Unenjoyment Report
The jobs data just came out, and it seems like mildly bad news: the unemployment rate inched up to 4.2% (expected: 4.1%) and the hourly wages went up more than expected as well (suggesting inflation). In spite of this, equity futures got a quick bump, although as of this composition the /ES and /NQ are only up about one-tenth […]
AUD/USD Outlook: RBA Rate Cut Outlook Briefly Boosts Aussie
The AUD/USD outlook shows brief bullish momentum for the Aussie after most economists forecast the first RBA rate cut in Q2 of next year. Meanwhile, there was uncertainty about the greenback as market participants geared up for the US nonfarm payrolls report. A Reuters poll on Friday revealed that most economists expect the RBA to keep […]
BTC Report: Bitcoin Nears $99k, Trump Announces AI And Crypto Czar
Image Source: Pexels Bitcoin (BITCOMP) has been on a rollercoaster ride, with its price currently hovering around $98,839.69 after a recent surge. This comes amid a flurry of crypto market activity driven by the U.S. economy’s job growth and significant movements within the cryptocurrency landscape.Notably, the market is reacting to the U.S. Federal Reserve’s upcoming interest […]
November Jobs Surge Above Estimates As Wage Growth Comes In Hot, Unemployment Rises
After the October hurricane-driven debacle which sent last month’s payrolls print to the lowest in years, at just 12K, traders were expecting a solid bounce today, with many whispering a print that would come above the consensus estimate of 220K… and they were right: moments ago the BLS reported that in November, payrolls growth surged to […]
Elliott Wave Analysis: BAC Found Support From Blue Box
Hello traders. Welcome to another blog post where we share how members of Elliottwave-Forecast trade using the Elliott wave theory. In this post, the spotlight will be on the Bank of America Corporation BAC, which has the ticker $BAC.BAC is one of the stocks still recovering from the 2008 global financial crisis. After plunging to nearly $2.50, […]
2025 Gold Price Predictions: Off To The Races
Image Source: Pixabay As December begins, financial institutions and market analysts are unveiling their 2025 forecasts, with gold attracting significant attention. Predictions are shaped by a variety of factors, with the new US administration naturally playing a prominent role. However, it is crucial to remember that this is just one piece of the puzzle influencing the […]
GBP/USD Forecast: Pressure Upside Break Out
It does look like we are seeing a little bit of pushback as we have broken above 1.2750 only to drop back down towards it again. So, it’ll be interesting to see how this plays out. I do think we are at a major inflection point right now. So, I am watching this pair with […]
Softish US Jobs Report Favours A December Rate Cut
US non-farm payrolls rose broadly in line with expectations after recent strike and hurricane distrortions, but unemployment picked up by more than expected. With valid questions over the quality of the jobs the US is currently creating, we continue to expect the Fed to cut the policy rate 25bp on 18 December. 227,000 Number of […]
EUR/GBP Edges Lower As Sterling Performs Strongly Across The Board
Image Source: Pixabay EUR/GBP ticks lower as Sterling gains on expectations that the BoE will leave interest rates unchanged in the policy meeting on December 19. EC officials see the impact of French political turmoil to be limited on the Eurozone. The ECB is expected to cut its Deposit Facility Rate by 25 bps to 3%. The […]
Still Leaning Bullish?
S&P 500 pushed for new ATHs early in the session, but was rejected, and premarket session is shallow and cautious – why deploy fresh money before NFPs? No reason to, yet there are distinct signs offered by the bond market and yields overall with respect to where equities are going. VIX continues being tame, and […]
