There were 213,000 initial jobless claims in the week ending September 17, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 208,000 (revised from 213,000) and came in better than the market expectation of 218,000. Further details …
Read More »US: Weekly Initial Jobless Claims decline to 213K
There were 213,000 initial jobless claims in the week ending September 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 218,000 (revised from 222,000) and came in better than the market expectation of 226,000. the advance …
Read More »GBP/USD touches fresh weekly highs
The GBP/USD pair edged higher for the second successive trading day, the pair is now testing the 20-day SMA. The pair is rising on Monday and during the American session climbed to 1.1709, reaching the highest level since August 30. The pair has also been holding onto daily gains. In …
Read More »US: Weekly Initial Jobless Claims decline to 222K
here were 222,000 initial jobless claims in the week ending September 3, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 228,000 (revised from 232,000) and came in better than the market expectation of 240,000. Further details …
Read More »US Private Payrolls Grew Below Expectation in August
Private sector companies added only 132,000 jobs in August. The latest ADP reading, released on Wednesday, indicates a slower pace of hiring after months of robust strong growth in the labour market. August’s reading is far below market expectations standing at 225,000 jobs. There is a shaded zone on the …
Read More »Gold stabilizes as investors await the Federal Reserve’s speech
Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far …
Read More »Gold climbs as traders expect hawkish Powell speech
Gold price advances almost 0.30% on Thursday, courtesy of an upbeat sentiment and overall buck’s weakness. Investors still digest mixed US economic data, released ahead of Powell’s speech.Fed officials expect a 50 or 75 bps rate hike at the next meeting; awaiting September’s data. Gold Price trades in the green …
Read More »Fed’s Bullard: Rates aren’t high enough now
Federal Reserve’s president and CEO of the Federal Reserve Bank of St. Louis James Bullard: in a CNBC interview has said rates aren’t high enough now.Meanwhile, Fed funds futures traders are pricing in a 59% chance that the Fed will hike rates by another 75 basis points at its September …
Read More »Weekly Initial Jobless Claims decline to 243K
There were 243,000 initial jobless claims in the week ending August 20, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 245,000 (revised from 252,000) and came in better than the market expectation of 253,000. Further details …
Read More »Fed’s Bowman: Labour market continues to be strong
Fed Reserve Governor Michelle Bowman said on Wednesday that US labour market is still robust, the recovery of the service sector, and more fully open schools and childcare centres will bring more women back to the workforce.Bowman also mentioned that the US “continues to see strong employment gains and low …
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