{"id":2336,"date":"2020-04-23T16:45:00","date_gmt":"2023-03-31T20:18:52","guid":{"rendered":""},"modified":"2024-05-29T10:33:21","modified_gmt":"2024-05-29T10:33:21","slug":"u-s-jobless-claims-reach-26-million","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/u-s-jobless-claims-reach-26-million\/","title":{"rendered":"U.S. jobless claims reach 26 million!"},"content":{"rendered":"

The US jobless claims announcement is the top story in every newsfeed as another 4.4 million Americans were added in the unemployment lists. Since coronavirus hit, the jobless claims have already reached 26million and all the gains have been disappeared from the <\/span>Great Recession<\/span><\/a>. However, the Stock Markets remain slightly positive as, they have possibly discounted the new numbers. SP500 is gaining 0.5% while NAS100 (Nasdaq) 0.7%. Likewise, EU indices are flat and consolidating. <\/span><\/p>\n

Reviewing major news, ECB governors <\/span>came in agreement<\/span><\/a> on Wednesday to accept junk bonds as collateral as they are foreseeing potential downgrades on EU countries. Italy’s Government Bond 10Y has risen back to 2% as Investors are anticipating the country’s downgrade.<\/span><\/p>\n

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Source Marketwatch<\/a><\/span><\/p>\n

Today’s earnings <\/span>calendar<\/span><\/a> includes 195 announcements including major stocks as Bank of America, Intel, Canon, and more. The latest Oil crash has badly damaged major Oil companies and they were forced to change their dividend strategy. Equinor is reducing its dividend by 67% to deal with price fall. Other big Oil companies ExxonMobil and Chevron have announced that they will keep up their own dividends. <\/span><\/p>\n

Heading to the forex market, EURUSD is moving below the 20SMA and has violated the triangle to the downside as noted. RSI(5) is oversold. GBPUSD is trying to hold the rising channel but moves below the 20SMA. The pair looks weak. USDJPY is not going anywhere. It’s consolidating below the 20SMA looking for the next catalyst event. USDCAD is falling and breaking the rising trendline to the downside as noted.<\/p>\n

CopyTrade with ZuluTrade<\/a><\/span><\/p>\n

EURUSD daily chart
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GBPUSD daily chart
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USDJPY daily chart
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USDCAD daily chart
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Checking the<\/span> ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is buying EURUSD and USDCAD while is selling USDCHF and GBPJY.
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<\/span><\/p>\n

In focus today<\/span> (<\/span>economic calendar<\/span><\/a>):<\/span><\/p>\n

United States Markit Composite PMI <\/span><\/p>\n

United States New Home Sales MoM <\/span><\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The US jobless claims announcement is the top story in every newsfeed as another 4.4 million Americans were added in the unemployment lists. Since coronavirus hit, the jobless claims have already reached 26million and all the gains have been disappeared from the Great Recession. However, the Stock Markets remain slightly positive as, they have possibly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2336","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716978802:4"],"rank_math_primary_category":["2"],"rank_math_seo_score":["20"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"0402e1c8d9ff11175d2f3f98f3c01201\";s:6:\"images\";a:6:{i:0;s:46:\"\/image.axd?picture=\/2020\/2342020\/italy 10y.PNG\";i:1;s:56:\"\/image.axd?picture=\/2020\/2342020\/EURUSDDaily 2342020.png\";i:2;s:56:\"\/image.axd?picture=\/2020\/2342020\/GBPUSDDaily 2342020.png\";i:3;s:56:\"\/image.axd?picture=\/2020\/2342020\/USDJPYDaily 2342020.png\";i:4;s:56:\"\/image.axd?picture=\/2020\/2342020\/USDCADDaily 2342020.png\";i:5;s:49:\"\/image.axd?picture=\/2020\/2342020\/sent 2342020.PNG\";}}"],"rank_math_analytic_object_id":["205"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2336"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2336\/revisions"}],"predecessor-version":[{"id":4034,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2336\/revisions\/4034"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}