Employment growth was better than expected in October and the unemployment rate feel sharply even as the U.S. faces the challenge of surging coronavirus cases and the impact they could have on the nascent economic recovery. The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists
Month: November 2020
SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Space tourism company Virgin Galactic reported third quarter results on Thursday with an increased loss as the company looks to fly two more test spaceflights to finish its development program. “During the quarter we made good progress completing the final steps to
Joe Biden has been elected the 46th President of the United States according to Fox News, AP, ABC, NBC, and CNN. The former Vice-President has pulled ahead in Pennsylvania. The latest batch of votes from the Keystone State put Biden ahead by around 34,000 votes ahead of President Donald Trump. Here is the official post
Following the Associated Press’ call earlier today that President-elect Joe Biden had won victory over incumbent Donald Trump in the U.S. presidential race, the 174 year-old organization — which has been covering elections since 1848 — subsequently published their call on the Ethereum and EOS blockchains, triggering at least one prediction market outcome. However, some
The 100/200 day MA stalled the rally on Wednesday. Nevertheless, a Trump victory would hurt the MXN (he is just a hibernating bear). A Biden victory would conversely be more positive for the MXN (weaker USDMXN), even if it is only the relief that bear has left the neighborhood. Also the post, a move to the upside would target the 100 and
Forex news for North American trade on November 6, 2020: Markets: Gold up $3 to $1952 US 10-year yields up 6 bps to 0.82% WTI crude oil down $1.37 to $37.43 S&P 500 flat at 3509 CHF leads, AUD lags It was a wild week but the final session was a more-subdued affair as the
Mumbai: Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during this ‘Dhanteras’ and the industry is likely to do up to 70 per cent of last year’s business. Notwithstanding the ruling high gold prices and ongoing COVID-19 uncertainties, jewellers are expecting
According to the CFTC Commitments of Traders report for the week ended November 3, NET LENGTH for crude oil futures plunged -29 360 contracts to 442 460 for the week. Speculative long position declined -20 633 contracts, while shorts gained +8 997 contracts. For refined oil products, NET LENGTH for gasoline decreased -8 483 contracts
The labor market was stronger than expected in October, showing good momentum ahead of the latest wave of coronavirus cases. The economy added 638,000 nonfarm payrolls and the unemployment rate fell by a full percentage point to 6.9%. The government compiled the data for the report in the middle of October. Stock futures temporarily erased
Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images Zillow shares climbed more than 8% in extended trading on Thursday after the digital real estate company reported third-quarter estimates that blew past analysts estimates and offered a better-than-expected forecast for the fourth quarter. A combination of record low
Gold is on the verge of a rally to 2,000, especially if the US election tension spills into next week. Support at 1,950 is key to ensuring that buyers keep their eyes on the ultimate prize, 2,000. Gold rallied significantly this week amid tension regarding the United States 2020 presidential election. The precious metal closed
Bitcoin price (BTC) appears to be taking a short breather after reaching a new 2020 high at $15,960 on Nov. 5. The 1-hour and 4-hour timeframe show the price compressing within a flag and throughout the majority of the trading day, the $15,500 level has held as support. $15,750 is the level Bitcoin needs to
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NASDAQ closes up 9% for the week The major indices are closing little changed. The NASDAQ index closed marginally higher for the 5th consecutive day the S&P index fell marginally snapping a 4 day winning streak the Dow industrial average also fell snapping its 4 day winning streak major indices have their best week since April
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BENGALURU/MUMBAI: Gold buying in India lost steam this week as prices scaled a 2-1/2 month peak ahead of major festivals, while discounts in top-consumer China dropped on a surging yuan. Indians celebrate the Diwali and Dhanteras festivals next week. “Retail demand has started falling due to the price rise. Even jewellers have cut down purchases,”
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