Biden hails strong jobs report, but warns economy could slow if COVID surges again

2/2 © Reuters. The spread of the coronavirus disease (COVID-19), in Fayetteville 2/2 WASHINGTON (Reuters) -U.S. President Joe Biden on Friday welcomed data that showed the U.S. economy created the most jobs in seven months in March but warned Americans that the progress on the economy could be reversed if the coronavirus surges through the […]

Continue Reading

The NZD is the strongest and the CAD is the weakest ahead of the US jobs report

The USD is mixed The snapshot of the strongest to weakest ahead of the US jobs report is showing the NZD is the strongest, the CAD is the weakest. The USD is right in the middle with nearly equal gains vs losses vs the major indices. The USD is highest vs the CAD (at +0.14%) […]

Continue Reading

Dollar modesty higher after jobs report but what technical levels are key going forward

What the charts are saying now and going into next week’s trading The US dollar is modestly higher after the better than expected jobs report but off the initial spike levels.  EURUSD: The EURUSD fell to a low of 1.1755 but has bounced back to 1.1768 currently.  The pair trades between the 200 hour MA […]

Continue Reading

Robust U.S. employment growth expected in March, jobs deficit remains large

© Reuters. FILE PHOTO: Construction workers wait in line to do a temperature test to return to the job site By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push […]

Continue Reading

Thailand loses 1.45 million tourism jobs from pandemic: tourism group

2/2 © Reuters. FILE PHOTO: People enjoy Cha-am Beach in Phetchaburi province 2/2 BANGKOK (Reuters) – Thailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the […]

Continue Reading

ForexLive Americas FX news wrap: Canadian dollar hits 3-year high on strong jobs

Forex news for North American trade on March 12, 2021: Markets: Gold flat at $ 1721 S&P 500 flat at 3940 US 10-year yields up 9 bps to 1.63% WTI crude down 42-cents to $ 65.61 CAD leads, NZD lags The rise in Treasury yields had markets off balance coming into the day but this […]

Continue Reading

Oman extends Omanisation by giving locals higher education jobs

2/2 © Reuters. FILE PHOTO: General view of old Muscat the day after Oman’s Sultan Qaboos bin Said was laid to rest in Muscat 2/2 DUBAI (Reuters) – Oman pushed forward its programme of replacing foreign workers with locals on Sunday with a decision to allocate many jobs at higher education establishments to citizens, the […]

Continue Reading

Senate Adopts Stimulus Bill, Kuaishou IPO, Jobs Report – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — The Senate adopts a bill speeding the passage of President Joe Biden’s $ 1.9 trillion stimulus package. Nonfarm payrolls are set to top the prior consensus for a gain of 50,000 in January, Ford and Peloton struggle with production bottlenecks, Kuaishou Technology completes the largest tech IPO since Uber […]

Continue Reading