Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog says
Erin Scott/Bloomberg via Getty Images The Department of Labor has been both miscounting the number of people receiving unemployment benefits and underpaying those under a special program instituted to address the coronavirus pandemic, according to a government watchdog report Monday....
October pending home sales fall unexpectedly, as high prices take their toll on buyers
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Strong, pandemic-induced demand for housing is still there, but buyers may now be hitting an affordability...
Oil Prices are Correcting, After All
On Monday, November 30th, Brent is declining, correcting after prominent growth yesterday. It is trading at 47.60 USD and might spend the whole session falling. By the way, on Monday, OPEC is having a meeting. By the decision of the...
EURAUD Heads Up But Still Lacks Direction in Short-Term
EURAUD is ticking higher in a horizontal trajectory trapped between the 1.6340 resistance and the 1.6144 support. A paused state of directional momentum is reflected in the Ichimoku lines, while the price rests around the upper surface of the cloud....
Oil Steady ahead of OPEC Meeting
Traders take profit as OPEC+ meets to discuss 2021 production plans Pre-meeting talks between a select few key OPEC+ ministers failed to generate a consensus on production plans for next year. This includes plans for January, when cuts had planned...
Winklevoss twins say bitcoin will be the decade’s best performing asset, see ’25x’ gains from here
Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an...
Loonie and Sterling Firmer in Dull Month-End Trading
Overall, the markets are relative quite today, in month end trading. Stocks are struggling in tight range, indifferent to news of Modern’s plan to see US and EU clearance for their vaccine. In the currency markets, Sterling is currently the...
Swiss Franc Flat after Mixed Data
The Swiss franc is showing little movement at the start of the new trading week. Currently, USD/CHF is trading at 0.9049, up 0.07% on the day. The currency is trying to shake off a mini-slump, after posting declines over four...
USD/CAD Decline Likely To Coninue
The US Dollar declined by 50 points or 0.38% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average at 1.3008 during Friday’s trading session. All things being equal, the exchange rate could continue...
Stock Futures Retreat From Overbought levels
US stock futures are flashing red, but the main indexes are still set to finish the month with strong gains. At the time of writing, the futures on Dow Jones have declined by 0.70%, the S&P 500 has dropped 0.60%,...