Weekly jobless claims data Lowest since the pandemic started Prior was 1434K (revised to 1435K) Continuous claims 16107K vs 16900K PUA claims 655K vs 909K prior (lowest since the week the program was introduced) Better numbers on initial jobless claims but it’s still daunting how they’ve remained so high. For bank trade ideas, check out
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Grapevine has it that residents who purchased gold and silver jewellery, and bars and coins at huge premiums post demonetisation on November 8, 2016 have got an exit with gold hitting record highs past Rs 55000 per 10 gm and silver spot at Rs 73617 a kilo Thursday, just shy of the record Rs 75020
Sterling remain remains the strongest one for today, as it’s maintaining post BoE gains. Nevertheless, there is no apparent follow through buying after the initial surge. On the other hand, Dollar appears to be stabilizing mildly, and it’s receiving some support from better than expected jobless claims. Though, the key for the greenback is still
The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday. That total was well below the 1 million expected from economists surveyed by Dow Jones and represented a tumble from the 4.314 million created in June, according to the report, which
Travelers order food in automated self-ordering kiosk at fast-food Burger King restaurant chain. Bundrul Chukrut | LightRocket | Getty Images Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons. But Popeyes, powered by its popular chicken sandwich, reported same-store
A recent 51% attack that impacted Ethereum Classic (ETC) is believed to have resulted in approximately $5.6 million worth of the cryptocurrency being double-spent. A report published by Aleksey Studnev of blockchain forensics firm Bitquery on August 5 has revealed the extent of the incident, with Bitquery estimating that the attacker made off with 807,260
The EURUSD reaches the July highs and backs off The EURUSD trended higher into the NY session and looked toward the July highs at 1.1904-08. The high reached 1.19043 but could not go any further. Sellers leaned and the price has rotated lower over the last 3+ hours. See the earlier post. The move to
According to the latest Reuters poll of around 60 foreign exchange strategists, GBP/USD is likely to ease by end-2020 from current levels, in the face of Brexit uncertainty and coronavirus crisis. Key findings “The pound would dip to $1.29 in a month and to $1.28 in three months before returning to current levels in a
Pompeo has warned widely on China, and continues to do so: urges U.S. citizens to exercise increased caution with respect to travel in or to China Announced a ‘clean network’ to use tech not from China More on the clean network: Clean Carrier: To ensure untrusted People’s Republic of China (PRC) carriers are not connected
NEW YORK: Oil prices rose to their highest since early March on Wednesday after a large decline in US crude inventories and supported by a weak dollar, but mounting coronavirus infections had investors worried about the demand outlook. Brent crude was up $1.51, or 3.4%, at $45.94 a barrel by 11:13 a.m. ET (1513 GMT).
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -2.11 mmb to 1452.57 mmb in the week ended July 31. Crude oil inventory declined -7.37 mmb (consensus: -3 mmb) to 518.6 mmb. Stockpile fell in 3 out of 5 PADDs. PADD 3 (Gulf
Customers shop at the CVS Pharmacy, on Morrissey Boulevard, in Dorchester, on April 2, 2020. Some pharmacy workers worry about unsafe conditions at their stores. Pat Greenhouse | Boston Globe | Getty Images CVS Health on Wednesday reported that it beat expectations for earnings and revenue in the fiscal second quarter. Shares of the company were
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Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot Aug. 5. Source: Coin360 Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having
Disney helps to push the Dow higher The major indices are opening higher after Disney’s earnings and their pivot away from theaters and more toward their Disney plus channel. They announced that they would release Mulan on that station for a one time fee of around $30. Disney shares are up over 6% on the day
ADP reported an increase of only 167,000 private-sector jobs in July while the manufacturing employment remains depressed according to ISM. The broader services sector also looks depressed. A negative NFP looks more likely with gold extending its upward trend, FXStreet’s analyst Yohay Elam reports. Key quotes “The ISM Non-Manufacturing Purchasing Managers’ Index’s headline figure rose