The US labor market ...from Jeanie

The US labor market collapse in April surpassed all previous records for job losses but markets have already turned to the future as reopening states spur economic revival hopes. Payrolls dropped by 20.5 million, less than the 22 million estimate and the unemployment rate soared to 14.7%, the highest since 1939 and the end of the Great Depression and just before the Second World War rearmed the US economy.#trading# #NonfarmPayrolls#

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The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation. Rate cuts on the other hand, are a way to stimulate a struggling economy. The table includes actual rates, latest policy changes and the date of upcoming meetings/decisions, for the major ones.#FX# #trading#

Jeanie

EUR/USD rises amid an upbeat market mood, better ZEW figure EUR/USD has hit new two-week highs around 1.0950, amid an upbeat market mood, driven by hopes for an EU fund and hopes for a coronavirus vaccine. The German ZEW Economic Sentiment beat expectations with 51 points. Fed Chair Powell's testimony is eyed.#FX# #trading# #USDollarIndex#

Jeanie

EUR/USD struggles with 1.08 amid depressing German data EUR/USD is trading around 1.08, struggling to recover. German industrial output plunged by 9.2% in March, worse than expected. Concerns about coronavirus persist.#FX# #trading# #NonfarmPayrolls#

Jeanie