Robots Rising
The International Federation of Robotics publishes an annual report on the use of robots in manufacturing and services. The main report is expensive and restricted, but some highlights are free. The top panel shows robots per 10,000 workers in manufacturing industries for 2023. The panel below shows a similar figure with data for 2017. A few themes emerge:1) […]
Sensex Today Ends 230 Points Higher; Nifty Above 24,250
After opening the day marginally lower, Indian benchmark indices reversed the trend as the session progressed and ended the day higher.The benchmark equity indices, BSE Sensex and NSE Nifty50, settled higher on Wednesday, mirroring their global peers.At the closing bell, the BSE Sensex stood higher by 230 points (up 0.3%).Meanwhile, the NSE Nifty closed higher by 82 points (up […]
EUR/CHF Price Prediction: Risks Further Downside To Target Despite Hammer Candle
EUR/CHF recovers after declining following a breakout from a Triangle pattern that started forming in August and completed in November (see chart). The pair reached lows of 0.9204 on November 22 but promptly recovered to form a bullish reversal candlestick pattern called a bullish Hammer (green rectangle on chart below). EUR/CHF Daily Chart Despite being a classic […]
Jobless Claims Continue To Signal Moderate Expansion
Let me start to update this week’s data with jobless claims.Initial claims fell another -2,000 to 213,000, the lowest since last May. The four week moving average declined -1,250 to 217,000, also a six month low. With the usual one week lag, continuing claims rose 9,000 to 1.907 million:As with one week ago, the increase […]
USD/CAD Turns Subdued After Mid-Tier US Data Release
Photo by Michelle Spollen on Unsplash USD/CAD edges lower as the US Dollar tumbles after a slew of mid-tier US economic data. Investors will pay close attention to the US PCE inflation data for October. The Canadian Dollar remains weak as US Trump threatens to impose 25% tariffs on Canada. The USD/CAD pair ticks down as the US […]
The Yen Carry Trade Is BACK (Here’s What You Need To Know)
Image Source: Pixabay Japan’s yen has diverged from other currencies over the past few weeks, strengthening against the dollar. That suggests more carry trading dynamics, an interplay between different versions of them. Yes, there is more than one carry trade, and understanding the distinctions is key to getting a sense of possible vulnerabilities here.Video Length: 00:19:59More […]
What Industries Will Suffer The Most Under Trump’s Plan To “Make Tariff’s Great Again”?
Trump is upping the rhetoric on Mexico, Canada, and China on top of previous tariff threats. Who will be hardest hit?Import/Export data from Trading Economics, chart by Mish Threat to Scrap USMCAThe Wall Street Journal writes Trump Fires Salvo on North American Trade Pact Donald Trump’s new tariff pledges send a clear signal that he wants […]
Core PCE Meets Light Volume
Yet another tight range, low volume S&P 500 day was good enough for slow extension of clients‘ swing gains, and for quick intraday ones too. What should be a disappointment for every tech investor, is the reaction to yesterday‘s batch of earnings, especially in light of retreating yields. This analogically applies to precious metals stabilization and […]
Continuing Jobless Claims Top 1.9 Million Americans – Highest In 3 Years
The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) – the lowest since April 2024…Source: BloombergHowever, on a non-seasonally-adjusted basis, claims hit a four month high.Meanwhile continuing jobless rose to 1.907 million Americans – the highest in three years…Source: BloombergSo, take your pick – the labor market […]
Elliott Wave Technical Analysis – Chevron Inc.
CVX Elliott Wave Analysis Trading LoungeChevron Inc., (CVX) Daily ChartCVX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {iii}.DIRECTION: Upside within {iii}.DETAILS: Looking for upside into wave {iii} as we seem to be missing another wave (iii) and (iv) within {iii}, suggesting we could get towards 200$.Chevron Inc., (CVX) 1H ChartCVX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: […]
