US Non-farm Payrolls up 916K in March, unemployment rate dropped from 6.3% to 6%. The March Manufacturing PMI registered a record high 64.7 percent, and the March Services PMI registered at a 16-year record high 63.7 percent.
As we mentioned before, the US economy in Q2 would be benefited by the Manufacturing and Services industry.
MM Analysis
US Non-farm...
This week won't be complete with some volatility because of unemployement rates,vaccine news and also elections. SPY has gaps to fill on upside and also downside. Down it has to go to 320.20,up to 325.11. 321.28 seems to be where things are bouncing PM so that would be a good level to watch. If we go bellow then 320.20 will be for sure there as well to fill the...
A paradigm shift followed the "It's time" chart more rigidly than even I expected. Apologetically we can give the official ✅ for those following the example of dogmatism from @ridethepig and can see clearly how far we have come:
"It's Time"
📌 It can be said that the opening knee-jerk reaction ...
As the figure shows there is a clear negative correlation between U.S. unemployment and the S&P 500. Currently, we are seeing extreme highs in unemployment and the recovery will certainly take some time.
To see more reasoning for a short position, please look at my previous post on the S&P 500 (Witnessing a bubble created by people's unrealistic expectations)
...
with the unemployment rates coming out for JPY I believe this pair will DIP down to this 116.950 levels
EURO just saw a upswing with a weak DXY yesterday however I am of strong influence that EJ will sink in favor of yen safe haven.
IF I am wrong I have posted the high of 121.0 which would be hit if EJ flys because of a weak YEN.
YEN> USD
USD was very weak...
Here you will clearly see the highest Unemployement rate ever recorded in the US. This chart only goes back so far, but if you could go back further you would see that it is definetly the highest rate ever.
Unbelievable.
Overview: There is an ADP Non-Farm Employment Change report tomorrow at 5:15am PST which is expected to have a high impact on the US Dollar. We all know how unemployment has been recently - the worst the world has seen since the Great Depression. We are also entering the extremes of the range on the Euro and US Dollar, providing a high probability opportunity for...
Following the attention that my recent Dow Jones/ S&P500 ideas got (you can find both at the bottom of this study) in relation to a potential market crash, I thought it would be a good time to look look at how the stock markets (S&P on this particular study) went by in times of sharp increase on the Unemployment Rate.
** Before we start, please support this idea...
At the monday we will check the unemployment rates and it will be high.
The first week will be almost calm, but when the people will see the government can't do anything with it or release carantine from the economy - it will produce new wave of COVID sick and new panic wave at the finance sector.
The highest pick of COVID would be at the middle of the may.
Also...
Low levels of unemployment normally mean that the economy is at its best and that all companies are fully hired and investors have been investing a lot to grow businesses. The danger is overinvesting and a very competitive environment which backslash in this euporic low levels of unemployment. These are well correlated to economies topping as the tipping point...
Unemployment graph since 1950. Drastic highs and lows from business layoffs spurring economic crashes. Each trough puts in motion an economic recession. A healthy economy has an unemployment rate of 4.5%. Below or above that range is considered unhealthy. We are currently in the longest unemployment decrease in history. I think currently the US economy is...
I didn't notice the purple trend line before, but it started the 2008/9 Financial Crisis. I see this as heavy resistance, if we get rejected at this trend line then for sure we will have a major economic collapse. If we bust through this resistance line then I can see the market going nuts for 5-6 more years. I tend to think we crash within the next year and a...
![GOLD: [GOLD] Short position](https://s3.tradingview.com/g/GzFNlN8v_mid.png "[GOLD] Short position")
