Source: US Labor Department American unemployment claims declined further to mark the lowest level since the COVID-19 pandemic hit for the second consecutive week. DXY is down 0.06%, and Gold is down 0.06%. Seasonally adjusted initial claims for the week ending September 4 fell by 35,000 to 310,000. This is the lowest since claims were at 256,000 on March 14, 2020.The … [Read more...] about Unemployment Claims Fall to Pandemic-Low for Second Straight Week
Forex News
Robert Kaplan Among Most Aggressive Traders Out of Fed Officials in 2020
Source: WSJ Federal Reserve Bank of Dallas President Robert Kaplan was among the most aggressive in stock trades with multiple holdings valued over $1 million, versus his peers who were more conservative with their moves. BABA is down 1.24%, GOOG up 0.34%, AAPL up 0.34%, AMZN up 0.04%, BA up 1.99%, CVX up 1.02%, FB up 0.37%, and MPC up 1.47%. Disclosures indicate that … [Read more...] about Robert Kaplan Among Most Aggressive Traders Out of Fed Officials in 2020
Coal, Metal Prices Drive China’s Factory Inflation to 13-Year High
Source: National Bureau of Statistics Chinese producer prices growth accelerated to a 13-year high in August due to hikes in coal, chemicals, and metal prices, but economists believe this may already be the peak. MCHI is down 1.65%. The producer price index climbed 9.5% in August versus 9.0% the previous month. This is the biggest growth in 13 years since August 2008.The … [Read more...] about Coal, Metal Prices Drive China’s Factory Inflation to 13-Year High
US Job Openings Hits a Record 10.9M in July to Post a 12-Month Net Gain
Source: Bureau of Labor Statistics US job openings reached an all-time high of 10.9 million on the last business day of July, an uptick of 6.9%. SPY is down -0.40%, DXY is up +0.23%. Healthcare and social assistance recorded the largest jump in job openings at 294,000. Finance and insurance posted 116,000 new jobs, while food services and accommodation recorded 115,000 … [Read more...] about US Job Openings Hits a Record 10.9M in July to Post a 12-Month Net Gain
Oil Futures Climb Over $69 as Production Continues to Reel from Hurricane Ida
Source: Bloomberg Oil prices for future deliveries climbed as the market took into consideration the impact of Hurricane Ida, which continues to hit American production. WTI is up 1.81%, while Brent is up 1.55% Futures breached $69 a barrel, as nearly 80% of the US Gulf of Mexico output remained shut a week after Hurricane Ida hit.Regional grades such as the Mars Blend … [Read more...] about Oil Futures Climb Over $69 as Production Continues to Reel from Hurricane Ida
