UK’s jobless claims in November were 64,300, up from October’s -64,100, according to the Office for National Statistics press release. The Claimant Count rate was 7.4%, up from the previous month's 7.2%. Prior jobless claims change was revised better from -29,800 to -64,100.Prior claimant count rate was revised lower from 7.3% to 7.2%.The average total pay among employees … [Read more...] about UK Jobless Claims Rise in November amid Tightening Coronavirus Restrictions
Forex News
Oil Slips on Demand Uncertainties of Tightening COVID-19 Restrictions
Oil fell towards $50 a barrel on Tuesday on forecasts of slower demand recovery and tightening coronavirus lockdowns in Europe, reports Reuters. Brent crude declined by 2 cents to $50.27 a barrel at 0910 GMT, but U.S. West Texas Intermediate (WTI) crude was up 2 cents at $47.01. Oil forecasters project global demand to pick up in the second half of next year rather than at … [Read more...] about Oil Slips on Demand Uncertainties of Tightening COVID-19 Restrictions
Industrial Production in Euro Area and EU Rises, Remains Below October 2019 Level
October 2020 industrial production rose by 2.1% in the euro area and 1.9% in the EU, according to Eurostat press release. The industrial production increase was higher than the September 2020 growth of 0.1% in the euro area and 0.3% in the EU. In October 2020, compared with October 2019, industrial production fell by 3.8% in the euro area and by 3.1% in the EU. In … [Read more...] about Industrial Production in Euro Area and EU Rises, Remains Below October 2019 Level
US Dollar Outlook for 2021 – Is it a Buy, Sell or Hold?
The US dollar has had a rough ride in 2020. The currency soared to a multi-year high in the first quarter and then collapsed to the lowest level since 2012 in December. It has dropped against all major currencies like the euro, yen, and franc and emerging market currencies like the South African rand and the Mexican peso. In this article, we will provide an outlook for the US … [Read more...] about US Dollar Outlook for 2021 – Is it a Buy, Sell or Hold?
U.S. Initial Jobless and Continuing Claims Rises Above Expectations
U.S. initial jobless claims for the week ending December 5 was 853,000, up 137,000 from the previous week and above expected 725,000, according to the Department of Labor press release. Continuing claims were 5.76 million, up from the expected 5.21 million. Prior initial jobless claims were revised up by 4,000 from 712,000 to 716,000 Prior continuing claims … [Read more...] about U.S. Initial Jobless and Continuing Claims Rises Above Expectations
