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Is The US Labor Market As Strong As It Appears?

Is The US Labor Market As Strong As It Appears?

Friday’s payrolls data for February dispatched another upside surprise, reaffirming the now-consensus view that recession risk is low for the US economy. Hiring rose 275,000 last month, beating expectations — well above the consensus forecast for around 200,000.A closer look at the numbers, however, paints a mixed picture. As The Wall Street Journal noted, “behind the headline […]
US Dollar Trades Flat As Fed Starts Blackout Period

US Dollar Trades Flat As Fed Starts Blackout Period

The US Dollar (USD) is starting the week at a slow pace, not really making any waves on Monday. However, the Greenback is set for a very firm data-driven regime this week as there will be no US Federal Reserve (Fed) officials speaking. This is because the Fed’s blackout period has started ahead of the […]
Waiting For February Inflation Data

Waiting For February Inflation Data

Last week was the worst week in the market since October and is being chalked up to profit-taking following its stellar run. Tipping the scales for that decision is the growing realization that while the Fed still expects to cut rates this year, the timing for the start of that process continues to slip. PixabayThe hope […]
Japan’s Q4 23 Contraction Revised Away, Helping Keep Yen Bid

Japan’s Q4 23 Contraction Revised Away, Helping Keep Yen Bid

Image Source: Pixabay  Overview: News that the Japanese economy expanded rather than contracted in Q4 23 has fanned expectations that rates could be as early as next week. This is helping keep the yen supported, though it remains in the pre-weekend range, albeit barely. While the dollar is softer but consolidating against the euro, Swiss franc, and […]
Nvidia Reversal Hints Market Correction?

Nvidia Reversal Hints Market Correction?

Could a sharp downward reversal from Friday be a trend-changing event?Friday’s intraday reversal and a negative close for the S&P 500 index (-0.65%) cast a shadow on the short-term bull market. The index reversed lower after reaching yet another new record high of 5,189.26. Nvidia stock, which had been driving recent gains, saw a sharp […]
Natural Gas: Market Stabilizes Amidst Noise And Long-Term Outlook 
                    
 

Natural Gas: Market Stabilizes Amidst Noise And Long-Term Outlook  

Over the past few days, the natural gas markets have somewhat retreated; however, on Friday morning, the market appeared to have slightly stabilized. That being said, I think there is a lot of noise just waiting to happen, and therefore I think you have to look at this as a longer-term market.  Natural GasAs you […]
Bitcoin rockets above $71,000, surpasses silver in market cap

Bitcoin rockets above $71,000, surpasses silver in market cap

Bitcoin (BTC) crossed the $71,000 threshold today, setting a new all-time high ahead of the anticipated halving event, according to CoinGecko’s data. At press time, BTC is trading at around $71,400, up almost 3% in the last 24 hours. Bitcoin’s market cap now exceeds $1.4 trillion, overtaking silver as the eighth largest asset by market […]
USD/JPY Continues Losing Streak On Firm Bets Over BoJ Quitting Negative Rates

USD/JPY Continues Losing Streak On Firm Bets Over BoJ Quitting Negative Rates

The USD/JPY extends its losing spell for the fifth trading session on Monday. The asset drops 146.70 on broader weakness in the US Dollar and rising expectations for the Bank of Japan (BoJ) exiting its expansionary interest rate stance in the March monetary policy meeting.BoJ policymakers have indicated that a positive wage cycle will continue for a […]
Elliott Wave Technical Analysis: Soybeans

Elliott Wave Technical Analysis: Soybeans

Image Source: Unsplash  Soybean Elliott wave Analysis- recovery before fresh sell-off?Soybean’s trajectory in March has been marked by a semblance of recovery. Yet, within the larger context of its wave sequences, this upturn is merely a fragment of an overall bearish trend. Following this corrective rebound, it’s anticipated that the commodity will continue its descent towards […]
WASDE Update: Corn And Soybean Markets Tighten

WASDE Update: Corn And Soybean Markets Tighten

The USDA’s latest monthly WASDE report was fairly constructive for corn and soybeans as lower supply pushed down global inventory estimates. Meanwhile, the report was largely neutral for wheat with slight upward revisions to both production and consumption estimates. Pixabay Global corn balance tightensFor the global market, the USDA expects 2023/24 corn production to fall to 1,230.2mt this season, […]