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Gold futures pushed their slide into an eighth consecutive session Thursday as prices languished at their lowest since early February. A sharp drop for oil prices, as crude dropped below $49 a barrel for the first time this year, weighed on gold trading. The yellow metal fell even as a rising dollar index paused its
READ MORERates for home loans spiked along with a surge in Treasury yields as Federal Reserve officials guided market expectations toward an interest rate increase next week. It is only the third week in 2017 in which interest rates have increased.
READ MOREADP says February was third-best month of jobs growth of the recovery. Private-sector employment increased by 298,000, ADP reported Thursday. That gain suggests a much better than forecast reading for the payrolls report due Friday, where expectations are for 200,000 jobs added.
READ MOREUnit Labor Costs 1.7 vs. estimates of 1.6. Nonfarm Productivity 1.3 vs. estimates of 1.5. This is revised data from the 4th QTR.
READ MOREJanuary Trade Balance -48.5B vs. estimates of -48.5B. This of course meets expectations and will not be a factor for today’s pricing.
READ MOREJanuary Factory Orders 1.2% vs. estimates of 1.2%. Not a factor for interest pricing today.
READ MOREInvestors will lock in Friday on speeches by the Federal Reserve’s top policy-makers, Yellen’s speech is scheduled for 1 PM Eastern Time. Warming up traders for the boss, four other Fed officials take the stage before her: Fed No. 2 Stanley Fischer, Fed Gov. Jerome Powell, the Chicago Fed’s Charles Evans and Richmond’s Jeffrey Lacker.
READ MOREFebruary ISM Non Manufacturing (Services) 57.6 vs.estimates of 56.5. This represents more than 2/3 of our economic engine, any reading above is expansionary.
READ MOREThe number of Americans who applied for unemployment benefits near the end of February fell by 19,000 to 223,000, setting a fresh postrecession low and illustrating the strength of the U.S. labor market.
READ MOREFutures pointed to fresh highs for U.S. stocks Wednesday, as investors appeared to give President Donald Trump the benefit of the doubt over his economic plans. Stocks also seemed to get a lift from comments by Federal Reserve officials, which drove up expectations for an U.S. interest-rate increase within weeks.
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