California Gov. Gavin Newsom pledges unemployment benefits to furloughed federal workers
LOS ANGELES — Gov. Gavin Newsom has pledged that California will provide unemployment insurance benefits for furloughed workers impacted by the partial federal government shutdown. “Let the word go forth: We’ll cover you, we’ll have your back,” the Democrat said...
GBPCAD Struggles in Upward Sloping Channel in Medium Term
GBPCAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The pair has been trading within an ascending sloping channel over the...
USDJPY Awaiting Key Inflation Data
The US dollar continues to probe the 108.40 level against the Japanese yen, with this key technical area so far proving to be formidable resistance for bulls. The USDJPY pair is currently trading with a slightly cautious tone, as traders...
GBPUSD Vulnerable To Intraday Losses
The British pound is starting to drift lower against the US dollar, following the release of mixed UK economic and negative sentiment towards sterling ahead of Tuesday’s crucial Brexit vote. A clear breach of the 1.2700 level exposes further downside...
Here’s how lost furloughed federal worker paychecks could weigh on the US economy
Federal workers furloughed by the ongoing partial government shutdown have been bearing the brunt of the political standoff between President Donald Trump and Congress over funding for a border wall. Those federal employees are feeling the squeeze on their wallets....
Dollar Stays Soft as Fed Powell and Clarida Called for Patience, But No Extended Selling
Dollar continues to trade as the weakest one for today and the week. The chorus of Fed’s “patience” rhetoric continued overnight with the top two men in Chair Jerome Powell and Vice Chair Richard Clarida. But the marginal impact in...
USD/JPY Facing Significant Hurdles Near 108.80
Key Highlights The US Dollar recovered recently and moved above 107.20 against the Japanese Yen. There is a crucial bearish trend line formed with resistance at 108.45 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the...
Steady As She Goes
Markets The NY session saw a decent rebound in risk and a slight recovery in the USD, leaving USDJPY sitting near 108.40 as we open the book for the final trading session of the week in Asia. The main two...
Stocks making the biggest moves after hours: Netflix, Activision Blizzard and more
Check out the companies making headlines after the bell: Netflix shares rose more than 1.5 percent after UBS upgraded the company to buy from neutral and raised its price target to $410. It said that after six months of under-performing,...
Goldman raises gold forecast for 2019 on recession fears, sees 10% gain
Goldman Sachs has found the safe haven gold more attractive after a volatile December. The bank on Thursday raised its gold forecasts to $1,325, $1,375 and $1,425 per troy ounce over the next three, six and 12 months, respectively, from...
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