Tag Archives: Jobless Claims

The US dollar has been on the rise since the start of US trading on Thursday, fueled by signals from the Federal Reserve’s previous meeting. Additionally, weekly jobless claims continue to decline.The dollar index, which measures the performance of the US currency against major currencies, reached 104.97 points compared to …

In the face of geopolitical events and macroeconomic variables, the financial scene is nevertheless dynamic. Wall Street’s risk appetite persisted despite high rates, as evidenced by the performance of the Dow Jones Index and gold. While Bitcoin saw brief fluctuations, oil prices stayed steady. The US Dollar Index had a …

The number of Jobless Claims increased to almost 1.8 million for this week on Thursday’s data, and this is not exactly encouraging. Yet, the US Dollar Index is 0.32% up, above the 104.60 mark at the time of writing. Following a sharp decline, the dollar is maintaining modest gains on …

In the week ending May 11, the number of Americans filing for first-time unemployment benefits decreased to 222,000. While this was a decline from the upwardly revised figure of 232,000 in the previous week, it was slightly above economists’ expectations, who had forecasted a reading of 219,000.

Oil futures surged on Monday following Saudi Arabia’s decision to increase crude prices for most regions in June, coinciding with escalating tensions in the Gaza Strip, raising concerns about a broader conflict in the major oil-producing area. At 0852 GMT, Brent crude futures climbed by 73 cents, or 0.9 percent, …

The dollar was broadly stable on Monday, May 6, after a report showed a slowdown in job growth in the United States, and raised hopes that the US Federal Reserve would cut interest rates this year, while the yen fell after a wave of volatility resulting from what is believed …

The US Dollar Index, or DXY, was trading slightly higher at 105.80 earlier on Thursday. Despite cautious words made by Fed Chair Jerome Powell regarding inflation and its unclear future trajectory, the dollar saw a brief upward momentum. Weekly Jobless Claims data appear to be helping the dollar, which is …

The number of Americans filing new unemployment benefits remained low last week, indicating a tight labour market that should continue to support the economy in the second quarter. However, economists dismissed data from the Labour Department showing growth in worker productivity almost stalled in Q1, arguing that the trend in …

After the Fed kept interest rates constant as expected and Chief Powell ruled out an interest rate hike as the Fed’s next move, the US dollar gave up its gains on Tuesday with falling US yields across the curve.As US rates reversed following the FOMC meeting, the USD Index (DXY) …

Falling US Treasury yields and a declining US dollar have helped to dramatically boost gold prices. In an uncertain environment, mixed signals from labour data and producer inflation support gold. Fed officials’ concerns about inflation strengthen Gold’s appeal as a safe haven, influencing sentiment. The price of gold recovered its …