The pace of job gains likely slowed in November due to the impact of virus shutdowns
Job gains in November are expected to be weaker than in October, reflecting the impact of virus-related shutdowns by states and local governments due to the record spread of Covid-19. Economists expect a consensus of 440,000 nonfarm payrolls were added...
Extending pandemic unemployment benefits into 2021 could save 5.1 million jobs, according to report
In the months since the U.S. labor market shed roughly 22.2 million jobs at the start of the coronavirus recession, some 10 million roles still have not recovered as the virus drags on and a host of stimulus policies intended...
NFP Preview: Oversold Dollar Confronts Deteriorating US Labor Market
When we wrote this report last month, traders were still focused on the uncertain outcome of the US election and while the prospects for an eventual COVID-19 vaccine were promising, there were no signs of an imminent end to the...
Jobless claims hit pandemic-era low as hiring continues even with rising Covid cases
New jobless-claim filings last week reached their lowest level of the pandemic crisis, providing a sign that hiring is continuing if at a slower pace. First-time claims for unemployment benefits totaled 712,000 last week, compared with 787,000 a week earlier...
Dollar Selloff Accelerates Despite Jobless Claims, Gold Eyes 1850 Resistance
Dollar’s selloff accelerates today and better than expected jobless claim data provide no support. European majors are generally firm, with Sterling leading the way this time. But the rally in the Pound is unconvincing so far, with uncertainties over Brexit...
Foreign investors search for licences and profit as China NPLs rise
China has opened the door wider to foreign funds keen to invest in its fast-growing market for distressed bank debt, allowing them to apply for licences for the first time to operate as provincial-level asset management companies (AMCs). The trigger...
Private equity can be the big winner in the Covid-19 bear market
Investors may already be eagerly hunting bargains amid the carnage in the coronavirus bear market One large and powerful group of investors, with plenty of money to put to work, should be quite relaxed at the precipitous falls stock markets...
EUR/USD Trades Near 1.2125
On Wednesday, the EUR/USD currency pair raised to the 1.2125 level. It is likely that the exchange rate could gain support from the 55-hour SMA and the weekly R2 in the 1.2070 area and trade upwards in the short term....
GBP/USD Remains Below 1.3440
Yesterday, the GBP/USD exchange rate reversed north from the psychological level at 1.3300. It is likely that some upside potential could prevail in the market due to the support area formed by the 55-, 100– and 200-hour SMAs, as well...
Oil Awaits OPEC+ Decision, Gold Little Changed
Oil dips as OPEC+ dithers Crude prices are slightly softer as the latest OPEC+ saga unfolds, with many expecting them to deliver a delay to its output hike. Complicating negotiations is the recent rise of US production. OPEC+ does not...
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