Category Archive: Finance
EUR/USD Reaches Session Highs Near 1.0800 After US Jobless Claims
Image source: Pixabay The Dollar extended its reversal as US Jobless Claims increased. These figures confirm the view that the US labor market is deteriorating. EUR/USD remains bearish while below 1.0850. The Euro bounced up ahead of Thursday’s session opening times with the US Dollar extending its reversal. US Jobless claims have confirmed that the labor market is […]
USD/JPY Price Aiming To Pounce 145.0 After Downbeat US ADP
The USD/JPY price slumped well below yesterday’s low of 146.89. Fundamentally, the US dollar’s depreciation was expected after the US ADP Nonfarm Employment Change came in at 103K in November versus 131K expected, compared to 106K in October.In addition, the Trade Balance, Revised Nonfarm Productivity, and Revised Unit Labor Costs also reported poor data in […]
Sensex Today Ends 132 Points Lower; Nifty Holds 20,900
Image Source: Unsplash After a muted opening, Indian share markets traded in a narrow range throughout the session and ended marginally lower.Equity benchmark indices were dragged by weak global cues and falling crude oil prices. Today’s fall comes after seven consecutive days of gains where the Sensex and Nifty scaled fresh all-time high on multiple occasions.At […]
GBP/USD Analysis: US Dollar Is Trying To Recover Its Losses
Since the start of this week’s trading, the price of the GBP/USD pair has been on a downward correction path with losses that extended to the support level of 1.2544, abandoning the gains of the relatively upward rebound that affected last week. The resistance level of 1.2732 is its highest in three months.Thus, it was […]
A Curious Claim That The BLS Is Overstating Rent And Exaggerating Inflation
It’s not often I hear a claim the BLS is overstating inflation, but it comes from two people I respect, so let’s investigate. Cleveland Fed New Tenant Rent Index NTR with upper and lower bound 95% confidence intervals, CPI rent of primary residence, and OER. Chart by MishI created the above chart from a Cleveland Fed data […]
GBP/USD Faces Stern Test: NFP, CPI, FOMC, BoE On The Horizon
Photo by Colin Watts on Unsplash The GBP/USD is poised for a significant challenge in the upcoming days, spanning the end of this week and much of the next. Anticipation surrounds key data releases from both the UK and the US, with the US nonfarm payrolls report on Friday and CPI data on the horizon. Moreover, the Federal […]
The Energy Report: Crudes Raging Contagion.
Image Source: DepositPhotosThe crude oil market crash impacted the mood across the spectrum shaking confidence yesterday about asset classes across the board. Oil crashed below $70.00 based on rising US production and slowing economic fears and the magnitude of the move negatively impacted commodities across the board from stocks, and grains to sugar and even […]
Asia Week Ahead: Inflation From China And India, A BSP Pause And Australian Unemployment
Image Source: Pexels Next week features several data releases, and the main focus will be on inflation figures out from China and India. Meanwhile, Australia reports labour market data, Japan’s Tankan survey is scheduled for release, and the BSP decides on policy. China’s inflation to remain the negative territoryNext week will feature a data deluge from China, with the […]
Initial Claims Continue To Forecast Expansion
This morning we had our last look at initial jobless claims before tomorrow’s November jobs report. On a weekly basis, claims rose 1,000 to 221,000. The four-week average rose 500 to 220,750. With a one-week delay, continuing cliams declined 64,000 from last week’s 2 year high to 1.861 million: While continuing claims have continued to […]
GameStop Shares Plunge 7% After Revealing Bizarre Plan To Allow CEO Ryan Cohen To Invest Company Cash In Equities
Image Source: DepositPhotosShares of GameStop are plunging in the pre-market session, down about 7% after the company announced earnings that missed estimates.But it wasn’t the company’s perfunctory and boring earnings miss that drew the attention of Wall Street. Rather, it was the company announcement of a new policy that allows its Chief Executive Officer, Ryan […]
