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Day: February 11, 2021

Jobless claims worse than expected as pandemic-related filings surge

First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market. The total for the week ended Feb. 6 was above the 760,000 forecast from economists surveyed by Dow Jones but a slight decrease from the previous week’s upwardly revised total of 812,000. The pandemic era …

Jobless claims worse than expected as pandemic-related filings surgeRead More

Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO says

Uber CEO Dara Khosrowshahi told CNBC on Thursday the company discussed but “quickly dismissed” the idea of buying bitcoin with corporate cash like Telsa. However, Khosrowshahi said Uber would consider accepting cryptocurrencies as payment. The comments come after Tesla announced earlier this week that it bought $1.5 billion worth of bitcoin with some cash on …

Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO saysRead More

Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidents

President Joe Biden is on the best presidential honeymoon since at least Bill Clinton in 1993. A special online edition of the CNBC All-America Economic Survey focusing on the Biden agenda finds his approval rating at a sky-high 62%, beating the first presidential ratings of Presidents Barack Obama, George W. Bush, Bill Clinton and Donald …

Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidentsRead More

Dollar Selling Resumes after Jobless Claims, Yen Crosses Rising

Dollar is back in selloff mode in early US session after slightly worse than expected jobless claims numbers. Though, at the time of writing, Yen underperforms mildly. On the other hand, buying focus is back on commodity currencies today. Australian Dollar is leading others higher. European majors are generally mixed. European indices are mixed for …

Dollar Selling Resumes after Jobless Claims, Yen Crosses RisingRead More

Frank First Biden-Xi Call But Also Hope For Increased Dialogue

Market movers today We will keep monitoring news on vaccine efficacy and production capacity. Lots of studies are released these days. Today the calendar is very thin on data. We will keep an eye on US jobless claims in the afternoon. Sweden also releases unemployment figures from PES. The 60 second overview Macro: US core …

Frank First Biden-Xi Call But Also Hope For Increased DialogueRead More

Dollar Decline Slows But No Bottoming, Euro Softens

The forex markets are rather quite in Asia today, following subdued trading elsewhere. Dollar’s decline is slowing but it remains the worst performing major currency so far, followed by commodity currencies. Sterling and Yen are the stronger ones this week, as both are supported by rallies in respective treasury yields. Though, Swiss Franc is surprisingly …

Dollar Decline Slows But No Bottoming, Euro SoftensRead More

Market Morning Briefing: Euro Has Dipped Slightly After Testing 1.2150

STOCKS Some sign of weakness is emerging in the indices like the DAX, Sensex and Nifty. But the Dow and Nikkei are still keeping alive the chances of seeing some more rise to 31500-32000 and 30000 respectively from current levels before seeing a correction. DAX has dipped below 14000 and can fall to 13600 and …

Market Morning Briefing: Euro Has Dipped Slightly After Testing 1.2150Read More

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