Gold markets rallied significantly during the trading session on Thursday, breaking the top of the neutral candlestick from the Wednesday session after the horrific initial jobs claims
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IEA says 10 mbpd cut not enough, RIA says OPEC meeting next week may not happen
Some negative oil headlines cross Two headlines have helped to sap some strength from the oil market: Meanwhile Russian news agency RIA, citing an unidentified person said the April 6 meeting may not happen if the sides aren't ready.
UK coronavirus deaths rise to 3605 vs 2921 yesterday
UK coronavirus news The number of deaths in the UK has risen very quickly this week ForexLive
WTI breaks $28 in the second day of big gains as the crude market embraces socialism
Crude oil up more than 10% today WTI crude oil broke yesterday's spike high and ran to the best levels of the day after Russia said it was ready for oil output cuts if the US and Saudi Arabia also join in.
US March non-farm payrolls -701K vs -100K expected
March 2020 US non-farm payrolls data: Not the sharp fall in labor force participation. That showed many people stop looking for work. There will be a big focus on unemployment in next month's report but the fall in participation is equally important.
The ISM non-manufacturing report will be more interesting than non-farm payrolls
The jobs survey was done too early in the month Strap in for another edition of non-farm payrolls but unfortunately this one isn't going to tell us much. The survey week is March 12 — the same as ADP (-27K). That report was far stronger than what jobless claims have shown, and what everyone on […]
Russian producers ready for oil output cuts if US and Saudi also join in – report
Bloomberg reports, citing five people familiar with the matter The report says that Russia is ready to agree to oil output cuts together with Saudi Arabia and other major producers in a bid to try and halt the decline in oil prices.
UK PM Boris Johnson to continue self-isolation
Johnson still has a fever but is recovering well from the coronavirus An update by Boris Johnson himself: — Boris Johnson #StayHomeSaveLives (@BorisJohnson)
ForexLive European FX news wrap: Dollar keeps firmer; oil gains on OPEC+ hopes
Forex news from the European trading session – 3 April 2020 Headlines: Markets: – USD leads, AUD lags on the day – European equities slightly softer; E-minis down 0.8%
US employment growth to come a historic end, but how much of that matters?
A record run of 113 straight months of jobs growth will come to an end today ForexLive The non-farm payrolls report today is merely going to offer investors some food for thought rather than any real indication of present labour market conditions in the US economy.