Coronavirus hits already struggling US farmers: ‘We’ve stopped saying it can’t get worse’
In this photo taken March 20, 2020, cattle rancher Joe Whitesell rides his horse in a field near Dufur, Oregon, as he helps a friend herd cattle. Gillian Flaccus | AP U.S. farmers have endured a slew of financial hardships...
As Recovery in Stocks Lose Momentum, Could Dollar Strike Back?
While the coronavirus pandemic continued to worsen globally, investor sentiment somewhat stabilized after governments and central banks rushed to push out tighter lockdown measures, fiscal stimulus and monetary easing. Dollar suffered massive selling on easing risk aversion, improving funding conditions,...
Canadian Dollar Weakened but Not Headed for Historical Lows
Canadian dollar traded below 70 cents this week, but don’t dust off “Northern Peso” references 2019 was an unusually quiet and stable year for the Canadian dollar. 2020 has been anything but. Canada’s currency was worth 77 US cents at...
Weekly Economic and Financial Commentary
U.S. Review Virus Shutdowns Begin to Show Up in the Data The U.S. surpassed Italy and China with the most confirmed cases of COVID-19. Europe is still the center of the storm, with the total cases in Europe’s five largest...
The Weekly Bottom Line: Fiscal Stimulus on the Way as US COVID-19 Cases Surpass China
U.S. Highlights Another eventful week for financial markets as they digested the news that Congress had agreed to a giant $2 trillion relief bill. Stimulus is sorely needed, with more than three million Americans filing for unemployment insurance benefits last...
Forward Guidance: Near-Term Layoffs to Accelerate – But Will Virus Cases?
The week past has seen eye-popping layoff numbers in both Canada and the US with reports that almost a million jobless claims were filed last week alone in Canada, and 3.3 million in the US. These were unprecedented increases, and...
BoC Slashes Rates to 0.25%
Yet another Central Bank holds an emergency meeting and cuts interest rates. It seems like it was only a matter of time before the Bank of Canada (BoC) made another inter-meeting move and cut rates by 50bps from 0.75% to...
‘No layoffs’ — Bank of America CEO doesn’t want workers worrying about jobs during coronavirus crisis
A sign hangs above the entrance to a Bank of America branch in Chicago, Illinois. Scott Olson Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs this year, joining banks including Morgan Stanley...
Pence says economic fundamentals remain strong despite massive coronavirus impact
Vice President Mike Pence said Friday that the fundamentals of the U.S. economy remain robust despite the coronavirus pandemic that has tanked markets and led to unprecedented layoffs of millions of Americans. “While the stock market has ebbed and flowed,...
Coronavirus stimulus just pushed Fed’s balance sheet past $5 trillion for the first time ever
Though the Federal Reserve’s efforts to keep markets running and boost the economy are just getting into gear, its asset portfolio has reached levels never seen before. The central bank’s balance sheet, which consists largely of bonds and other assets...
Signal2forex.com - Best Forex robots and signals




