JOLTS - Job Openings
Rep: 8.863m 🚨Lower than Expected 🚨
Exp: 8.900m
Prev: 8.889m
Long Term Trend (DOWN)
Since May 2022 we have remained in a downward sloping channel reducing from 11.85m to current day 8.863m in job openings (see channel on chart).
Shorter Term Trend (Turning Down)
The number of job openings went down by 26,000 from the previous month to...
With a tentative agreement to raise the debt ceiling reached over the weekend, we now look to see how the markets react when it is voted on later this week.
Technical Analysis: The megaphone pattern we’ve been watching all month is still in play. We also have the macro uptrend line that we have not tested since March.
My general lean for this week is bullish....
The New Zealand dollar is showing sharp movement on Wednesday after the Reserve Bank of New Zealand shocked the markets and raised rates by 50 basis points. In the US, JOLTS Jobs Openings was below expectations, raising concerns about the strength of the US labour market.
In the European session, NZD/USD is trading at 0.6296, down 0.24%.
The RBNZ gets the prize...
Taken an options position here on USDJPY with a Friday Expiration, hoping to see a break either side.
We have the JOLTS Jobs report later today and Non-farm employment change tomorrow so I'm expecting these to provide the boost we need to break out of the range.
The Canadian dollar continues to show strong movement early in the New Year. USD/CAD is currently trading at 1.2674, down 0.56% on the day.
The first tier-1 events in 2022 out of the US disappointed, missing their estimates. The ISM Manufacturing PMI for December slowed to 58.7, missing the consensus of 60.0 and below the November reading of 61.1 points. The PMI...
