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Before the global Covid-19 pandemic, South Africa’s economy was suffering from the Eskom capacity issue, which led to ongoing blackouts,

Gold markets broke down significantly during the trading session on Friday as the job number came out much better than anticipated.

The US dollar has rallied significantly during the trading session on Friday, as it is a continuation towards the ¥110 level, which is a large, round, psychologically significant figure.

Get the weekly Forex forecast for major currency pairs for the week of June 6, 2020 here.

Last week, amid the rising fears for a second wave of the Covid-19 pandemic, the US dollar closed lower for the third consecutive week, losing 1.43 percent against a bundle of its main competitors.

Monday after jobs The US jobs report surprised on Friday with a gain of +2.5M vs a decline of -7M expected. Focus in the US will be on stock and bond markets. The stocks rose sharply with the Dow industrial average leading the way with a 3.15% gain. The NASDAQ lagged with a 2.06% gain (S&P rose 2.62%) .&a

Canada housing starts for the month of May Rebound higher after the sharp fall over the last few months took the index from 218.5 in January to the low last month at 166.47.

UK Prime Minister Johnson spokesman For bank trade ideas, check out eFX Plus

Speaking on CNBC For bank trade ideas, check out eFX Plus

Via Reuters  Roughly 15% of workforce. Most of these job cuts to be by year end.  Sad news.  For bank trade ideas, check out eFX Plus