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Archives by Year:
The BLS Reports Jobs Rebounded More Than Expected In September
The BLS reports payroll employment rises by 254,000 in September. I discuss two reasons the report is suspect. Data from the BLS, chart by Mish Jobs vs Employment From September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became […]
USD/CAD Jumps To Near 1.3600 As US NFP Beats Estimates
The USD/CAD pair climbs to near the round-level resistance of 1.3600 in Friday’s New York session. The Loonie asset strengthens as the United States (US) Nonfarm Payrolls (NFP) report showed that labor demand remained robust and the wage growth accelerated in September, which has prompted a sharp upside move in the US Dollar (USD).The US NFP report showed […]
Again I Say Breaking, But Not Breaking
S&P 500 peeked below 5,735 a few times yesterday, but selling stampede didn‘t happen. Retreating rate cut odds (75bp more cuts in 2024 are down to 10% from 29% a week ago) are though what‘s been sending down long-dated Treasuries, and I first advised of their troubles ahead before Sep FOMC.And how did the NVDA […]
Spotify Technology S.A. Stocks Elliott Wave Technical Analysis – Friday, October 4
SPOT Elliott Wave Analysis Trading Lounge Daily Chart,Spotify Technology S.A., (SPOT) Daily ChartSPOT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5DIRECTION: Completion in wave 5DETAILS: We are now trading within MinorGroup2 of 300$, specifically around 372$ and 380$. Looking for further upside within wave 5 towards the next TradingLevel at 500$. Spotify Technology S.A.,(SPOT) 1H ChartSPOT Elliott […]
Surging US Jobs Suggests The Fed Needs To Tread Carefully
The US jobs report was incredibly strong on every front possible – job creation, unemployment, wages and hours worked. Nonetheless, caution lingers given the lack of corroborating data. While the inflation backdrop is allowing the Fed to start moving monetary policy back to neutral, we think it will be in 25bp incremements, not the 50bp […]
Analytical Overview Of The Main Currency Pairs – Friday, October 4
The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1043 Prev. Close: 1.1031 % chg. over the last day: -0.11 % The euro fell to a three-week low as weak Eurozone data and inflation below the ECB’s 2% target increased expectations of a rate cut. Markets believe there is a 95% chance of […]
Polymarket bettors favor Len Sassaman as Satoshi in HBO documentary
Key Takeaways HBO’s latest documentary could link Len Sassaman to Bitcoin’s creation, Polymarket traders believe. Polymarket shows mixed bettor confidence on Satoshi’s definitive identity reveal. Share this article Bettors on Polymarket favor Len Sassaman over Hal Finney as the potential Satoshi in HBO’s upcoming documentary. Sassaman currently leads the poll with a 49% chance while […]
Hot Jobs
It seems that Powell is enjoying a “heads, I win, tails, you lose” market.One would think that a very strong jobs report, with upward revisions to past data, would splash all kinds of cold water on Powell’s plans.And, judging from how bonds are reacting, it certainly seems that a steady slashing of interest rates at an aggressive pace might not be panning […]
September: Very Much A “soft Landing” Jobs Report. But Will The Fed Use This To Fall Behind The Curve Again?
Especially in view of the relative weakness in the jobs report for the past few months, my focus continues to be on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether there is further decline towards a recession. For this month at least, the verdict was clear: both the Establishment […]
USD/JPY Price Forecast: Breaks Higher, Extends Counter-Trend Recovery Rally
USD/JPY breaks clearly above the 147.24 October 3 high on an intraday basis which suggests a continuation of the short-term uptrend with a tentative target at 149.40, the August 15 high. USD/JPY Daily Chart The strong bullish momentum since the August bottom, as measured by the Moving Average Convergence Divergence (MACD) indicator could indicate the start […]
