Sterling Recovers after BoE, Yen Paring Gains
Sterling recovers mildly today after BoE left monetary policy unchanged as widely expected. Two members voted for an increase in asset purchase but that was shrugged off by the markets. Though, Australian Dollar is even stronger for the moment. Yen...
GBPUSD Looks To Weaken Further Lower
GBPUSD looks to correct further lower as it holds on to its downside pressure. Support stands at 1.2300 area with a break turning focus to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will...
Asia Morning: Largest Reduction In US Private Jobs
On Wednesday U.S. stocks closed mixed as data showed the biggest reduction in private jobs on record. The Dow Jones Industrial Average retreated 218 points (-0.9%) to 23,664, the S&P 500 fell 20 points (-0.7%) to 2,848, while the Nasdaq...
Stocks making the biggest moves after hours: Spirit Airlines, Etsy, Paypal and more
Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after...
Most 2020 swing state voters want more direct payments during coronavirus, CNBC/Change Research poll finds
People hold signs as they take part in a “reopen” Pennsylvania demonstration on April 20, 2020 in Harrisburg, Pennsylvania. Nicholas Kamm | AFP | Getty Images About three-quarters of likely voters in 2020 election battleground states support sustained direct payments...
Small business loans are not going proportionately to the hardest-hit areas, Fed study shows
States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus...
Fed’s James Bullard says the jobs report on Friday will be one of the worst ever
St. Louis Federal Reserve President James Bullard said Wednesday that the April jobs report being released on Friday will likely be one of the worst in American history. “But that’s kind of expected because you’re using the unemployment insurance program...
GBPCAD Drifts, Stalled Within a Sideways Market
GBPCAD found some traction at the 200-period simple moving average (SMA) of 1.7378 following a drop from the 1.7703 level. The price is still within the confines of a short-term trading range since April 8, something also endorsed by the...
Worst Nonfarm Payrolls Ever?
The US employment report for April will hit the markets at 12:30 GMT on Friday and will reveal just how much economic damage the pandemic has inflicted on the American economy. Forecasts point to a breath-taking 21.8 million job losses,...
Treasury launches 20-year bond to help fund the record borrowing needed this quarter
The Treasury Department is launching a new 20-year bond in an effort to fund a record level of borrowing the government will need to do this year to support the economy through the coronavirus pandemic. As part of its quarterly...
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