Forward Guidance: Growth in Employment to Continue in July, at a Slower Pace
Canadian labour markets probably continued to look a little better in July. Though the 400k increase in employment we expect would still leave the job count down about 1.4 million compared to February levels, even after the 1.2 million jobs...
Week Ahead: The Coronavirus Continues to Dominate Global Economies
“The path of the economy will depend on the course of the virus.” This sentence was a new addition to the FOMC’s Monetary Policy statement and reflects the uncertainty of monetary policy. The number of coronavirus cases continue to grow,...
A surge in evictions could turn into financial crisis, economist warns
The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could...
Exxon reports second straight quarter of losses
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Exxon said on Friday that it lost $1.1 billion during the second quarter amid...
What to do if you’re at risk of eviction now that the CARES Act moratorium has ended
Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the coronavirus pandemic, you’re...
GBPUSD Continues to Gain Momentum
Increased economic uncertainty has brought added volatility into global forex markets. Here is a look at key U.S. economic data over the past week that helped move the majors. Personal Income declined 1.1% on month in June (-0.6% expected), compared...
The $600 unemployment boost has ended. What’s next?
U.S. Senate Majority Leader Mitch McConnell (R-KY) arrives as Senate Republicans hold their weekly policy lunch on Capitol Hill in Washington, June 16, 2020. Jonathan Ernst | Reuters The $600 boost in weekly unemployment checks ends Friday. With negotiations between...
USD/JPY Outlook: Strong Corrective Rebound Comes after Six Straight Days in Red
The pair bounced strongly on Friday (up 1.5% for the day so far) after bears faced headwinds and were rejected at 104 zone. Oversold studies and month-end profit-taking contributed to fresh rally (the pair is heading for the first bullish...
GBPAUD Makes a U-turn after 1-Year Low
GBPAUD made U-turn after printing a bullish hammer candle near a one-year low of 1.7693 last week. Since then, the price managed to take the 20- and 50-day simple moving averages (SMAs) out of its way, switching the short-term bias...
U.S. consumer spending rises for second straight month, income drops further
U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits....
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