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Two Labor Market Warnings

Two Labor Market Warnings

At last week’s FOMC meeting, Jerome Powell clearly stated that recent signs of labor market weakness were an important factor in cutting rates. Therefore, assuming inflation continues to decline, the strength or weakness of the labor market will likely determine how much more they cut the Fed Funds rate. The well-followed BLS, ADP, Jobless Claims, […]
Hut 8 completes pivot to AI market with GPU-as-a-Service launch

Hut 8 completes pivot to AI market with GPU-as-a-Service launch

Key Takeaways Hut 8 Corp. deployed 1,000 NVIDIA H100 GPUs for its new GPU-as-a-service vertical. The company’s compute layer now includes AI compute, Bitcoin mining, and cloud services. Share this article Bitcoin (BTC) mining firm Hut 8 has initiated its GPU-as-a-service vertical, generating revenue from an AI cloud developer’s inaugural GPU cluster. The cluster in […]
GBP/USD Forecast: Dollar Rebounds From 14-Month Low

GBP/USD Forecast: Dollar Rebounds From 14-Month Low

The GBP/USD forecast shows a sudden shift in sentiment to bearish as the dollar recovers from a 14-month low. At the same time, the pound was weak as recent economic data pointed to a dimmer outlook.The dollar recovered against most currencies on Wednesday and Thursday as investors sought safety amid rising Middle East tensions. The […]
Job Market, Inflation And Cuts

Job Market, Inflation And Cuts

Home sales didn‘t bring about the (Monday missed) correction, intraday gains for clients followed, but most importantly the called as not to be bearish MU earnings delivered a great lift to Nasdaq and semis prices after the close. Hence, the title of yesterday‘s article „ES 5,805 Waiting“ came true in a few hours, as we‘re no longer waiting for […]
Lululemon Athletica Inc. Stocks Elliott Wave Technical Analysis – Thursday, September 26

Lululemon Athletica Inc. Stocks Elliott Wave Technical Analysis – Thursday, September 26

LULU Elliott Wave Analysis Trading Lounge Daily Chart,Lululemon athletica Inc., (LULU) Daily ChartLULU Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (1).DIRECTION: Upside in (1).DETAILS: We are looking at the possibility of a bottom in place in Primary wave 4, to now resume higher, as we found support on top of TL2 at 200$. Lululemon athletica Inc., (LULU) […]
Market Briefing For – Thursday, September 26

Market Briefing For – Thursday, September 26

Short-term ‘exhaustion’ – aptly describes this market; especially bigger-caps more so than the broad market, which hasn’t rallied all that much. Doubtless a very extended value proposition prevails for big-cap techs particularly.Meanwhile it is also a case that (as often noted) the only way to meaningfully increase S&P levels would be to ramp-up the majority of […]
Bear Of The Day: Daktronics

Bear Of The Day: Daktronics

While the market sighed a collective breath of relief after the Fed cut 50-bps, this week has been anything but bullish for the broad market. I’m looking at 5 consecutive red daily candles on the Russell 2000. Long-term investors out there should not despair. Rather, there are going to be a ton of stocks which […]
WTI Price Forecast: Bounces Off Two-week Low, Seems Vulnerable Near $68.00 Mark

WTI Price Forecast: Bounces Off Two-week Low, Seems Vulnerable Near $68.00 Mark

West Texas Intermediate (WTI) US crude Oil prices remain under heavy selling pressure for the second straight day and retreat further from a multi-week high, around the $72.20 region touched on Tuesday. The downward trajectory drags the commodity to a two-week low, around the $67.00/barrel mark during the first half of the European session and […]
GBP/USD Forex Signal: Sterling Rally Takes A Breather 
                    
GBP/USD technical analysis

GBP/USD Forex Signal: Sterling Rally Takes A Breather GBP/USD technical analysis

Bearish view Sell the GBP/USD pair and set a take-profit at 1.3250. Add a stop-loss at 1.3430. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.3330 and a take-profit at 1.3400. Add a stop-loss at 1.3250. The GBP/USD exchange rate rose to its highest level in years and then retreated amid heightened geopolitical issues. It jumped […]
Analytical Overview Of The Main Currency Pairs – Thursday, September 26 
                    
 

Analytical Overview Of The Main Currency Pairs – Thursday, September 26  

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1177 Prev. Close: 1.1133 % chg. over the last day: -0.39 % On Wednesday, the euro initially went up, based on hawkish comments from ECB Governing Council member Knot, who said that he does not see interest rates returning to extremely low levels before […]