Source: US Department of Labor Unemployment claims in the United States declined for the second straight week to the lowest level in 52 years. DXY is up 0.24%, while Gold is up 0.24%. Initial claims for the week ending March 19 fell by 28,000 to 187,000 from the previous week’s upward revised 215,000.the latest reading is the lowest for initial claims since the level … [Read more...] about US Jobless Claims Plunge to 52-Year Low
USA
US New Home Sales Nosedives 2% in February 2022
Source: Census Bureau The sales of existing single-family houses were posted at an annual rate of 772,000 in February, down by 2.0% from the previous year. SPY is down -0.42%, DXY is up +0.28%. The home sales have now fallen for the second straight month, with high prices and an uptick in mortgage rate seen to drive away prospective buyers. The home sales are now … [Read more...] about US New Home Sales Nosedives 2% in February 2022
US Yield Curve Falls to Flattest in Over Three Years Against UK Counterpart
Source: Bloomberg The US yield curve was the flattest in over three years versus its counterpart in the United Kingdom, with the Federal Reserve adopting a more hawkish stance than in its British counterpart. QQQ is up 0.09%, while EWU is up 0.27%. Yields on the 10-year bonds in the United Kingdom grew by 10 basis points, stretching the gap with the two-year bonds to 31 … [Read more...] about US Yield Curve Falls to Flattest in Over Three Years Against UK Counterpart
American Existing-Home Sales Slip by 7.2%
Source: National Association of Realtors Existing-home sales in the United States fell in February, with prices impacting the ability of prospective buyers to make acquisitions. XHB is down 0.65%, and ITB down 0.63%. Seasonally adjusted existing-home sales stood at 6.02 million in February, down 7.2% from the month earlier and 2.4% from the same month in the previous … [Read more...] about American Existing-Home Sales Slip by 7.2%
US Housing Starts Climb to Historic 1.769 Million in February
Source: US Census Bureau Housing starts in the United States posted a strong rebound in February, even as permits issued posted a contraction during the month. XHB is up 0.24%, while ITB is up 0.14%. Seasonally adjusted privately-owned housing starts stood at 1.769 million, up 6.8% from January’s 1.657 and 22.3% higher than February 2021’s 1.447 million.Single-family … [Read more...] about US Housing Starts Climb to Historic 1.769 Million in February
