Monthly Archives: April 2020

US initial jobless claims 3839K, what brings the total job losses near to 30 million

In the week ending April 25, the advance figure for seasonally adjusted initial claims was 3,839,000, a decrease of 603,000 from the previous week’s revised level. The previous week’s level was revised up by 15,000 from 4,427,000 to 4,442,000. The 4-week moving average was 5,033,250, a decrease of 757,000 from the previous week’s revised average. The previous week’s average was

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ECB leaves key rates unchanged, PEPP size stays at €750 billion. Watch Live press conference on ForexTrader

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The conditions on the targeted longer-term refinancing operations (TLTRO III) have been further eased. Specifically, the Governing Council decided to reduce the interest rate on TLTRO III operations during the period from June 2020 to June 2021 to 50 basis points below the average

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FOMC; Rates stayed unchanged in a range of 0.00% to 0.25%

Federal Reserve issues FOMC statement The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken to

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A total mess on Oil market with CFD’s, Futures, rollover’s and some more…

If you are an amateur retail trader you’ve probably don’t know what in the hell is  happening with Oil prices recently (I am not talking about the fall) and that’s not strange. We experienced traders are also confused, searching for the proper explanations. To be honest, I found a couple of good ones, but I can honestly say that I

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Initial jobless claims bringing the total to over 22 million workers over the last 4 weeks

In the week ending April 11, the advance figure for seasonally adjusted initial claims was 5,245,000, a decrease of 1,370,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 6,606,000 to 6,615,000. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week’s revised average. The previous week’s average was

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Crude oil inventories build 19.2 million. The price still flirting with $20

crude oil inventory build reached 19.248 million vs 12.7 million estimate. It was the largest weekly build on record. The private API data showed a build of 13.143M barrels gasoline inventories showed a build of 4.914M distillates showed a build of 6.28M Cushing OK crude oil build 5.724M vs 6.417M last week Gasoline demand remains depressed at 5836.4 (vs 5834.0) Crude oil demand 15.320M vs

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The biggest Oil cut in history is made, but the price isn’t reacted positive for now. Here’s my view of the possible move if $20 holds. CANCELED and updated on APril 15.

OPEC+ made a historic agreement and finalized plans on Sunday to steeply cut oil production by a combined 9.7 million barrels per day.  Also, the U.S. additional cuts are expected from producers outside the OPEC+ group, which means how they expected total global oil cuts to amount to more than 20 million bpd, or 20 percent of global supply, effective

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US initial jobless claims 6606K

In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000, a decrease of 261,000 from the previous week’s revised level. The previous week’s level was revised up by 219,000 from 6,648,000 to 6,867,000. The 4-week moving average was 4,265,500, an increase of 1,598,750 from the previous week’s revised  average. The previous week’s average was

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Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4%

Nonfarm payroll employment declined by 701,000 in March, and the unemployment rate increased to 4.4 percent, reflecting the broad impact on the job market of the coronavirus (COVID-19) and efforts to contain the illness. Employment fell by 459,000 in the leisure and hospitality industry, mainly in food services and drinking places. Notable employment decreases also occurred in health care and

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