Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
U.S. Initial Jobless Claims Surge to a New…
U.S. initial jobless claims surge again at 6648K vs 3700K estimate for the week ending March 28. This is a new unfortunate record. A bad figure was anticipated, as a large number of Americans were…
USDCAD Retreat On Weak U.S. Economic Data
USDCAD trades 0.38% lower at 1.4138 after the worse than expected initial jobless claims from the USA. The Initial Jobless Claims for March 20, came in at 3283K, topping the expectations of 1000K. The Initial…
Asian Stocks Lower As Risk-Off Sentiment Returns to…
Asian stocks finished lower on Thursday after the rebound from recent sell-off, as investors await the Initial jobless claims from the USA for the first evaluation of the coronavirus outbreak impact on the real economy.…
U.S. Jobless Claims: A Nightmare Scenario is Unfolding
US jobless claims are out at in the high range estimate at 3283K – very bad. As mentioned in my note this morning, keep in mind that an undefined number of claims went unreported as…
This is the Most Important U.S. Data This…
Summary: Today at 12:30 GMT, weekly U.S. jobless claims data will be released for the week ending March 21. It is the most important U.S. statistics this week as it will give an early indication of…