Menu
Sister Sites

  • U.S. unemployment rolls seen swelling as coronavirus restrictions bite

    From reuters.com

    The Labor Department’s weekly jobless claims report on Thursday will probably reinforce economists’ views of a protracted recovery of the economy, which is reeling from nationwide lockdowns to slow the spread of COVID-19, the respiratory illness caused by the coronavirus. The economy shrank in the first quarter at the steepest pace since the Great Recession from 2007-2009. The weekly claims report would follow news on Wednesday that private payrolls fell by a record 20.2 million in April, which set up the overall labor market for historic job losses last month. “Even with the economy slowly starting to reopen, ... (full story)

Yes todays data is important, but we will watch rise of unemployment gradually. Check the data from 2008, the peak of unemployment was in 2009, not immediately
  •  Guest
  • | IP X.XXX.156.34
Join FF
    • Older Stories  
    Fed's Kashkari: Unfortunately It Looks Like The Recovery Is Going To Be Slow

    From @LSTrade2|May 7, 2020|6 comments

    tweet at 7:14am: Fed’s Kashkari: Unfortunately It Looks Like The Recovery Is Going To Be Slow tweet at 7:11am: Fed’s Kashkari: Thinks True Unemployment Rate Is 23% To 24% But Report Likely To Show Lower Number We Can Avoid Depression Scenario But We're In For A Long Gradual Recovery tweet at 7:10am: Fed’s Kashkari: Bad Jobs Reports Tomorrow Would Understate The Damage Because Many People Are Not Looking For Work - NBC

    Bailey: BoE Could Do More QE In June

    From @LiveSquawk|May 7, 2020|1 comment

    tweet at 7:00am: BoE’s Bailey: BoE Could Do More QE In June $GBPUSD tweet at 7:03am: BoE’s Bailey: BoE Not Ruling Anything Out On Further Measures – BBG TV tweet at 7:03am: BoE’s Bailey: We Are Nowhere Near Using Negative Rates - BBG TV BoE’s Bailey: No Big Distinction Between BoE Policy And Open-Ended QE

    USDCHF’s gains struggle within a sideways structure

    From xm.com|May 7, 2020

    USDCHF is currently tackling the 0.9767 high after finding some footing at the 0.9730 level, that being the 23.6% Fibonacci retracement of the up leg from the 56½-month low of ...

  • Story Stats
  • Related Stories