Jobless claims unexpectedly jump despite relaxed economic restrictions
First-time claims for jobless benefits showed an unexpected jump to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported...
Jobless claims unexpectedly jump despite relaxed economic restrictions
First-time claims for jobless benefits showed an unexpected jump to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported...
Sentiments Weighed Down by Unstoppable Yields, Dollar Recovers
Sentiments appear to be weighed down by the upstoppable rally in treasury yields again today. At the time of writing, US 10-year yield is trading above 1.75 handle while Germany 10-year bund yield is at -0.25. US futures point to...
Stocks making the biggest moves in the premarket: Dollar General, Signet Jewelers, Petco & more
Take a look at some of the biggest movers in the premarket: Dollar General (DG) – Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62...
NZDJPY Tests 79 Level, But Mixed Momentum Clouds Near-Term Bias
NZDJPY is testing the upper Bollinger band around 79 after successfully cracking the recently formed ceiling of 78.65. Nevertheless, momentum indicators have receded slightly in recent days. The fast-moving %K line of the stochastic oscillator has slipped below the %D...
NZDJPY Tests 79 Level, But Mixed Momentum Clouds Near-Term Bias
NZDJPY is testing the upper Bollinger band around 79 after successfully cracking the recently formed ceiling of 78.65. Nevertheless, momentum indicators have receded slightly in recent days. The fast-moving %K line of the stochastic oscillator has slipped below the %D...
The Fed Left Monetary Policy Unchanged. The Market Focused On The Meeting Of The Bank Of England
At the press conference, Federal Reserve Chairman Jerome Powell said that the current monetary policy is appropriate and there is no reason to change the volume of stimulus amid the sharp rise of Treasury yields in the last month. Against...
Dollar Falls on Risk-On Sentiment after FOMC, Aussie Powers Up on Job Data
Dollar dropped broadly overnight as markets turned into mild risk-mode following FOMC rate decision. A better economic outlook was painted by the new economic projections. Yet, Fed is clear that it’s not even considering tapering the asset purchases for now....
FOMC Review – Fed Revised Economic Projections Significantly Higher, while Pledged to Keep QE Size Unchanged Until Actual Progress is Seen in Economy
The staff significantly upgraded economic projections. While the policy rate will unlikely change before 2024, the median dot plot reveals that more members are now projecting rate hikes in coming two years. As widely anticipated, the Fed left all monetary...
FOMC Review – Fed Revised Economic Projections Significantly Higher, while Pledged to Keep QE Size Unchanged Until Actual Progress is Seen in Economy
The staff significantly upgraded economic projections. While the policy rate will unlikely change before 2024, the median dot plot reveals that more members are now projecting rate hikes in coming two years. As widely anticipated, the Fed left all monetary...
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