Jobless claims edge lower but are still well above pre-pandemic levels
First-time claims for unemployment insurance continued a modest trend down last week, though the total remains well above what was considered normal prior to the coronavirus pandemic and was a touch higher than Wall Street estimates. The Labor Department reported...
As hopes fade for a major stimulus, here’s what it means for the fragile economy
The U.S. Capitol is seen in the morning on November 4, 2020 in Washington, DC. The nation awaits the results of a historic presidential election between President Donald Trump and his Democratic challenger, former Vice President Joe Biden with swing...
Dollar Selling Takes Off as Stocks Extend Powerful Rally
Dollar’s selloff finally takes off as market enters into US session today. While the final result of US presidential election is still unknown, investors couldn’t wait to push stocks higher. At the time of writing, Canadian Dollar is trading as...
U.S Futures Still up – Watch QCOM, MRK, BMY, AAPL, BABA
The S&P 500 Futures are extending their uptrend in a still uncertain U.S. election outcome. In any case, the next senatorial majority will be short, limiting the room for manoeuvre of both parties. Later today, the U.S. Labor Department will...
EUR/JPY Sets For Breakout
The Eurozone single currency declined by 80 points or 0.65% against the Japanese Yen on Wednesday. The decline was stopped by the 50– and 200– hour SMAs during yesterday’s trading session. Currently, the exchange rate is trading near the upper...
CEE fintechs step up as consumers dump cash
Fintechs in emerging Europe have seen a surge in demand for their services since the start of the Covid-19 crisis as consumers move away from cash and businesses look for new sources of credit. Three leading firms in the region...
The pitfalls of India’s JAM
Picture this: you are the leader of a developing country. Out of 1.4 billion people, nearly 70% live in rural areas, over 20% are illiterate and 22% live below the poverty line of $1.90 a day, according to the World...
BOE’s QE Expansion Exceeds Expectations as Economy Heads for Double Dip
While leaving the Bank rate unchanged at 0.1%, BOE raised the size of asset purchases (QE) by +135B pound to 875 pound. Both decisions were made unanimously. The expansion came in larger than we had anticipated. The staff also revised...
A Biden presidency could ‘soothe the markets’ nerves,’ says Asian bank CEO
SINGAPORE — A Biden administration will likely maintain a tough stance on China, but the U.S. rhetoric could soften — and that may help soothe market jitters, chief executive of a major Asian bank said on Thursday. The race to...
U.S. needs a ‘really, really big’ relief package to keep its economy afloat, says Paul Krugman
Nobel Prize-winning economist Paul Krugman. Panayiotis Tzamaros | ullstein bild via Getty Images The U.S. may need several hundred billion dollars a month in “disaster relief” to keep the economy afloat as a raging coronavirus outbreak continues to suppress prospects...
Signal2forex.com - Best Forex robots and signals




