The number of new applications for unemployment insurance in the United States rose more than expected last week in the latest sign of a slowdown in the US labor market, while the previous reading was revised much higher after a broad change in the estimate models used by the Labor …
Read More »Market Drivers – US Session 30/03/2023
Oil futures turned bullish on Thursday’s US session, driven by the improvement in risk appetite and the emergence of expectations that OPEC + will keep its production policy unchanged, adopting the same levels of increased production. US oil futures rose to $74.24 a barrel, compared to the previous daily closing …
Read More »GBP/USD surges towards the psychological 1.24 level
The 1.24 region is the target for the bulls in the GBP/USD market. The most important US inflation data will be released on Friday for traders. The GBP/USD exchange rate was last up 0.65% at 1.2391 after fluctuating between a low of 1.2293 and a high of 1.2392. at the …
Read More »U.S. weekly jobless claims climb to 198,000
According to Labor Department figures released on Thursday, more Americans than anticipated last week filed for jobless benefits. Initial jobless claims that were seasonally adjusted for the week that ended on March 25 increased to 198,000 from an unrevised number of 191,000 the previous week. According to economists’ predictions, the …
Read More »US: Weekly Initial Jobless Claims jump to 264K
The US Department of Labor (DOL) released its weekly figures on Thursday, showing that there were 191,000 new claims for unemployment benefits during the week ending March 18. This print exceeded the market forecast of 201,000 and followed the previous week’s print of 192,000. The advance seasonally adjusted insured unemployment …
Read More »Weekly Initial Jobless Claims decline to 192K
There were 192,000 initial jobless claims in the week ending March 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 212,000 and came in better than the market expectation of 205,000. Further details of the publication …
Read More »Market Drivers – US Session 09/03/2023
During the American session, US yields decreased even more. US 2-year yields decreased to 4.95% and 10-year yields to 3.92%. The US Dollar suffered from the falling rates. The DXY dropped to 105.20 for the second day in a row. The retreat of the Greenback is still a correction from …
Read More »US: Weekly Initial Jobless Claims rise to 211K
The US Department of Labor (DOL) reported 211,000 initial unemployment claims in the week ending March 4, according to weekly statistics released on Thursday. This print follows the previous week’s print of 190,000 and was lower than the market forecast of 195,000. The advance seasonally adjusted insured unemployment rate was …
Read More »UK says financial reforms will be within same ‘orbit’ as EU, US
To minimise disruption to global corporations, Britain’s updated financial market laws will be broadly aligned with US and European Union standards, according to financial services minister Andrew Griffith on Thursday. Britain exited the EU in 2020 and has subsequently suggested the “Edinburgh Reforms” in response to efforts to strengthen the …
Read More »Market Drivers – US Session 02/03/2023
Following US economic data and rising US yields, the American currency reversed previous losses and managed to gain some strength. Even in the face of a late Wall Street rally, the dollar continued to gain ground. The 30-year yield rose beyond 4%, and the 2-year reached new multi-year highs at …
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