Week Ahead – Recovery Hopes to Remain Front and Centre as Fed to Sit Out June Meeting
As global markets set their sights on a quick recovery from the COVID-19 crisis, key economic data for April – when the pandemic impact is thought to have peaked – will likely be sidelined next week. The Federal Reserve might...
Blowout jobs report shows ‘big hedge fund guys’ got it wrong and the market was right, says Cramer
Jim Cramer Scott Mlyn | CNBC Following a “superb” jobs report, Jim Cramer said hedge funds managers who made big bearish predictions about what the coronavirus pandemic would do to the market and economy were wrong. And the relentless higher...
May’s record jobs comeback: Here’s where the jobs are in one chart
The government’s May jobs report stunned Wall Street with the largest number of payrolls gained on record and a drop in the unemployment rate during a month when most expected grim comparisons to the Great Depression. The U.S. leisure and...
The Recovery Already Started, Stocks and Treasuries Soar
The Recovery already started, stocks and treasuries soar, Oil’s NFP bounce hits a wall, Gold tanks on robust labor report US stocks continue to rock and roll after a better than expected nonfarm payroll report suggest the economic recovery already...
Dollar Trying a Rebound as NFP Grew in May, Yen and Franc Weaken
Dollar attempts to rebound after non-farm payroll employment unexpectedly rebounded while unemployment rate fell. But strength is mainly centered against Yen, Swiss Franc, and to a lesser extent Euro. Commodity currencies continue to be the strongest ones, together with Sterling....
Unlike during past economic downturns, Americans have money in their pockets this time
Source: Chime An unusual phenomenon is occurring during the sharpest downturn in U.S. history: Americans have money in their pockets. Economic and banking data are revealing that Americans are earning and saving money during the coronavirus crisis, thanks to unprecedented...
Santander’s positivity is an outlier in Brazil
A Santander office gleaming in the São Paulo sunshine As the first of Brazil’s big banks to report first-quarter earnings, there was more focus than usual on Santander Brasil at the end of April as people searched for clues about...
GBPUSD Spikes Above 1.2600 But Returns Some Gains
GBPUSD spiked towards a three-month high of 1.2705 but it finished the session below the 1.2645 barrier on Thursday. The upside rally which started after the rebound on the 1.2075 support could take a breather in the near term as...
GBPAUD Bears Take A Breather At The Bottom Of A Tight Channel
GBPAUD strengthened its negative momentum within a narrow descending channel and touched a 1½-year low at 1.8053 this week after tumbling below the 1.8500 mark. With the price currently consolidating near the bottom of the channel, and the RSI and...
Digital disbursements plug gaps left by Covid-19 relief effort
The global lockdown has forced millions of people to stay at home. Local shops, restaurants and bars are all under extreme financial stress as foot fall has collapsed and the realization dawns that it may not recover swiftly even as...
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