Unemployment claims in the United States fell in the previous week to the lowest level since the pandemic started, data from the DOL showed. Seasonally adjusted initial claims were recorded at 547,000 in the week ending April 17, the lowest level since March 14, 2020 at 256,000.The latest claims is 39,000 less than the previous week's revised level of 586,000, also the … [Read more...] about U.S. Unemployment Claims Fall To Lowest Since Pandemic
Forex News
European Central Bank Stands Pat On Stimulus Settings
The European Central Bank kept stimulus settings in place to assert that current conditions are enough to keep the economy in line for a rebound, according to Bloomberg. The deposit rate was kept steady at -0.5%, as officials said they will continue to provide long-term loans to lenders in efforts to keep credit flows to businesses and households.The pandemic-bond buying … [Read more...] about European Central Bank Stands Pat On Stimulus Settings
India Tops U.S. Record To Post World’s Biggest Daily COVID-19 Tally
India reported 314,835 new COVID-19 infections on Thursday to top the previous record of 314,312 recorded in the United States in December, according to Bloomberg. Indian Rupee is down 2.4% to US Dollar this month.The latest figures brought India's total infections to 16 million, the second-most across the globe.COVID-related deaths are at 184,000, making the country's … [Read more...] about India Tops U.S. Record To Post World’s Biggest Daily COVID-19 Tally
The Upbeat UK and Australia Data Putting Pressure on the USD, XAU/USD Eyeing the $1,800 Mark
The Office for National Statistics (ONS) reported on Wednesday that housing price inflation in the UK rose 8.6% year-over-year for February 2021 compared to January 2021. This is a sign of recovery in the UK economy, and now upward pressure on the cable is building up.Australia’s retail sales for March are up 1.4%, hence flooring the expected 1%. The Australian dollar looks to … [Read more...] about The Upbeat UK and Australia Data Putting Pressure on the USD, XAU/USD Eyeing the $1,800 Mark
Brazil Out, South Korea In Top 10 Biggest Economies
Brazil dropped out of the world's 10 biggest economies in 2020 and was replaced by South Korea due to the COVID-19 pandemic, according to an analysis conducted by CNBC. Global superpowers the United States, China, Japan, and Germany remained as the top economies, based on economic forecasts of the International Monetary Fund (IMF).India slipped to sixth place behind the … [Read more...] about Brazil Out, South Korea In Top 10 Biggest Economies
