30 Million of Americ...from LittleRabbit

30 Million of Americans Applied for Unemployment Benefit. Should They Buy Gold? Just like the BoJ last week, the ECB also expanded its monetary policy easing. Meanwhile across the pond, more than 30 million of Americans applied for the unemployment benefit. What does it all means for the gold market? #gold# #InitialJoblessClaims# #goldfall#

Edited 06 May 2020, 14:50

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World shares rose on Thursday after Chinese exports proved far stronger than expected, while the U.S. dollar climbed to two-week highs on its safe-haven status after another report showed millions more Americans took unemployment aid. Initial U.S. jobless claims for state unemployment benefits totalled a seasonally adjusted 3.169 million for the week ended May 2, down from a revised 3.846 million in the prior week, the Labor Department's weekly jobless claims report showed. The data reinforced economists' expectations of a protracted recovery for the U.S. economy, which is reeling from nationwide lockdowns to slow the spread of the coronavirus pandemic. #InitialJoblessClaims# #CoronavirusOutbreak# #StockMarketIsDownBig#

LittleRabbit

AUD/USD Current Price: 0.6462 Rising equities underpinned the pair, weaker commodities capped the upside. AUD/USD at over one-month high, could continue advancing. #AUD/USD#

LittleRabbit

Price moves in waves, so don’t enter immediately after a sharp move, because price will most likely move against you before moving in your favor. #OPINIONLEADER#

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