First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street estimates of 800,000 and above the previous week’s total of 784,000. Markets reacted little to the number, as the decline in economic
A Delta Air Lines plane lands at Los Angeles International Airport Mario Tama | Getty Images Delta Air Lines halved its cash burn and narrowed its losses in the fourth quarter as the coronavirus pandemic drove the carrier to its worst year ever, the company said Thursday. The Atlanta-based airline posted a net loss of
Although there is scope for further near-term consolidation, the S&P 500 Index still maintains a large bullish “outside week”, which reinforces the uptrend, and economists at Credit Suisse stays bullish for the “measured triangle objective” at 3900. Key quotes “Another consolidation session for the S&P 500 as the uptrend pauses and although this should be
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In this video we cover a simple and accurate forex scalping strategy for the 5 minute (m5) chart. Scalping is a style of short-term trading that is popular among many forex traders today. By finding a good scalping strategy, you will be able to take accurate trades on the 5 minute charts, and even the
Wide ranges continue The bitcoin chart is starting to look better. The big drop to $30,100 from $41,986 highlights a couple things: 1) The bitcoin market likes big round numbers. We’ve seen it before and we’ll see it again 2) There’s panic, but no real panic A 28% drop is no joke in any market
Forex news for Asia trading for Thursday 14 January 2021 There were sharp moves in Asia today on the news that new (soon to be) President Biden’s stimulus plan could be in the order of $US2tln, whereas as previous expectations had it pegged around $1.3tln. aud/usd ticked just a few points higher as the news
Oil producers face an unprecedented challenge to balance supply and demand as factors including the pace and response to COVID-19 vaccines cloud the outlook, an official with International Energy Agency (IEA) said on Wednesday. “Producers are grappling with huge uncertainty about where this goes from here,” said Tim Gould, head of energy supply outlooks and
Sterling strength continues today, in the otherwise mixed markets. UK Prime Minister Boris Johnson told the parliament that restrictions measures are already “starting to have an effect in many parts of the country”. Canadian Dollar is following as second strongest for today, lifted slightly by upside acceleration in oil prices. Dollar, as the third strongest,
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. Brian Snyder | Reuters Unemployment for the lowest-paid workers in the U.S. is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help
AUD/USD back below the 0.7750 mark on Wednesday, closing with losses of about 0.5%. Focus will be on events stateside this week, with Biden unveiling stimulus plans, Fed Chair Powell and plenty of data. AUD/USD came off the boil on Wednesday, closing FX trade with losses of about 0.5% or 40 pips and dropping back
Trend line was broken but quickly rebounded The AUDUSD has moved lower today after a run higher into the close and Asian session, ran into the underside of a broken trend line and rotated lower (see blue numbered circles). The push lower moved to test another trend line (this one an upward sloping line –
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Still facing a courtroom assault in the U.S. for allegedly facilitating money laundering, BitMex is trying to show regulators that it’s trying. On Jan. 12, the legally besieged crypto exchange released a blog post advertising further work with blockchain analytics firm Chainalysis. BitMex said its aim was “to identify, investigate, and stop illicit transactions.” Chainalysis
Gold prices fell Rs 108 to Rs 48,877 per 10 gram in the national capital on Wednesday as rupee appreciation capped upside in the price of the precious metal, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 48,985 per 10 gram. However, silver prices rose Rs 144 to
Similar to Australian dollar, Canadian dollar this year should continue to benefit from broad-based USD weakness, global recovery, and rebound in commodity, in particular crude oil, prices. However, with the US as its largest trading partner, BOC should track the Fed’s monetary policy closely, and avoid excessive appreciation of CAD against USD. This could limit
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a