The US Bureau of Labor Statistics’ Job Opportunities and Labor Turnover Survey (JOLTS) recorded 7.744 million job opportunities for October, and this does not go without economic ramifications. While there has been a lot of noise around the trend, there are not truly substantial cracks in the US economy, therefore, …
Read More »Job Openings Plummet to 3½-Year Low
In a further indication of a weakening labor market, the U.S. Department of Labor reported on Wednesday that job openings declined to their lowest level in three and a half years. The closely watched Job Openings and Labor Turnover Survey (JOLTS) revealed that available positions fell to 7.67 million in …
Read More »US Dollar Holds Recent Gain Amid Promising Data, Ahead of FOMC Meeting
US Dollar maintains momentum ahead of Fed decision and labor market update. US JOLTs and CB Consumer Confidence figures exceed expectations. Fed is expected to stay data-dependent and keep possibilities open for a September cut.The US Dollar, measured by the DXY index, is trying to continue its upward trend, but …
Read More »USD experienced minor losses after Powell’s forecast
On Tuesday, the DXY Index showed a decrease in gains to hover near 105.70. The Greenback is influenced by rising JOLTS figures and Jerome Powell’s comments about the inflation outlook.The US Dollar experienced minor losses following Jerome Powell’s disinflation forecasts, with JOLTs figures from June coming in higher than expected. …
Read More »Market Drivers; US Session, April 2
As European investors got back to work after the long Easter break, the US dollar declined from its recent highs, providing some much-needed relief in the risk-linked world. The USD Index (DXY) dropped to 104.70 from recent heights over 105.00 as a result of fresh selling pressure on the US …
Read More »Bitcoin Plummets Below $39,000 as Aggregate Liquidations Surge to $320 Million Within 24 Hours
Bitcoin (BTC) faced heightened volatility on Tuesday, slipping below the crucial $39,000 threshold and registering a 4.33% decline over the past 24 hours. As of the latest update, the primary cryptocurrency was exchanging hands at $38,955. This market movement prompted a significant liquidation event, affecting 124,153 traders and resulting in …
Read More »Bitcoin jumps 6% to levels exceeding $46,600
Bitcoin jumped 6% during January 9 trading as investors awaited potential regulatory approval of a US Bitcoin exchange-traded fund this week. In mid-trading on Tuesday, January 9, the price of Bitcoin reached more than $46,600, after recording $46,840, i.e. the highest level since April 2022. The number of Bitcoins mined …
Read More »Bitcoin advances after initially impacted by FOMC minutes
Bitcoin has recovered from its recent decline earlier in the week, trading 4.02% higher over the past 24 hours and peaked to $44790, but at the time of writing, Bitcoin is trading at $44333 up by 3.45%.Analysts attribute this to uncertainty from the Fed on the pace of rate cuts …
Read More »JOLTS for November decline below forecast
The number of job openings on the last business day of November stood at 8.79 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This reading followed 8.85 million (revised from 8.73 million) openings in October and came in …
Read More »Gold celebrates softer US economic data
Gold and silver prices rose during Tuesday’s lunchtime US trading session, with gold reaching a three-week high and silver reaching a four-week high. Fresh purchasing activity in the precious metals was sparked by reports on the consumer confidence index and the US jobs turnover data (JOLTS), both of which were …
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