Labor Force Participation is Cited by the BLS to be @ 63%~.
Unfortunately, for those members of Humanity who can
add and subtract...
A large discrepancy exists.
59.680,000 ~ by U6 is the Factual Math.
_________________________________________________
The following commentary will provide a clearer picture of the
state of Employment.
red falling wedge has been completed.
Price can go up to around 94,7. there it should turn around.
But there will be NFP and unemployment news in a few minutes, so I closed my EU shorts and now I'm waiting.
I expect that USD index should fall and EURUSD should start to rise.
Wait for the news, to show where price will go next.
Good luck.
The dollar has come under pressure over the last couple of weeks as the economic data has necessitated a more dovish line from the Federal Reserve.
The result is that, despite breaking below the 200/233-day SMA and into bearish territory, the pair has failed to gain much traction to the downside.
We'll soon see whether that failure is temporary or more...
Here's my take on the multiple outcomes the job market. Looking at the REAL data, not the bullshit cooked numbers of the labor bureau ! The U6 numbers are the closest one to the reality. So these are the ones we'll study here along with interest rates, market valuations and growth potential.
The pound slid following the release of the UK jobs report on Tuesday, despite the headline numbers looking broadly positive for the country.
The UK labour market looks in a very strong position as the furlough scheme continues to be phased out. The data today is very encouraging, from the drop in the headline unemployment rate to the payrolls.
Vacancy numbers...
On the DE30, price is respecting the non horizontal supports and resistances since many weeks.
So what do we have on this one ?
1. Non horizontal Support: The price is retesting now for a second time our yellow support meaning that we should look only for buy setups on the short term. So let's dive in to see what are our possible opportunities.
2. Double...
This is the unemployment rate to the FED funds rate and CPI, just noting changes relative to events. I'll only be posting the economic charts as more events unfold.
AUDCAD is predicted to move lower, and started trending down, so I am going long. It's complicated...
Let me explain why, to sum up it is because nothing ever goes in a straight line, and trends have waves.
I would not recommend doing this to someone working at a hedge fund or bank, unless they are trying to get fired.
Fundamental drivers & economic calendar...
The GBPNZD pair appears to be forming a new Dead Cat Bounce pattern, which typically signifies likely bearish reversals.
An opportunity to sell around 1.94500 (previous swing high) may emerge, provided that the price rebounds from the 50-day MA (in green) and 100-day MA (in blue) for a second time. It did the same during the establishment of the first Dead Cat...
The British pound has recorded considerable losses on Wednesday and fallen below the 1.38 line. Currently, GDP/USD is trading at 1.3775, down 0.63% on the day.
The UK released a mixed employment report earlier on Tuesday. In February, claims jumped to 86.6 thousand, compared to the forecast of 9.0 thousand. This was the highest claim count since July. The...
Yesterday JPowell was very dovish. In summary, it's clear that the FED will use every tool necessary to achieve full employment.
This implies that he'll let inflation run hot above 2% for a while. The recent rise in the US 10 YR yield indicates inflation is coming. However, JPowell said that he won't use tools to raise rates to follow the yield curve yet but...
Continuing on my exploration for signs of economic trouble ahead (or not?) I thought I'd take a look at the Unemployment rate figures, assuming they'd follow patterns like everything else.
Well, they sure do seem to....
I've forgone my normally Fibonacci delving in the timing intervals and just used some basic extrapolation, as it's made all the harder by Trading...
Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by...
One must admit it is remarkable where the unemployment level was pre-covid. There would have been a considerable melt up within the market at peak employment like that.
It is a trying state of affairs as the unemployment rate is viciously targeting various sectors relentlessly.
Yet another great prediction. If you've read our analysis yesterday and traded it accordingly, we congratulate you for great profits. As we predicted, the price had an initial push lower to closed the gap, which correlated with past VPOC. This was the level which had double significance for buyers who stepped in to take the price to 12 882 and even broke out this...
Stock market - Against all odds, S&P index has risen almost 32% since hitting a low for the year on March 23. The fact that it happened after a ferocious plunge of 35% between Feb. 20 and March 23, the most devastating sell-off since the great depression, made the feat even more remarkable.
As a matter of fact, the market posted its best quarter since 1998,...
