020 Spending
Sales of Previously Owned Homes Increases by 1.4% After 4-Straight Months of Declines
Source: National Association of Realtors. Sales of existing homes increased by 1.4% in June month-to-month after four straight months of declines to a seasonally adjusted annualized rate of 5.86 million units. EURUSD down -0.20%, DJI dips -0.19%. Sales were 22.9% higher compared with June 2020. The annual comparison is still slightly skewed towards pandemic restrictions … [Read more...] about Sales of Previously Owned Homes Increases by 1.4% After 4-Straight Months of Declines
US Mortgage Rates Fall For Fourth Straight Week
Source: Freddie Mac US mortgage rates declined for the fourth straight week to mark the lowest level in over five months, as COVID-19 concerns hit economic growth. VNQ is down 1.03%, while SCHH is down 1.07%. The 30-year fixed-rate mortgage averaged 2.78% for the week ending July 22. This is the lowest since February 11’s 2.73%.The 15-year fixed-rate mortgage stood at … [Read more...] about US Mortgage Rates Fall For Fourth Straight Week
American Unemployment Claims Climb More Than Expected to Hit Two-Month High
Source: US Labor Department US jobless claims climbed more than expected in the past week, hitting the highest level in two months. DXY is down 0.15%, while Gold is down 0.03%. Seasonally adjusted initial claims increased by 51,000 to 419,000 in the week ending July 17. This is above the 350,000 expected, and the highest since May 15’s 444,000.The previous week’s level … [Read more...] about American Unemployment Claims Climb More Than Expected to Hit Two-Month High
