Today, traders also had a chance to take a look at the ISM Services PMI report for December. The report showed that ISM Services PMI increased from 52.1 in November…
Tag: Economics
U.S. Job Growth Slows as Unemployment Claims Drop – Is the Labor Market Cooling?
The insured unemployment rate held steady at 1.2% for the week ending December 28, indicating no significant shift in the broader employment landscape. However, the number of insured unemployed rose…
EIA Natural Gas Storage Draw Of -40 Bcf Misses Expectations
Natural gas prices moved lower as traders reacted to the report. From the technical point of view, natural gas continues its attempts to settle back above the $3.60 level. Today,…
U.S. Dollar Faces Bearish Pressure as Trade Deficit Hits $78.2B in November
On the export side, industrial supplies and materials contributed significantly, with a $4.3 billion rise driven by petroleum products and crude oil. Automotive exports grew by $1.9 billion, reflecting higher…