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Day: February 5, 2021

Consumer watchdog sees surge in Robinhood complaints, some clients claim they can’t leave the app

The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100 …

Consumer watchdog sees surge in Robinhood complaints, some clients claim they can’t leave the appRead More

Stocks making the biggest moves midday: Activision, Snap, Ford & more

Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ford — The legacy automaker’s …

Stocks making the biggest moves midday: Activision, Snap, Ford & moreRead More

US NFP Worse and Canadian Employment Data Better than They May First Appear: USD/CAD

The US Non-Farm Payrolls released today were roughly in line at +49,000 jobs added to the economy in January. However, December’s figure was revised lower, from -140,000 to -227,000! And although the unemployment rate was much better than expected, 6.3% vs 6.7%, the participation rate was lower. This indicates that many people had dropped out …

US NFP Worse and Canadian Employment Data Better than They May First Appear: USD/CADRead More

Soft Jobs Rreport Greenlights Case for More Stimulus

US stocks are shrugging off a disappointing nonfarm payroll report that showed December was much worse and that January only saw a modest rebound in hiring. Stimulus prospects are unchanged as Democratic lawmakers appear poised to move President Biden’s $1.9 trillion stimulus bill forward without Republican support. Stocks are trying to hold onto modest gains …

Soft Jobs Rreport Greenlights Case for More StimulusRead More

Payrolls barely grow to start 2021 even as the unemployment rate fell to 6.3%

Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the unemployment rate fell to 6.3%, the Labor Department said Friday in the first employment report of the Biden administration. Economists surveyed by Dow Jones had been looking for growth of 50,000 and the unemployment to hold unchanged at 6.7%. …

Payrolls barely grow to start 2021 even as the unemployment rate fell to 6.3%Read More

GBPUSD Restores Positive Tone; Bullish in Near-Term

GBPUSD is currently stepping above the 50-period simple moving average (SMA) at 1.3686 after the price was violently catapulted from beneath the 200-period SMA at 1.3607. The price is sustaining a solid upwards force above the tentative trend line, drawn from the 1.2854 low in November last year. Nonetheless, the directionless Ichimoku lines are reflecting …

GBPUSD Restores Positive Tone; Bullish in Near-TermRead More

Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurants

January’s employment picture appears to have improved over December, but how much so depends in big part on the impact of the virus and restrictions on the struggling hospitality and leisure sector. The U.S. Bureau of Labor Statistics will release its “employment situation” report for January on Friday morning, detailing the unemployment rate, as well …

Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurantsRead More

WTI Oil Outlook: Improved Sentiment Lifts Oil Price To One-Year High

WTI oil cracked $57 barrier and hit new one-year high on Friday, lifted by hopes that economic recovery will accelerate and boost demand, while OPEC and its allies are expected to maintain supply curbs. Oil price rallies for the fifth straight day and is on track for the biggest weekly advance since the last week …

WTI Oil Outlook: Improved Sentiment Lifts Oil Price To One-Year HighRead More

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