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US job openings gained to 10.9 million in December, according to JOLTS data published Tuesday above forecast of 10.3 million openings. Some 4.3 million Americans quit, down from November’s record high but still exceeding the pre-crisis average.Openings rose the most in the accommodation and food services sector, with businesses listing …

St Louis Fed President James Bullard on Tuesday said that he thinks it an open question whether the Fed will have to become more restrictive (i.e. raise rates above the “neutral” 2.0%-2.5% zone). Additional Quotes:“We will be able to assess our position in a few months’ time.”“I think it’s premature …

The latest trend in day-to-day stock market index trading looks to be the Nasdaq filling deep holes dug in the previous month while the Dow and S&P 500 basically tread water. Certainly, this is what’s happening this morning: The Dow is -3 points and the S&P 500 -2, while the …

The US dollar stabilizes during the American session, as the DXY trims losses. The XAU/USD fails to breaks $1810, remains above $1800.Gold peaked on European hours at $1809 and then lost strength. It pulled back following the release of US economic data to $1797 and then rose back above $1800. …

Oil prices have continued to trade close to multi-year highs and within recently established ranges on Tuesday, with front-month WTI futures undulating between lows in the $86.00s and highs in the $88.00s. At current levels just above $88.00 per barrel, WTI is trading flat on the day and is less …

Atlanta Fed President Raphael Bostic said on Tuesday that there is a “real danger” of inflation expectations drifting from the Fed’s 2.0% target to 4% or higher. If current levels of Fed support are left in place, he added, it could fuel more inflation and thus warrant action “soon” to …

US manufacturing sector slowed in January; but employment surged. A measure of US manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 infections, supporting views that economic growth lost steam at the start of the year.The Institute for Supply Management (ISM) said on Tuesday that …

ISM Manufacturing PMI fell to its weakest since November 2020 in January at 57.6. The Employment subindex hit its highest since last March. According to a survey compiled by the Institute of Supply Management, US Manufacturing PMI fell to 57.6 in January from 58.7 in December. That was a little …

The DXY Index has remained on the defensive territory in the low-96.00s as US bond yields remain largely range bound on Tuesday.Sellers are still in control of the sentiment around the US dollar and drag the American currency’s Index (DXY) to new 4-day lows in the 96.25/20 band.The US dollar …

There were no strong market drivers during the European session. Gold prices rose on Tuesday above the key $1800 level, with increased investment demand, further supported by a weak dollar and falling Treasury yields. By 1323 GMT, the price of gold in spot transactions rose 0.5% to $1,805.43 an ounce. …