Financial News

U.S. initial jobless claims fall below expectations in mid-February

U.S. initial jobless claims drop last week, coming in below expectations. In the week ended 16 February, the initial jobless claims dropped 23k to 216k. The weekly initial claims data have been quite volatile in recent months, possibly due to several factors, including seasonal adjustment factors around year-end and the timing of the federal government shutdown, which might have had spill-over effects on private sector contractors.

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Norwegian oil investment likely to grow strongly in 2019, shows survey

The first quarter Norwegian oil investment indicates towards strong growth in oil investment in 2019 and a bit on the solid side to Norges Bank. The first quarter oil investment survey’s 2019 figure was downwardly revised to NOK 172.7 billion from NOK 175.3 billion.

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Euro area flash services PMI index rises above expectations in February, manufacturing index falls sharply

Euro area’s purchasing managers’ index for the service sector rose surprisingly in February. The unexpected rise gives hope that the underlying pace of growth did not decelerate further in the first quarter of 2019.

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FxWirePro: A run through on richness and cheapness among G10 FX universe

There has been substantial FX market moves over the past month and this has led to some changes in the ranking of currencies on this framework.

The positive momentum of the FOMC minutes for the US dollar did not last long.

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FxWirePro: Gold Rallies on Feds Cushion Bid 3m RRs, Skews and Capitalize on Dips to Execute ITM Strategy

Gold has broken-out decisively from its $1,300/oz level and is unlikely to fall below that level anytime in the near future.

We wouldn’t foresee any extremely hawkish approach from the Federal Reserve until 2020 after it has said it will be “patient” in rate normalization and will remain “flexible” in its asset-reduction programme.

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