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GBP/USD Forex Signal: Bulls Need To Overcome Resistance At 1.3140
Bullish view Buy the GBP/USD pair and set a take-profit at 1.3145. Add a stop-loss at 1.3000. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.3080 and a take-profit at 1.1.2950. Add a stop-loss at 1.3145. The GBP/USD pair relentless rally gained steam after the Federal Reserve minutes reinforced the view that the bank will cut […]
Job Market Revised Down 800,000 (Payroll Crash)
Image Source: Pixabay Was Macy’s the latest victim of the strong labor market? That doesn’t make sense, of course, and now the government data has been revised massively lower to better align what really happened last year with where we are this year. The new figures show not just one-third fewer jobs gained, more importantly, what […]
US Job Growth Cut By 30% In Revised Data – IT, Retail, And Manufacturing Sectors Hit Hardest
The US economy’s strength has been a topic of heated debate, especially as the country approaches the next presidential election.depositphotosIn a surprising development, the US Labor Department announced that the number of jobs added over the past year was significantly lower than initially reported.The latest data revealed that employers added about 818,000 fewer jobs than […]
Sensex Today Trades Higher; Nifty Above 24,800
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory.The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose.US stock market ended higher on Wednesday after the minutes from the most recent meeting […]
BTC/USD Forex Signal: Daily Chart Points To A Big Breakout
Bullish view Buy the BTC/USD pair and set a take-profit at 65,000. Add a stop-loss at 57,000. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 57,000. Add a take-profit at 64,000. Bitcoin joined American stocks in bouncing back after the Fed published dovish minutes of the last meeting. The BTC/USD […]
FX Daily: Sticky Wages, Stronger Euro
Image Source: Unsplash Today’s data on negotiated wages in the euro area can favor some hawkish repricing in the EUR curve and another leg higher in EUR/USD, especially after dovish signals in the US came from both a large payrolls revision and the FOMC minutes. PMIs should continue to show the eurozone as a laggard in growth, but […]
Elliott Wave Technical Analysis: AAVE Crypto Price News Today
Elliott Wave Analysis TradingLounge Daily Chart,AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (2)Direction Next higher Degrees: Wave III of ImpulseWave Cancel invalid Level: 81.238Details:: Wave (II) is likely to have ended and prices are resuming the uptrend.AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall, the correction seems to be coming to an end. Look for an opportunity to […]
Current Analysis: Mowi
Image Source: PixabayMowi ASA (MHGVY) is a Norway-based producer of farmed salmon. It distributes salmon and other processed seafood globally.The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The company operates in three reportable segments which are organized as business areas as […]
SPDR ETF Report For Wednesday, Aug 21
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, August 21.Video Length: 00:14:31More By This Author:Financial Markets Report For Wednesday, Aug 21Metal Markets Report For Tuesday, Aug 20SPDR ETF Report For Tuesday, Aug 20
Manufacturing In Recession?
Image Source: PexelsPreliminary benchmark revision takes down March employment by 0.9%. Here’s a picture of various series relevant to the manufacturing sector.Figure 1: Manufacturing production (blue, left scale), implied employment from preliminary benchmark (tan, left scale), aggregate hours (green, left scale), and real valued added (red), all in logs, 2007M12=0, and capacity utilization in manufacturing, in % […]
