WHAT IS CRUDE OIL INVENTORIES Crude oil inventories are typically reported on a weekly basis in the United States by the Energy Information Administration (EIA), and similar agencies in other countries. Traders, investors, analysts, and policymakers closely watch these reports …
The Manufacturing Purchasing Managers’ Index (PMI) is an economic indicator that provides insights into the health of the manufacturing sector within a particular economy. It’s based on a monthly survey of purchasing managers from a variety of industries, including manufacturing, …
The U.S. Nonfarm Payrolls, often referred to simply as “nonfarm payrolls” or NFP, is a closely watched economic indicator released by the U.S. Bureau of Labor Statistics (BLS) on a monthly basis. It measures the total number of paid workers …
CPI stands for Consumer Price Index. It’s a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. CPI is calculated by taking price changes for each …
The U.S. Average Hourly Earnings is a key economic indicator that measures the average hourly wages paid to nonfarm workers in the United States. It’s often used as a gauge of wage trends and the overall health of the labor …
The Job Openings and Labor Turnover Survey (JOLTS) is a monthly report published by the U.S. Bureau of Labor Statistics (BLS). It provides data on job openings, hires, quits, layoffs, and other separations in the United States. The JOLTS report …
Gross Domestic Product (GDP) is a key metric used to measure the economic performance of a country. It represents the total monetary value of all goods and services produced within a country’s borders during a specific period, usually annually or …
Finance has a rich and diverse history spanning millennia, evolving alongside human civilization. Here’s a concise overview: 1. **Ancient Beginnings**: Finance traces its roots to ancient civilizations like Mesopotamia, Egypt, Greece, and Rome. Early financial practices included rudimentary forms of …
It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as …
U.S. retail sales refer to the total receipts of retail establishments in the United States. These establishments include stores that sell merchandise directly to consumers, such as department stores, clothing stores, electronics retailers, and grocery stores, among others. Retail sales …