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Day: November 13, 2020

Unemployment claims are falling. But that’s not necessarily because people found work

Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images Continuing claims Continuing claims for unemployment benefits are the best available proxy for the total number of people receiving jobless aid. Claims have fallen by more than 10 million since the early summer. There were around 21 million continuing claims through …

Unemployment claims are falling. But that’s not necessarily because people found workRead More

Week Ahead – Plenty of Data but Covid, Trump and Brexit Might Steal the Spotlight

After the US election and vaccine frenzy, economic data will move to the forefront in the coming week, with inflation and retail sales comprising the bulk of the releases. However, investors might be wrong to assume that the election and virus storms are over as Trump steps up his legal fight to overturn Joe Biden’s …

Week Ahead – Plenty of Data but Covid, Trump and Brexit Might Steal the SpotlightRead More

GBP/USD Outlook: Cable Rebounds after 1.2% Drop, But On Track to End Week in Doji Candle

Cable rebounds on Friday, inflated by news of resignation of Dominic Cummings, British PM Boris Johnson’s most powerful adviser. Cummings was the mastermind of 2016 Brexit referendum and Johnson’s 2019 election win, is the second person from the closest circle around Johnson to resign in just two days, as a result of a battle between …

GBP/USD Outlook: Cable Rebounds after 1.2% Drop, But On Track to End Week in Doji CandleRead More

NZDUSD Maintains Bullish Bias Despite Pullback

NZDUSD peaked at a 19½-month high of 0.6914 following a one-week ascent from 0.6612, before being pulled back below the mid-Bollinger band. The pair has found some footing at the upper part of a support base surrounding the lower Bollinger band. The upward sloping simple moving averages (SMAs) are sustaining a strong bullish bearing while …

NZDUSD Maintains Bullish Bias Despite PullbackRead More

Stocks making the biggest moves premarket: DraftKings, Disney, Cisco, others

Check out the companies making headlines before the bell: DraftKings (DKNG) – The mobile betting service reported a quarterly loss of 57 cents per share, smaller than the 61-cent loss that Wall Street had anticipated, while revenue was above analyst forecasts. DraftKings said it was helped by the resumption of activity by major sports leagues …

Stocks making the biggest moves premarket: DraftKings, Disney, Cisco, othersRead More