FX Survey 2020: Press Release
Euromoney FX Survey 2020 results released Euromoney magazine has released the results of its 42nd annual foreign exchange survey, the most comprehensive quantitative and qualitative annual study available on the FX markets. Among the key findings: JPMorgan retains the top...
Job losses remain ‘enormous’: Coronavirus unemployment claims are worst in history
A woman wearing a face mask walks past the closed Arlington Cinema and Drafthouse movie theater amid the coronavirus pandemic on May 14, 2020 in Arlington, Virginia. Photo by OLIVIER DOULIERY/AFP via Getty Images The number of Americans filing for...
Jobless claims at better-than-expected 1.3 million, total getting benefits falls to 18 million
Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases. Claims for the week ended July 4 totaled 1.314 million, compared with the 1.39 million expected from...
Gold Outlook: Bullish Bias above $1800 but Bulls May Hold in Extended Consolidation Before Resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep above $1800 level which now acts as strong support. Wednesday’s break and close above significant $1795/$1802...
Fear Gauge and Gold are Still Flashing Red; Are Stocks Finally Taking Note?
The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost 80% of the March crash. But as stocks drift sideways while investors re-evaluate the prospect of...
Sterling Continues to Shine While Stocks Take a Breather
Sterling continues to trade as the strongest one on stimulus optimism while Europe majors are also firm. On the other hand, Dollar remains the weakest one, even worse than Japanese Yen. Stock market rally might take a breath again today...
Silver Hits Pre-Pandemic High Of $19
Both precious metals remain in demand for now. This is mainly due to historically low interest rates and as the vast central bank QE and government stimulus money is finding its way into these assets, as well as stocks. Economic...
Nasdaq And Gold Take To The Skies, Dollar Tanks
Stocks and commodity currencies grind higher without much news Sinking dollar lifts all FX boats, pound and loonie capitalize the most Gold rally keeps rolling – has bullion changed roles with the dollar? Weekly US jobless claims today to reveal...
Top Chinese diplomats give conciliatory signals while demanding respect from the U.S.
Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September 27, 2019. Mark Kauzlarich | Reuters China’s top two foreign...
Dollar Selloff Resumes as Euro Powers Up
Dollar is sold off broadly while Yen is following as the second weakest. Sentiments are apparently lifted by stimulus hopes despite surge in global coronavirus cases. European majors are leading the way higher, with Sterling having a touch more strength....
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