Blogs

Canadian employment data for March 2020: Details: Canadian PM Trudeau announced there were more than 2 million employment claims filed so this number isn't for all the month.The survey week was March 15 to 21.

Initial jobless claims and continuing claims highlights – . The data was revised higher by 219K to 6867K vs 6648K – Initial jobless claims 6606K vs 5500K estimate Another higher than expected rise in initial jobless claims. With the prior week revised up 219,000 (remember when it was the actual initial jobless claims number?).

It's all about the economic data Weekly initial jobless claims are due out at the bottom of the hour and the consensus has been creeping higher. It's at 5.5 million new claims now after last week's record 6.648m. I think this is more of a number for main street consumption right now but economists really […]

The USD is mixed ahead of the jobless claims numbers The GBP is the strongest and the CAD is the weakest as North American traders enter for the day. The USD is mixed with gains vs CAD and NZD and declines vs the GBP. The EUR, JPY, CHF and AUD are all near unchanged levels.  […]

Reuters adds to the story, citing sources briefed on the kingdom's policy This adds to the earlier headline . But the report says that the kingdom is ready to reduce output by up to 4 mil bpd from the April level mentioned above.

Forex news from the European trading session – 9 April 2020 Headlines: Markets: – GBP leads, CAD lags on the day – European equities mixed; E-minis down 0.4%

The ECB releases its account of its March policy decisions This doesn't really say much in my view as a lot has happened over the last few weeks and the fact that the ECB has relaxed the issuer limits on PEPP and are not being overly transparent about its purchases tells us more than the […]

Saudis refuse to play ball ForexLive Oil is seeing a quick fall from grace as price falls from a high of $27.46 to $25.00 before bouncing back a little now to $25.50 as the market isn't liking the Saudi news earlier.

Bloomberg with the headlines Their April benchmark/baseline will be significantly higher as they have raised output to after last month's OPEC+ deal fell apart.

Oil prices are keeping higher on the positive signals so far today ForexLive So far, there are no hiccup in the headlines and that is keeping oil prices supported ahead of the OPEC+ meeting later at 1400 GMT.