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JOLTS Posts Bigger Numbers; CRM, OKTA Beat In Q3

JOLTS Posts Bigger Numbers; CRM, OKTA Beat In Q3

Image Source: UnsplashIt’s deja vu all over again, to quote the great Yogi Berra. The S&P 500 and the Nasdaq have once again notched new closing highs this afternoon, and for the third session in a row. That said, the S&P rally does look a bit long in the tooth, as the new record high is […]
This Bull Trap Could Be Our Biggest Win For This Week

This Bull Trap Could Be Our Biggest Win For This Week

Image Source: PixabayMarkets are range-bound and running into resistance above today’s range…Ranges act like magnets, so until we see more conviction going higher, I’ll be looking for these (2) Bull Traps going back into the range below us!I love the idea of a breakout pullback tomorrow morning…But all this resistance overhead tells me one of these […]
TRON jumps 85% to new record high, market cap tops $36 billion

TRON jumps 85% to new record high, market cap tops $36 billion

Key Takeaways TRON’s TRX token soared to an all-time high of $0.43 with a 85% single-day increase. TRX’s market value surged from $19 billion to $36.7 billion in 24 hours. Share this article Tron’s TRX token staged a sunshine comeback, exploding 85% within a day, shattering its previous high of $0.23, and soaring to a […]
Financial Markets Report For Tuesday, Dec 3

Financial Markets Report For Tuesday, Dec 3

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, December 3.Video Length: 00:14:22More By This Author:Metal Markets Report For Monday, Dec 2 SPDR ETF Report For Monday, Dec 2 Financial Markets Report For Monday, Dec 2
Gold Analysis: Holds Gains

Gold Analysis: Holds Gains

Image Source: Pixabay Gold prices experienced selling pressure at the beginning of the US jobs week, declining to $2,622 per ounce from the resistance level of $2,652 per ounce in the same trading session, and stabilizing around $2,638 per ounce at the beginning of trading on Tuesday. I expect the price of gold to continue its […]
Volatility May Be Due To Increase Significantly Starting Tomorrow

Volatility May Be Due To Increase Significantly Starting Tomorrow

Image Source: Unsplash10-year rates increased today by roughly four bps to close at 4.23% following a stronger-than-expected JOLTS report. The report overlooked healthy, in my view, with the layoffs in October lower and the number of quits moving higher. One would think that if people quit their jobs, they have found a better one. Tomorrow, we […]
South Korea: Outlook Rocked By Martial Law Declaration

South Korea: Outlook Rocked By Martial Law Declaration

Image Source: PixabayIn a stunning political event overnight, South Korea’s president declared martial law for the first time since 1979. Later, the National Assembly voted to block the decree and the cabinet agreed to rescind the order. We see the uncertainty surrounding the economy and politics remaining high and likely to dampen sentiment if the situation […]
Japanese Yen Struggles To Gain Ground Ahead Of Jibun Bank Services PMI Data

Japanese Yen Struggles To Gain Ground Ahead Of Jibun Bank Services PMI Data

Image Source: Pixabay The Japanese Yen loses ground amid the stronger USD in Wednesday’s early Asian session.  Growing expectations of the BoJ rate hike in December and safe-haven flows might help limit the JPY’s losses.  Investors brace for Japan’s Jibun Bank Services PMI, US economic data and Fed’s Powell speech on Wednesday.  The Japanese Yen (JPY) […]
EUR/USD Trapped Below 1.06

EUR/USD Trapped Below 1.06

Image Source: Pixabay EUR/USD softened on Tuesday, ending a bullish recovery attempt. Final EU PMIs, ECB Lagarde appearance unlikely to move the Fiber needle. US data focus shifts to Fed Chair Powell appearance, Friday NFP jobs print. EUR/USD turned lower once again on Tuesday, grappling with the 1.0500 handle as Fiber flubs a bullish run at 1.0600. […]
Asia Open: Turmoil In Korea, A Nation On Edge

Asia Open: Turmoil In Korea, A Nation On Edge

Image Source: PexelsASIA OPENAsian markets are bracing for a tense and uncertain open on Wednesday as geopolitical chaos and economic sabre-rattling create a web of challenges for investors. South Korea’s brief but shocking declaration of martial law by President Yoon Suk Yeol jolted the region, marking the country’s most significant political crisis since the 1980s. The […]