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Consumer Sentiment in U.S. Remains High After Modest Pullback
US consumer sentiment continued to hold firm in the face of midterm election uncertainty in October, although the University of Michigan Consumer Sentiment Index showed a mild…
Gold Drops Over 1% as October PPI Shows Six Year High in Producer Prices
October saw the highest wholesale inflation in six years with higher gas prices and costs for business equipment and machinery seeing significant increases.
Key…
U.S. Mint Bullion Sales Figures for the Month of October
The US Mint issues millions of gold and silver bullion coins every year, which are sold through authorized dealers around the country.
A key metric of current gold…
FOMC Meeting Results in No Rate Hike for Now
The Federal Open Market Committee met expectations by voting to maintain the federal funds range within the 2 - 2.25% range in a unanimous decision in today’s meeting.
…
Initial Jobless Claims Fell Last Week, Held at 45-Year Low
The US labor market continues to tighten as last week’s report from the Labor Department shows that initial jobless claims fell slightly from the previous week.
Key…
Mortgage Applications Drop 4%, Interest Rates Highest in 8 Years
The Mortgage Bankers Association released their data for mortgage applications of the week ending November 02. The report reveals more challenges for the housing market with…
Job Openings Drop to 7 Million, Employment Still Rising
The US Bureau of Labor Statistics released September’s JOLTS survey which helps measure US jobs vacancies in multiple sectors by surveying employers about recruitment, hires,…
All Eyes on the Midterms
The highly anticipated midterm elections have now arrived, and the results could potentially have a major impact on financial markets. Gold is trading slightly lower in early…
ISM Non-Manufacturing PMI Registers 1% Lower Than Forecast
The Institute of Supply Management (ISM) released a new report on the Non-Manufacturing Purchasing Manager’s Index which gives an insight into the state of the non-…
The Market Week Ahead: November 5 – November 11
Happy Monday, traders.
What looks at first glance like a potentially frenetic week on the data and headline calendar is actually setting up to be rather subdued. The big…
Nonfarm Payrolls up an Unexpected 250,000 Positions
Nonfarm payroll employment increased by 250,000 in October, greatly surpassing the predicted increase. The US Bureau of Labor Statistics says the unemployment rate is unchanged…
New Jobless Claims Lowest Since 1973
New applications for unemployment aid fell last week to the lowest level since 1973 after dropping 2,000 cases from 16,000 to 214,000.
Key Takeaways
- The…
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