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Day: March 5, 2021

Job growth in February may signal start of a hiring boom as the economy reopens

Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | Orange County Register via Getty Images February’s surprisingly strong job growth signals that the economy could be at a pivot point …

Job growth in February may signal start of a hiring boom as the economy reopensRead More

Week Ahead – Will ECB Make a Stand Against Rising Yields?

With bond markets going berserk lately, investors will turn to the European Central Bank meeting on Thursday. Some senior policymakers have been vocal about ‘fighting’ this rise in yields, but immediate action seems unlikely. Meanwhile, the Bank of Canada will have to play down a solid economy when it meets on Wednesday. In the US, …

Week Ahead – Will ECB Make a Stand Against Rising Yields?Read More

GBPUSD Corrects Below 200-MA; Bullish Bias Endures

GBPUSD improved off the 200-period simple moving average (SMA) around 1.3830, after the correction from the 34-month peak of 1.4236 spiked below it and near the low of 1.3775. The Ichimoku lines are reflecting a pause in negative momentum, while the falling 50-period SMA is endorsing further bearish tendencies in the pair, which also previously …

GBPUSD Corrects Below 200-MA; Bullish Bias EnduresRead More

US 30 Stock Index Halts Rally Near Familiar Resistance Line

The US 30 index (cash) gave up some ground after unlocking a new record high of 32,072 near the key resistance line, which connects all the peaks from June onwards. The upper boundary of the Ichimoku cloud and the 23.6% Fibonacci of the 26,065 – 32,072 up leg, however, managed to stabilize the downward correction …

US 30 Stock Index Halts Rally Near Familiar Resistance LineRead More

Job growth surges in February on hiring jump in restaurants and bars

Hiring surged in February as U.S. economic activity picked up with Covid-19 cases steadily dropping and vaccine rollouts providing hope for more growth. The Labor Department reported Friday that nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared with expectations of 210,000 new jobs and the unemployment …

Job growth surges in February on hiring jump in restaurants and barsRead More