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Markets Markets are trembling. US payrolls missed expectations by a significant margin as employment only grew by 114k (175k consensus). Last month’s reading was revised down by about 30k. The unemployment rate unexpectedly rose to 4.3%, the highest since Oct 2021, and hourly earnings only rose by 0.2% m/m (3.6% y/y). It’s a big disappointment […]

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15/03/2024

US100: Consolidated and Preparing Correction Below 18100. Key Levels on H4

Bearish Scenario: Shorts below 18100 with TP1: 17900, TP2: 17814, and 17630 with S.L. above 18130 or at least 1% of account capital*. Anticipated Bullish Scenario: Intraday longs above 18130 with TP: 18219, TP2: 18270, and TP3: 18428, with S.L. below 18050 or at least 1% of account capital*. Apply trailing stop. Bullish Scenario after […]
13/06/2024

Crypto Growth Derailed

Market Picture The cryptocurrency market failed to get on the growth rails, losing 0.7% in 24 hours to $2.44 trillion, near end-of-day levels on Wednesday. The positive effect of the soft inflation report was erased by the Fed’s comparatively tightening stance, which suppressed appetite for risk assets. This is clearly visible in the demand for […]
24/07/2024

The First View on Big Tech Earnings Wasn’t Inspiring

The first view on Big Tech earnings wasn’t inspiring. Tesla’s earnings missed estimates for the 4th consecutive quarter as revenue from car sales declined 7%. The company’s energy generation and storage revenue doubled and services revenue rose 21%, but the latter couldn’t make up for the EV sales decline. As a result, Tesla earned $1.48bn […]