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Archives by Year:
Macro: S&P Global US Services PMI – Strengthens
Personal consumption of services is 45% of US GDP. Employment is strong and the service sector continues to be strong. S&P Global PMI report came in at an expansionary 51.4. Output rose for the 3rd straight month and at the sharpest rate since July. New orders rose at the fastest rate since June. This translated […]
Bitcoin Forecast: Stands Firm Despite Recent Selloff
In the recent trading session on Thursday, Bitcoin exhibited a rather stagnant performance, with minimal activity. It currently maintains a position above the 20-day Exponential Moving Average. If it were to break below this EMA, there is the possibility of a decline towards the 40,000 level. It’s worth noting that the 40,000 level coincides with […]
Busy Friday Calendar To Close Out Ominous Week
Image source: Pixabay We’ve seen a consistent flow of price action all week. Unfortunately, that flow has been risk-off, with stocks on the decline and the US Dollar coming back into favor. Friday’s economic calendar is stacked with first-tier risk.Video Length: 00:01:07More By This Author:Digesting The Latest Fed Minutes Fed Minutes Preview – Wednesday, Jan. 3The […]
FX Daily: Soft Landings Playbook
Image Source: Unsplash The soft landing playbook could see a temporary reversal today where the December US jobs report comes in on the strong side. The market seems to have gotten a little ahead of itself in pricing the speed and magnitude of 2024 rate cuts. A further backup in short-term rates should be mildly dollar-positive […]
EUR/USD Price Analysis: Remains Under Pressure Ahead Of US Official Employment Data
Image Source: Pixabay EUR/USD retreats from 1.0950 amid caution ahead of US labor market data. The Eurozone HICP data is seen higher due to base effects. Eurozone bulls may find interest after further correction to near 1.0880. The EUR/USD pair resumes its downside journey after a less-confident pullback to near 1.0950 in the early European session. The […]
Early 2024 Markets Sweep Up Excesses
Image Source: UnsplashFor those of us wondering if early 2024 was going to carry along the winning spirit of the past two months of calendar 2023… well, at least we got an answer: No. That’s not to say it’s been a disaster, especially coming off such stellar gains at the end of the year. This feels […]
The Bankers’ Bank
Image source: Wikipedia1913 was a busy year for legislation. But Washington’s main debate concerned the Glass-Owen bill.The Glass-Owen bill granted bankers the ability to access currency when they needed it. It also allowed them to expand their branches overseas.That legislation would define financial power in the United States. By extension, it would define U.S. private banking […]
GM Leads US Auto Sales As Auto Sector Concludes Best Year Since Pandemic
Image Source: PixabayGeneral Motors (GM) emerged as the top-selling automaker in the United States for 2023, narrowly outpacing rival Japanese automaker Toyota Motor (TM).The achievement comes amidst the sector’s best performance since the onset of the pandemic, propelled by the alleviation of supply chain challenges and sustained consumer demand.Despite facing setbacks from a costly auto strike, […]
SPDR ETF Report For Thursday, January 4
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, January 4.Video Length: 00:16:17More By This Author:Financial Markets Report For Thursday, January 4 Metals Report For Thursday, January 4 SPDR ETF Report For Wednesday, January 3
Macro: Employment — ADP And Initial Claims — Strong Employment Continues
Image source: PixabayThe economic backdrop today: Employment is strong Employment drives personal consumption Initial Unemployment claims dropped by 18,000 to 202,000. This is the 4th lowest number of initial unemployment claims of the year. Continuing claims dropped as well and the slope of the 4-week moving average is now negative indicating an incrementally easier environment to […]
