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High Unemployment Levels: The Dance Of Labor Statistics

High Unemployment Levels: The Dance Of Labor Statistics

In the realm of labour statistics, the Bureau of Labor Statistics strives to present an optimistic outlook on employment trends. However, beneath the surface lies a complex reality that defies simplistic narratives. The labour market has undergone profound transformations, leading to the disappearance of specific jobs and the emergence of new ones. Amidst this backdrop, […]
Where Things Stand Into The End Of The Week

Where Things Stand Into The End Of The Week

Image Source: Pixabay  Trading conditions are going to remain exceptionally thin this Friday on account of the US Thanksgiving holiday overhang. But overall, we’re closing out a week in which the market has chosen to continue to push the narrative of peak rates and an expectation for a shift towards a more investor-friendly monetary policy.Video Length: […]
Euro Keeps Familiar Range Above 1.0900 Ahead Of Lagarde, De Guindos Speeches

Euro Keeps Familiar Range Above 1.0900 Ahead Of Lagarde, De Guindos Speeches

 Image Source: Pixabay   The Euro extends the consolidative theme against the US Dollar. European stocks opened Friday’s session in a mixed tone. Final Q3 GDP figures in Germany kept the gloomy prospects. The Euro gains further momentum against the US Dollar, prompting EUR/USD to build on Thursday’s gains beyond 1.0900 at the end of the week.On the other […]
EURUSD Holds At 1.09200 While GBPUSD Jumps To 1.25600

EURUSD Holds At 1.09200 While GBPUSD Jumps To 1.25600

EURUSD chart analysisOn Monday, EURUSD managed to maintain a bullish trend until resistance at the 1.09652 level. After that, the pair begins to pull back to the EMA50 moving average, and on Wednesday, it finds support at the 1.08600 level. Since then, we have been in a bullish consolidation and are moving in the 1.08800-1.09400 range. We […]
US Market Commentary – Friday, November 24

US Market Commentary – Friday, November 24

Durable Goods PlungeThe US Dollar is starting the day under pressure on Friday as traders await the latest PMI data due later today. Ahead of the Thanksgiving holiday in the US yesterday, October durable goods data was seen contracting deeper-than-forecast on Wednesday. At -5.6%, the reading marked a sharp shift from the prior month’s 4.6% […]
Sensex Today Trades Flat; JSW Steel, Axis Bank Top Gainers

Sensex Today Trades Flat; JSW Steel, Axis Bank Top Gainers

Image Source: Unsplash  Asian shares opened higher today after Wall Street rebounded in a pre-holiday session.The Nikkei is trading 0.7% higher while the Hang Seng index is trading lower by 1%. The Shanghai Composite is trading 0.5% lower.US stock markets were closed on Thursday, 23 Nov 2023 in observance of the Thanksgiving holiday.The Nasdaq and New […]
Silver Price Analysis: XAG/USD Consolidates Near $23.65 Area, Below Descending Trend-Line Hurdle

Silver Price Analysis: XAG/USD Consolidates Near $23.65 Area, Below Descending Trend-Line Hurdle

 Image Source: Pixabay   Silver oscillates in a narrow trading band for the second successive day on Friday. Bullish oscillators on the daily chart support prospects for some short-term gains. A breakout through an ascending trend line is needed to confirm the bullish bias. Silver (XAG/USD) continues with its struggle to gain any meaningful traction and seesaws […]
Elliott Wave Technical Analysis Day Chart: Australian Dollar/Japanese Yen – Friday, Nov. 24

Elliott Wave Technical Analysis Day Chart: Australian Dollar/Japanese Yen – Friday, Nov. 24

Image Source: Pixabay  AUDJPY Elliott Wave Analysis Trading Lounge Day  Chart,24 November 2023Australian Dollar/Japanese Yen(AUDJPY) Day ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive  Structure: red wave 3 of 1Position:  black wave CDirection Next lower Degrees: red wave 3 of 1(may started)  Details: red wave 2 completed at 98.256, now red wave 3 of 1 is […]
IonQ Stock Price Analysis: High-Risk, High-Reward Investment

IonQ Stock Price Analysis: High-Risk, High-Reward Investment

Image Source: Pixabay IonQ share price has rebounded in the past few weeks as investors buy the dip. The company is still making huge losses but this is offset by its huge cash hoard. IonQ is a high-risk and high-reward company in the quantum computing industry. IonQ (IONQ) stock price has had a turbulent experience in […]
Singapore: Industrial Production Rebounds For Its First Gain In More Than A Year

Singapore: Industrial Production Rebounds For Its First Gain In More Than A Year

Photo by Joshua Ang on UnsplashOctober industrial production up 7.4%Singapore’s string of positive data continues, this time with industrial production beating market consensus to rise 7.4% YoY. Market expectations tipped production to slow for a 13th straight month. Compared to the previous month, industrial production jumped 9.8%, much better than expectations for a 0.4% contraction.Electronics picked up to 14.8% […]