<p>The dollar keeps bullish tone although the action after release of US jobs data is holding with quite narrow congestion as markets digest the shocking release. Again, there was no big surprise on seven times more negative payrolls data than expected (Mar -701K vs -100K f/c) as today’s release comes as logical continuation of Thur
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US: Heavy Job Losses in March Only the Thin Edge of the Wedge of COVID-19 Impact
<p>Non-farm payrolls fell 701k positions in March, much worse than consensus expectations, as job losses due to the coronavirus pandemic started to mount. That result is close to the worse months for job losses during the global financial crisis. The unemployment rate jumped up to 4.4%, from 3.5% in February. That is the largest one-month [&h
Plunge in US Employment in March with (Much) Worse Ahead
<p>Payroll employment declined 701K – the largest drop since the financial crisis The unemployment rate jumped to 4.4%, broader measures deteriorated more April data will likely still leave the March jobs decline looking like a rounding error The beginning of US layoffs tied to the coronavirus showed up earlier than expected, but the dr
NY Fed's GDP Nowcast for Q2 2020 slumps to -0.4%
The US' economy is expected to expand by 1.5% in the first quarter of 2020 and seen contracting by 0.4% in the second quarter, the Federal Reserve Ban
USD/JPY stays calm near 108.50, remains on track to post weekly gains
After climbing to 108.50 during the European trading hours, the USD/JPY pair struggled to make a decisive move in either direction and continues to mo
United States Baker Hughes US Oil Rig Count declined to 562 from previous 624
United States Baker Hughes US Oil Rig Count declined to 562 from previous 624
EUR/JPY Price Analysis: Euro bears eyeing the 2020 lows vs. Japanese yen
EUR/JPY is consolidating the recent slide near the 2020 lows as the spot is trading below the main daily SMAs suggesting an overall negative momentum for the
Russia's Novak to President Putin: Output should be cut for next few months
According to the latest headlines crossing Reuters, Russia's Energy Minister Alexander Novak told Russian President Putin it was necessary to cut the
Gold Price Analysis: Gold ends the week on an indecisive note at USD 1616.50
The jobs market in the US is in a state of chaos at the moment with another record print for weekly jobless claims and a record matching 701K non-farm
IMF's Georgieva: Nearly $90 billion in investments have flowed out of emerging markets
"We have witnessed the world economy coming to a standstill, way worse than the global financial crisis," International Monetary Fund's (IMF) Managing