US March Challenger layoffs 30.60k vs 34.53k prior 0 (0)

Latest data released by Challenger, Gray, and Christmas Inc
The drop in job cuts here is the lowest monthly total since July 2018 so there are some signs that layoffs are slowing down and that US-based employers are able to get back on their feet again – job cuts led by the aerospace/defense industry so far this

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OPEC+ said to be considering return to phased monthly oil production increases 0 (0)

But the bloc is also considering maintaining current production cuts as well
This isn’t too different from the earlier story but it reaffirms that there are still a bit of two-way risks going into the meeting today. The past half-hour has seen oil pare most of its earlier gains as WTI falls from $60.10 to

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EUR/USD keeps afloat above 1.1700 but sellers still hold all the cards for now 0 (0)

Tough to find reasons to be bullish EUR/USD at the moment
The vaccine/recovery divergence story is arguably one of the key factors but also with the Fed allowing a steeper for longer narrative and the ECB not willing to pursue that path (Lagarde yesterday even challenged the market to do so), yields differential is another key

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Pfizer says its coronavirus vaccine appears highly protective against South Africa variant 0 (0)

Pfizer remarks in updated data on its COVID-19 vaccine
The headline will make for comfortable reading amid fears that the virus variants will throw a wrench in the works on the global recovery. That said, the trial sample size in South Africa is rather small i.e. 800 participants only.

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