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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…
Gold Sharply Higher as Data Disappoints and the Dollar Eases
The gold market is seeing some strong buying in early action today as the dollar index weakens and some key data points potentially point to slowing growth. The yellow metal is…
ADP Reports 227,000 New Private Sector Jobs
The ADP reports that 227,000 new jobs in the private sector were created in October, much higher than polled expectations. The September total was revised down from 230,000 to…
Mortgage Applications Down 2.5%
Mortgage applications fell 2.5% last week compared to the previous week, with the overall yearly volume down 16%. According to to the Mortgage Bankers Association report…
Chicago PMI Falls to Six Month Low
According to tradingeconomics.com, the latest reading of the Chicago Purchasing Manager’s Index, or PMI,…
Consumer Spending Strong in September Despite Income Gains Slowdown
Spending increased in September despite a slowdown in income gains growth resulting in the lowest savings rate of the year. Inflation is on target as per the Federal Reserve…
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