The U.S. House and Senate will vote on Monday on a $900 billion pandemic relief package alongside a $1.4 trillion measure for government funding, reports Bloomberg. The relief and funding end days of intense negotiations amidst possible rifts with the Fed. On Sunday, the House and Senate passed a one-day continuing resolution to keep the government open through Monday at … [Read more...] about U.S. Congress Set to Vote on $900 Billion Relief Package, but Fights Linger
Forex News
More Americans Unable to Work Due to Surge in Coronavirus Cases
The number of employed Americans shrank by 4.3 million in the two weeks ended December 7, according to the Census Bureau press release. The fall comes even as the number of employed Americans rose by 2.4 million in the previous tally. Almost 5 million Americans now say they can’t work because they are sick of coronavirus. Another 5.2 million can’t work because they fear … [Read more...] about More Americans Unable to Work Due to Surge in Coronavirus Cases
U.S. Recorded Further Increases in Private Housing Permits, November 2020
U.S. privately-owned housing unit’s permits rose 6.2% to 1,639,000, up from October’s rate of 1,544,000, according to the Census Bureau press release. The authorizations rose 8.5% above the November 2019 rate of 1,510,000. Housing PermitsSingle-family authorizations in November rose 1.3% to 1,143,000.Authorizations of units in buildings with five units or more were at a … [Read more...] about U.S. Recorded Further Increases in Private Housing Permits, November 2020
U.S. Initial Claims Rise the Highest Since September amid Rising Coronavirus Cases
U.S. initial claims for the week ending December 12 were 885,000, a rise of 23,000 from the previous week, and above expected 817,000 according to the Department of Labor press release. The total number of continuing claims for the week ended December 5 was 5.5 million lower than the expected 5.7 million. The previous week's initial claims were revised up by 9,000 from … [Read more...] about U.S. Initial Claims Rise the Highest Since September amid Rising Coronavirus Cases
Top 10 Best Performing Currency Pairs in 2020
What to expect in 2021 from the Forex market The exchange rates in 2021 will be decided by the degree of confidence traders have in the global economy recovering after the pandemic. It is estimated that the USD will depreciate sharply in 2021, by as much as 5%-10% against other major currencies. The effect of the pandemic on Europe and the USA will reduce the … [Read more...] about Top 10 Best Performing Currency Pairs in 2020
