Blogs

<p>As global markets set their sights on a quick recovery from the COVID-19 crisis, key economic data for April – when the pandemic impact is thought to have peaked – will likely be sidelined next week. The Federal Reserve might also struggle to attract the usual attention when it holds a scheduled meeting as investors […]

<p>The Recovery already started, stocks and treasuries soar, Oil’s NFP bounce hits a wall, Gold tanks on robust labor report US stocks continue to rock and roll after a better than expected nonfarm payroll report suggest the economic recovery already began in May. It is not often you get the headline number and all the […]

<p>Employment up 290k in May – retracing about 10% of March/April losses The unemployment rate increased to 13.7%, with more earlier job losses officially counted as unemployed Jobs numbers reinforce that economic activity started to recover in May The gain in employment in May was the largest one-month increase going back to at least t

<p>Payroll employment increased by 2.5 million in May The unemployment rate fell to 13.3% and participation rose Hours worked still down 13% vs. pre-pandemic This morning’s US employment numbers were a significant and welcome upside surprise relative to consensus for a further 7.5 million job losses. We know from continuing claims data

<p>The S&P 500 Futures are rising again after they lacked upward momentum yesterday, as seen in prior sessions. Later today, the closely-watched U.S. official jobs report is expected to show a reduction of 7.500 million nonfarm payrolls in May with the jobless rate jumping to 19.4%. European indices remain on the upside after the Europea

<p>The USD weakened against a number of its counterparts yesterday, as investors continued to eye an economic recovery despite the ongoing tensions in the US-Sino relationships as well as the protests in the US. Analysts tend to note that the market seems to be unwinding long positions on safe-haven currencies such as the USD, CHF […]

<p>The US dollar has continued to decline against a basket of currency majors. The US currency is under pressure due to weak economic data. Thus, initial jobless claims increased again and counted to 1,877K, which exceeded the expectations of experts who predicted 1,800K. Investors expect the publication of reports on the US and Canadian labo

<p>GBPUSD spiked towards a three-month high of 1.2705 but it finished the session below the 1.2645 barrier on Thursday. The upside rally which started after the rebound on the 1.2075 support could take a breather in the near term as the momentum indicators are suggesting a pullback. The RSI is edging south below the 70 […]

<p>GBPAUD strengthened its negative momentum within a narrow descending channel and touched a 1½-year low at 1.8053 this week after tumbling below the 1.8500 mark. With the price currently consolidating near the bottom of the channel, and the RSI and the stochastics fluctuating in oversold zone, an upturn is increasingly likely in the near te

<p>Stock markets are charging higher again on Friday, with Wall Street seen around 1% higher, ahead of what is expected to be a horrific US jobs report. There are a number of reasons to be cautious in this market but none are clearly as compelling as the grand economic reopening and authorities everywhere pumping out […]