One option for Trump to get energy prices down domestically would be to implement an export ban. Politico reports: The White House will not implement a crude export ban, and told oil executives as much at this morning’s meeting with API, per an admin official who participated in the meeting. HFI Research illustrates some of…
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Prior month 0.745 million revised to 0.712M New Home sales for the month of January 0.587M vs 0.720M estimate. Further details from the report shows: Inventory (Jan 2026): 476K homes (+0.4% m/m, -4.0% y/y) Months’ supply: 9.7 months (up from 8.0 prior, +21.3% m/m, +7.8% y/y) Median price: $400.5K (-4.5% m/m, -6.8% y/y) Average price:…
Treasury Secretary Scott Bessent said the tariff investigations will wrap up just in time for the 150 day deadline in the current tariff regime, which could also be ruled illegal (though that would be retroactive). Normally, this kind of investigation takes 12-18 months but despite a much larger scope of countries, this version will be…
Prior week 213K Initial jobs claims 205K vs 215K estimate 4 week moving average of initial jobless claims 210.75K versus 211.50K last week. Continuing claims 1.857M vs 1.850M estimate. Prior week 1.850M 4 week moving average of continuing claims 1.850M versus 1.852M last week The largest increases in initial claims for the week ending March…
Prior was +16.3 Details: New orders 8.6 vs 11.7 prior Shipments 22.2 vs 0.3 prior Unfilled orders -4.7 vs -12.9 prior Delivery times 18.9 vs -9.9 prior Inventories 1.4 vs -0.2 prior Prices paid 44.7 vs 38.9 prior Prices received 21.2 vs 16.7 prior Number of employees 0.8 vs -1.3 prior Average employee workweek 2.8…
Headlines: Markets: Oil prices stay elevated amid rising Middle East tensions Brent crude oil up 7% to $115.03, WTI crude oil up 1.3% to $97.50 US dollar eases slightly after post-Fed gains EUR/USD up 0.2% to 1.1468, USD/JPY down 0.5% to 159.08 after BOJ leaves door open for rate hikes Precious metals come under heavy…
EUROPEAN SESSION In the European session, we get three central bank policy decisions. The SNB is expected to hold interest rates unchanged at 0.0%. The focus will be on central bank’s signals about potential intervention in the currency market after EUR/CHF fell to 0.90 recently amid the US-Iran conflict. The BoE is expected to leave…
Prior 5.2% Employment change 84k vs -4k expected Prior 52k Average weekly earnings +3.9% vs +3.9% 3m/y expected Prior +4.2% Average weekly earnings (ex bonus) +3.8% vs +4.0% 3m/y expected Prior +4.2%; revised to +4.1% February payrolls change 20k Prior -11k; revised to 6k There are quite a few positives to note, one that the…
The FT reports on the matter, noting that US president Trump has given his word that the US would insure commercial vessels seeking passage through the Strait of Hormuz. And the US administration has looked into how to go about that by exploring plans to tie it with government insurance. To be more specific, it…
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