unemployment numbers were released earlier today they missed substantially from estimates of 978,000 jobs came in at 266,000 the big number here which surprised me is that manufacturing jobs dropped by 18,000 so that traction that we’ve seen over the past several months is one away completely.
Let me address why I think the markets are doing better today. I...
Standard analysis measuring unemployment fluctuations. Attention should be drawn to areas between 2.51 to 5.10 where strong support has been shown to contribute to unemployment increases since 1953.
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.
The Japanese yen is drifting in the Monday session. In North American trade, USD/JPY is trading at 108.67, up 0.05%.
The yen has posted four winning weeks out of the past five, as the US dollar continues to struggle. Still, the US/Japan rate differential continues to support USD/JPY, which remains in no man's land slightly below the 109 level.
Japan will release...
The New Zealand dollar has posted strong gains on Tuesday. In the North American session, NZD/USD is trading at 0.7133, down 88% on the day.
We continue to see significant volatility from the New Zealand dollar. The currency ended the week with sharp losses of 1.18%, as strong US data lifted the US dollar. NZD/USD started the week with strong gains, but these...
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.
NZD/USD have been locked in a titanic battle for control of this chart for the last 8 hours or so. Technically we should break south to relieve overbought conditions on H1 timeframe but with the key Non-Farm Payrolls and Unemployment Rate out of the USA due at 13:30 GMT, this pair ain't goin' nowhere for 3 hours. The risk it has to be said is that the numbers...
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...
