Open the News about your Business

  • Home
  • Archive for November, 2023

Archives by Month:

Archives by Year:

Forecasting A Further Upturn In The Unemployment Rate: What Works?

Forecasting A Further Upturn In The Unemployment Rate: What Works?

Nov 29, 2023 Finance 0

Yesterday I read a post over at Seeking Alpha in which the author confidently predicted a recession in Q1 next year, based exclusively on the NAHB builder sentiment index. Here’s his accompanying graph, comparing builder sentiment with the unemployment rate 17 months later: In case you didn’t already figure it out, the graph forecasts a […]
FLNC Surges After Sustainable Energy Firm Reports A Green Q3

FLNC Surges After Sustainable Energy Firm Reports A Green Q3

Nov 29, 2023 Finance 0

Image courtesy of 123rf.com Fluence Energy (Nasdaq: FLNC) reported a surprise profit of 2 cents per share in the fiscal fourth quarter, the first-ever profitable quarter in the company’s history. Shares of Fluence popped more than 16% ahead of the opening bell on Wednesday.  Fluence Energy’s Q3 Report Beats EPS and Revenue Estimates Energy storage products and services […]
Stocks Look Full As Gold Breaks Out & Bears Scream About Small Caps

Stocks Look Full As Gold Breaks Out & Bears Scream About Small Caps

Nov 29, 2023 Finance 0

Post-Thanksgiving, I slightly tempered my bullish exuberance over the very short-term, meaning the next few weeks. It wasn’t enough to take any meaningful action as the downside looked limited and I do not have high conviction. But the market looks a bit tired and full from its big November meal.And for those who pay attention […]
Analytical Overview Of The Main Currency Pairs – Wednesday, Nov. 29

Analytical Overview Of The Main Currency Pairs – Wednesday, Nov. 29

Nov 29, 2023 Finance, No picture 0

Image Source: Unsplash  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0953 Prev Close: 1.0991 % chg. over the last day: +0.34 % EUR/USD rose by 0.34% on Tuesday and reached a 3-month-high. Hawkish’s comments from the ECB Governing Council representative and Bundesbank President Nagel boosted the euro on Tuesday when he said that the ECB has not […]
EUR/USD Price Analysis: Attention Now Shifts To 1.1064

EUR/USD Price Analysis: Attention Now Shifts To 1.1064

Nov 29, 2023 Finance 0

EUR/USD comes under pressure after hitting new monthly highs. Extra gains are expected to revisit the August top at 1.1064. EUR/USD gives away part of the earlier advance to monthly tops near 1.1020 and returns to the sub-1.1000 region on Wednesday.The continuation of the upward bias appears in store for the time being and could see […]
FTSE And Crude Oil: Will Rebound In Oil Prices Lift Energy Stocks?

FTSE And Crude Oil: Will Rebound In Oil Prices Lift Energy Stocks?

Nov 29, 2023 Finance, No picture 0

 Image Source: Unsplash   Can rebounding oil prices fuel a rally in energy stocks? Brent crude rises above 200-day average ahead of OPEC+ meeting FTSE technical analysis hints at potential recovery In sharp contrast to other European and US indices, the UK’s FTSE has spent much of November in consolidation mode, keeping inside the range from […]
Amidst The Noise Expect Critical Action On Transition Finance From COP28

Amidst The Noise Expect Critical Action On Transition Finance From COP28

Nov 29, 2023 Finance 0

Whilst COP28 in Dubai triggered controversy from the outset, alongside geopolitics, finance is likely to take center stage again at this summit in the desert. Aside from the UAE wanting to show it can unite a polarized audience, behind the scenes, intense preparations are afoot across the ecosystem to announce breakthrough actions and pathways on […]
Markets Summary – Wednesday, Nov. 29

Markets Summary – Wednesday, Nov. 29

Nov 29, 2023 Finance, No picture 0

Image Source: Unsplash  Lead Story in Markets: Clean-energy Sell-Off Defended by AES CEOAndrés Gluski, CEO of US power group AES, has voiced concerns over the recent clean-energy sell-off, calling it “very wrong.” Gluski defended the company’s continued investment in renewables despite the market rout this year. As the push for sustainable energy intensifies globally, Gluski stands […]
AUD/USD Forex Signal: Lower Inflation Sees Aussie Pull Back

AUD/USD Forex Signal: Lower Inflation Sees Aussie Pull Back

Nov 29, 2023 Finance 0

There may be better currencies to use to trade the weak Aussie today.My previous signal on 21st November was not triggered, as there was no bullish price action when the support level which I had identified at $0.6535 was first reached. Today’s AUD/USD SignalsRisk 0.75%Trades must be entered before 5pm Tokyo time Thursday. Short Trade Ideas Short entry following […]
Q3 GDP Revised Higher To 5.2% As Soaring Government Spending Offsets Lower Private Consumption

Q3 GDP Revised Higher To 5.2% As Soaring Government Spending Offsets Lower Private Consumption

Nov 29, 2023 Finance 0

While few will bother with today’s extremely stale 1st revision of Q3 GDP data, now that the discussion has turned from how high and how long the Fed will hike, to when the first rate cut will come, moments ago the Biden BEA reported that in its second estimate of third quarter GDP, the revised print was […]