US TSYS: Post-Weekly Claims, ReactUnit Labor Cost
Mar-06 13:33
- Treasury futures remain mixed, paring gains in 2s-10s after lower than expected weekly claims, continuing claims higher than expected but with a down-revision to prior; Unit Labor costs lower than expected.
- The Jun'25 10Y contract trades -1.5 at 110-26.5 after vs. 110-30 high, still well inside technicals: resistance above at 111-15 (yesterday's high) followed by 112-01/02 (High Mar 4 / 1.382 proj of Jan 13-Feb 7-12 swing), support below at 110-12.5/110-00 (Intraday low / High Feb 7).
- Curves still steeper - but off highs: 2s10s +5.385 at 32.349, 5s30s +3.837 at 53.172.
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GOLD: At a new all time record high
Feb-04 13:29
- Not seeing much in terms of move in the Dollar, but Platinum and Gold are seeing some demand here, it is not a session high for Platinum yet, but some investors will be watching Gold, as it tests a fresh all time record high.
- Next immediate resistance is seen at $2845.2 - 1.382 proj of the Nov 14 - Dec 12 - 19 price swing.
- There's some spillovers into Silver, testing the late January high, the highest printed level since 12th December.
- The next resistance in Silver will be $32.338 - High Dec 12 and a key resistance.
MNI EXCLUSIVE: MNI Looks at the EU's Response to US Tariffs
Feb-04 13:26
- MNI looks at the EU's likely response to U.S. tariffs -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US: MNI POLITICAL RISK - China Retaliates As Tariffs Go Into Effect
Feb-04 13:19
- President Donald Trump held last-minute calls with his Mexican and Canadian counterparts to avert a North American trade war.
- No agreement was struck to prevent a 10% baseline tariff on Chinese imports going into effect at midnight. In response, China announced a raft of retaliatory measures.
- Trump is expected to hold a call with Chinese President Xi Jinping in the coming days, leading to optimism a deal can prevent further escalation. However, Trump's administration is populated by China hawks, suggesting China tariffs are likely to be more durable.
- European Commission President Ursula von der Leyen said the bloc is "ready for tough negotiations" with Washington.
- Trump directed officials to create a sovereign wealth fund.
- The Senate confirmed Chris Wright as energy secretary. The Senate Intelligence Committee will vote today to advance DNI nominee, Tulsi Gabbard.
- The House Budget Committee delayed a crucial first step to unlocking budget reconciliation.
- Trump named Treasury Secretary Scott Bessent as acting head of the CFPB.
- Trump’s cryptocurrency and AI czar, David Sacks, will deliver a Capitol Hill press conference on crypto regulation.
- Israeli Prime Minister Benjamin Netanyahu will meet Trump at the White House today amid concerns over phase two of the Gaza ceasefire deal.
- Danish PM Mette Frederiksen hinted the US military could have a larger presence in Greenland.
- Trump suggested a deal with Ukraine to provide rare earth minerals.
- Poll of the Day: Trump's approval rating tracker is live.
Full article: US DAILY BRIEF
