17.6 million unemployed Americans probably won’t return to their pre-pandemic jobs
Just over 1 in 10 Americans who are out of work because of the coronavirus pandemic don’t have a good chance of getting called back to their old jobs, according to recent research from the Economic Policy Institute, a left-leaning...
Technical alerts on USD/JPY and EUR/JPY
Using the “technical Insight” research tool under the Market Analysis tab, we have identified bullish technical events on the USD/JPY and EUR/USD Both currency pairs confirmed a moving average crossover on a daily chart. Price Crosses Moving Average (21-day). This...
Nonfarm Payrolls: A Battle Between Risk Taking and Safety
The ISM manufacturing PMI is due today at 14:00 GMT and June’s Nonfarm payrolls will be released on Thursday, a day earlier than usual, at 12:30 GMT as US markets will be shut on Friday for July 4th celebrations. While...
USD/JPY Outlook: Strong Bearish Acceleration after Bulls Got Trapped is Generating Negative Signal
The pair fell sharply on Wednesday after attempts to extend five-day rally were strongly rejected and bulls got trapped above daily Kijun-sen/50% retracement of 109.85/106.07 fall (107.96). Fresh weakness is also forming bearish engulfing which could add to negative signal...
Will Fed Put Prevent a Correction?
The stock market has really lost its spark these last few weeks and once again we’re seeing indices coming back towards the recent lows. Growing unease around the success of the reopening process is no doubt fuelling much of this,...
Euro Tumbles in Indecisive Markets, Mildly Risk-off
Markets continue to trade in rather indecisive mode today. DOW futures point to mildly lower open, following European stocks, and is getting not support from solid ADP job data. Yen appears to be rebounding but it’s kept well above near...
June private payrolls rose 2.37 million and there was a big positive revision for May, ADP says
Companies in June continued to bring workers back from their pandemic furlough as the national economy slowly came back to life. Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists...
Economy’s second-half comeback is now threatened by coronavirus resurgence
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island,...
Stock market live today: New quarter, Dow futures drop 200 points, reopening plays down premarket
The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:02 am: Reopening names...
Turkey’s vulnerability is not a shock to risk experts
Foreign-exchange earnings from tourism in Turkey could fall below $10 billion this year, compared with $34.5 billion in 2019 Coronavirus could not have happened at a worse time for Turkish investors hoping to see its potential revive. The country has...
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