Good morning, traders. Welcome to our preview of the economic calendar this week, with a focus on the data and news stories that could have the greatest impact on gold, the US Dollar, and correlated assets.
The number of Americans filing for unemployment benefits increased more than expected last week. Claims rose to 219,000 for the week ended February 22 according to the Labor Department, above expectations of 212,000. The figures are still in line with those of a healthy labor market.
A measure of business conditions published on Friday indicates that business conditions have improved from 42.9 to 49 in February. While the measure has increased, any reading below 50 indicates contraction, and the Chicago PMI has now contracted for six months in a row.
Good morning traders, welcome back to our weekly preview of the market week ahead with a focus on the macroeconomic data and narratives that could have the biggest impact on gold, the Dollar, and other related assets.