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Employment Data Contradicts Itself

Employment Data Contradicts Itself

Image Source: Pixabay  “Davidson” submits: Establishment Survey rises 275,000 while the Household Survey declines -184,000. The difference between these reports is assumed to be the level of self-employed which declined to levels near the COVID lockdown level. Some analysts have claimed the data has been manipulated to support the current administration’s reelection chances. The claim comes […]
Can Silver Follow Footsteps Of Gold And Stage Major Breakout?

Can Silver Follow Footsteps Of Gold And Stage Major Breakout?

Image Source: Pixabay  After gold hit repeated all-time highs last week, silver may finally come out of its multi-year consolidation and start catching up with the yellow metal this week. A move towards $30 is not too optimistic. But there is no major reason why the grey metal cannot go on to achieve its own record […]
Crypto products see record-breaking $2.7b inflow in a single week

Crypto products see record-breaking $2.7b inflow in a single week

Crypto investment products registered $2.7 billion in inflows over the last week, a new weekly record, according to a report from asset management firm CoinShares. This capital injection has propelled the year-to-date total flow to $10.3 billion, nearing the all-time high of $10.6 billion recorded for the entirety of 2021. Bitcoin has been the primary […]
US CPI This Week May Be Disaster For Record-Level Stocks Market

US CPI This Week May Be Disaster For Record-Level Stocks Market

Can Record-High Stocks Market Hold Its Ground? This week’s upcoming inflation reports carry significant weight as they provide a clearer insight into the interest rate trajectory ahead of the imminent Fed policy meeting. With stock markets soaring to unprecedented highs, investors are treading cautiously, wary of potential repercussions.Let’s delve into the key components:  CPI ReportScheduled […]
Elliott Wave Technical Analysis: Apple Inc. – Monday, March 11

Elliott Wave Technical Analysis: Apple Inc. – Monday, March 11

Image Source: Unsplash  AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 11 March 2024Apple Inc., (AAPL) Daily ChartAAPL Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: Corrective  STRUCTURE: FlatPOSITION: Minor wave 2.  DIRECTION: Completion of wave {c} of 2.  DETAILS: We are looking at further downside in what could be a corrective wave 2, but we do not […]
Oracle’s AI Ambitions In Focus As Q3 Earnings Loom

Oracle’s AI Ambitions In Focus As Q3 Earnings Loom

Image Source: Pexels  Oracle Corporation (NYSE: ORCL) is poised to unveil its fiscal third-quarter financial results after markets close on Monday, with investors keenly watching for signs that the tech giant can solidify its position as an emerging leader in artificial intelligence amid surging demand for cloud computing services and AI products. While Oracle has long been a […]
Sensex Today Tanks 616 Points; Telecom Stocks Drag

Sensex Today Tanks 616 Points; Telecom Stocks Drag

After opening the day lower, Indian share markets turned positive as the session progressed and ended the day flat.Equity benchmark indices started the week on a dismal note, ending Monday’s session with sharp losses ahead of key CPI inflation data both in India and the US on Tuesday.At the closing bell, the BSE Sensex stood lower by […]
Scenes From The February Jobs Report

Scenes From The February Jobs Report

Later this week we get a lot of interesting reports, including CPI tomorrow, retail sales on Thursday, and industrial production on Friday. In the meantime, let’s take a further look at some of the more noteworthy data from Friday’s employment report. In particular, as I wrote then, the Household Survey portion of that report was […]
Japanese Market Commentary – Monday, March 11

Japanese Market Commentary – Monday, March 11

Image source: Pixabay  USDJPY Heading LowerUSDJPY is under heavy selling pressure as we head towards the US session on Monday. Traders continued to offer the pair through early European trading, extending the declines seen from the Asian open overnight. The pair has now shed almost 3% from the YTD high as a shift in expectations regarding […]
Coinbase Rallies As Bitcoin Hits ATH, Nvidia Tumbles After Lawsuit

Coinbase Rallies As Bitcoin Hits ATH, Nvidia Tumbles After Lawsuit

The divergent fortunes of two tech titans were on display in premarket trading today as cryptocurrency exchange Coinbase Global Inc. (COIN) soared amid a record-setting Bitcoin (BITCOMP) rally. At the same time, chip maker Nvidia Corp. (NVDA) shares tumbled on the fallout from an AI-related lawsuit.Image courtesy of 123rf.comCoinbase Rallies as Bitcoin Hits ATHCoinbase Global Inc. shares surged […]