Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020. The total represented a substantial decrease from the previous week’s upwardly revised 386,000. Continuing claims, which run
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Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Twitter shares rose as much as 9% in extended trading
EUR/JPY bears are eyeing a significant downside correction on the monthly time frame. The price is testing a critical daily and 4-hour resistance area. The following is a bearish perspective of the current market structure in EUR/JPY across the time frames, from the monthly chart all the way down to the 4-hour chart. Monthly chart
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Bitcoin (BTC) circled $32,000 on July 22 after excitement over fresh comments by Elon Musk resulted in strengthening of support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls regroup at $32,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $31,500 and $32,000 overnight on Wednesday, hours after Musk joined others in praising
GBP/USD is up slightly to 1.3730 to start European trading Invest in yourself. See our forex education hub. Things were looking ugly for cable at the start of the week but they are turning around now, after support near the 4 February low @ 1.3566 held. The low yesterday touched 1.3572 but it was enough
Gold The gold markets have been challenging to trade recently due to a stronger dollar. You may have been puzzled why real yields were dropping lower, but gold seemed so slow to fly higher. Why? It was the strong USD that was clipping gold’s wings. Look at the chart below and see how gold moved
NEW DELHI: Gold prices slipped on Thursday as the risk appetite of the investors improved. They looked to bet on riskier assets after a sharp fall earlier this week. However, the fall in precious metals was capped on . The dollar remained stronger and investors looked past economic threats from rising cases of the Delta
Dollar and Yen lost their position as the strongest ones as US stocks staged another day of massive rebound overnight, together with treasury yields. On the other hand, Canadian Dollar is currently the best performer for the week, helped by WTI crude oil’s reclaim of 70 handle. But Aussie and Kiwi remain the weakest at
[The stream is slated to start at 9:30 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Committee on Banking, Housing and Urban Affairs to conclude his two-day appearance on Capitol Hill to discuss the economy and
In this article JNJ In this photo illustration a Johnson & Johnson logo is seen in front of a medical syringe and a vial with coronavirus vaccine. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Johnson & Johnson said Wednesday it expects to sell $2.5 billion of its Covid-19 vaccine, even as concerns
AUD/USD attracted buying for the second consecutive day and recovered further from YTD lows. The risk-on impulse undermined the safe-haven USD and benefitted the perceived riskier aussie. COVID-19 jitters might hold bullish traders from placing aggressive bets and cap gains for the pair. The AUD/USD pair edged higher during the early European session and climbed
AUD/USD reversed its direction in the second half of the day. US Dollar Index looks to snap four-day winning streak. Wall Street’s main indexes continue to trade in the positive territory. The AUD/USD pair dropped to its lowest level of 2021 at 0.7290 during the European trading hours but managed to stage a recovery in
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