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Analysis: what does strong NFP mean?

July 2, 2020

The NFP print today was undoubtedly strong. Employment gain surprised to the upside for the second straight month, this time by 1.8m (4.8 vs 3 million) and the unemployment rate declined from 13.3 to 11.1%. What does it mean? That the US economy opened faster than expected. Those jobs are mostly in services...

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BREAKING: Nonfarm Payrolls Beat Expectations

July 2, 2020

The US economy unexpectedly added/lost  4.8  million jobs in June, the most on record, compared to 2.509 million in May and above market expectations of 3 million. It is the second straight month of employment gains after the economy lost a record 20.68 million jobs in April.  The jobless...

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Market Alert: What to expect from the NFP report

July 1, 2020

Last month the NFP report was a massive surprise showing an unexpected rise in employment and lower unemployment rate. This month the report will be released on Thursday due to the long weekend in the US. What to expect? May NFP report started a series of positive economic surprises. While economists...

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July 2, 2020
4:55 PM

US OPEN: Wall Street opens higher on strong NFP report

• NFP payrolls top 4.8 million • US recorded record daily rise of Covid-19 cases • Tesla (TSLA.US) shares jumped 9% on...

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3:57 PM

Analysis: what does strong NFP mean?

The NFP print today was undoubtedly strong. Employment gain surprised to the upside for the second straight month, this time by 1.8m (4.8 vs 3 million)...

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2:13 PM

Stock Market Comment: Advertisers boycott Facebook

New social campaign triggers Facebook boycott Advertisers halt spending on social media platform Microsoft, Starbucks and Pfizer...

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12:34 PM

DE30 approaches 12,500 pts mark ahead of US jobs data

European markets rally on Thursday DE30 just a notch below 12,500 pts SoftBank ends partnership with Wirecard (WDI.DE) European...

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11:09 AM

Trade of the day - USDPLN

EM currencies gained recently Polish zloty lagged USDPLN struggles near mid-term resistance Source: xStation5 Recommendation Trade:...

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July 1, 2020
4:50 PM

US OPEN: Wall Street opens higher on Covid-19 vaccine news

• Pfizer/BioNTech vaccine  shows positive results • ADP figures below forecasts • FedEx shared jumped over 9% US...

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2:49 PM

Top three charts of the week: Silver, USDCAD, US30

SILVER Silver has been trading in an upward trend since the second half of March. However, price of this precious metal has been stuck in a local sideways...

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