Source: US Labor Department US unemployment claims retreated in the last week of March, following the increase recorded in the previous week. DXY is down 0.04%, while Gold is up 0.34%. Seasonally adjusted initial claims fell by 5,000 to 166,000 from the previous week’s downward revised 171,000.The latest reading is equivalent to claims recorded in the week ending March … [Read more...] about US Unemployment Claims Fall Back to 166,000
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US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
Source: MarketScreener The United States has banned Americans from putting investments in Russia, as part of its new sanctions for its invasion of Ukraine. QQQ is down 2.45% The new measures zero in on Sberbank, which accounts for a third of Russia’s total banking assets, along with Alfabank.The measures also impose sanctions on Russian President Vladimir Putin’s adult … [Read more...] about US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions
US Home Refinancing Plunges to Three-Year Low as Rates Jump
Source: MBA A measure of applications to refinance a US home edged down last week to a three-year low, and filings to buy property fell by the most since mid-February as mortgages rate continued to surge. DXY down-0.02%, EURUSD up +0.09% The Mortgage Bankers Association’s refinancing index plummeted 9.9% in the week ended April to 1,166.3. The group’s measure of purchases … [Read more...] about US Home Refinancing Plunges to Three-Year Low as Rates Jump
US Business Activity Posts Biggest Growth So Far in 2022
Source: Markit Economics Business activity in the United States picked up in March from the previous month, marking the biggest growth so far this year. QQQ is down 1.33%. The seasonally adjusted final S&P Global US Services PMI Business Activity Index stood at 58.0 in March, higher than the 56.5 in March but below the earlier estimate of 58.9.Firms attributed the … [Read more...] about US Business Activity Posts Biggest Growth So Far in 2022
US Trade Deficit Little Changed at $89.2 Billion in February
Source: Bureau of Economic Analysis The US posted a less than $0.1 billion decline in international goods and services deficit in February 2022, with the balances little changed at -$89.2 billion. SPY is down -0.35%, DXY is up +0.17%. Total exports and imports both improved by a monthly $4.1 billion to $228.6 billion and $317.8 billion, respectively, in February.Goods … [Read more...] about US Trade Deficit Little Changed at $89.2 Billion in February
