Fear and desperation on Main Street as small businesses struggle to survive despite PPP and other federal loan programs
People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters Lia Hakim was excited...
Dollar Rebounds Broadly as Investor Sentiment Turns
Dollar rebounds broadly today as investors turn cautious since European session. Fear of a second wave of coronavirus pandemic is cited by some as a reason for mild risk aversion. US-China tension is another factor named. For now, Swiss Franc...
Second Phase Fear Kicking In?
It’s been a bit of a tentative start to the week, with European stocks giving back earlier gains and US futures now pointing a little lower. Investors have been growing in confidence in recent weeks as countries around the world...
US stock futures decline, following gains last week, on jitters about reopening the economy
A masked pedestrian carrying water bottles walks past the Charging Bull statue in lower Manhattan on April 02, 2020 in New York City. Bruce Bennett | Getty Images U.S. stock futures fell on Monday amid jitters about reopening the economy...
RBNZ to Maintain Dovish Tone in May, Preparing for QE Expansion
We expect RBNZ to leave its OCR at 0.25% at the May meeting. However, given the prospect of very gradual economic recovery, policymakers would maintain a dovish tone and suggest that further stimulus measures are likely. QE expansion is a...
Yen Tumbles as Markets Return to Risk Appetite
Return to risk appetite is a main theme in the markets as another week starts. Another rate move by China’s PBoC support sentiments in general. Yen drops broadly as a result while Canadian and Australian Dollar strengthen. Though, New Zealand...
GBPUSD 1.2470 Key
The British pound look set for a major week ahead against the US dollar as the pair searches for a medium-term technical breakout. A move above the 1.2470 resistance level exposes further gains towards the 1.2600 level, while a move...
Mnuchin says jobless numbers will ‘get worse before they get better’ — unemployment may have hit 25%
Treasury Secretary Steven Mnuchin speaks during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room at the White House on April 2, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images WASHINGTON — Treasury Secretary...
Risk Rally Inconclusive, Dollar Index and Gold Range Bound
Global stock markets somewhat strengthened last week as most countries continued with their coronavirus lockdown exit plan. Yet, with the exception of NASDAQ, major indices were capped below prior week’s high. Tensions between US and China remained a major focus....
It pays to stay unemployed. That might be a good thing
People walk along Broadway as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. The Bureau of Labor Statistics announced on Friday that the US economy lost 20.5 million jobs in April....
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