#EconomicData

[forexgold28]

GOLD (XAU/USD) Market Update:

Gold has reached $2642, poised for further upside.

Uptrend Targets:

$2650-55 (initial resistance)

$2662 (next resistance)

Downtrend Support:

$2630-28 (initial support)

$2620 (key support)

Buying Opportunity:

Buy on dips towards $2630-28

Hold for $2655-62

Trading Strategy:

Long positions above $2642

Stop-loss below $2620

Risk Management:

Set stop-loss orders according to market volatility.

Monitor gold's movement closely and adjust trading strategies accordingly.

[cambcurrencies]

UK GDP Growth Sparks Little GBP Movement

Main Market Movers Today UK GDP Data: The UK has released its GDP figure for May, posting 0.2% growth month on month. This modest rise shows that UK economic activity is picking up but is recovering really slow. The backdrop of positive GDP data lent the British pound little support, though ongoing concerns of the broader economic outlook bridle these gains​. US CPI Data: The US will later…

[farademetre]

Stock Market Daily Update - February 20, 2025 - InvestTalk Market Wrap

In today's market update, the retail sector saw a decline in performance, initial jobless claims were slightly above expectations but still within manageable levels, and economic data is showing early signs of stagflation.

[graphicdesignerjhelpcmb]

How Nvidia's stock responds will be huge for the S&P 500 this week

A year ago, chipmaker Nvidia (NVDA) was really riding high. Sales of its chips were jumping as it transformed itself from a maker of computer chips used for computer gaming into something much more profound:

It had become ground zero for artificial intelligence.

💰 Stay ahead of the markets: Subscribe to TheStreet's free daily newsletter💸

The shares were soaring. CBS 60 Minutes produced a segment on the company and co-founder Jensen Huang.

In June, Nvidia split its stock ten-for-one and was added to the Dow Jones Industrial Average.

see more

[trader-sg112]

Market Outlook for the Week Ahead: Nonfarm Payrolls, Bank of Canada Decisions, Oil Prices, and China's Economic Data

The week ahead promises to bring significant market activity as investors prepare for key economic events and data releases. The U.S. Nonfarm Payrolls report will be a major focus, with market volatility expected as traders react to employment numbers that could influence the Federal Reserve's monetary policy decisions.

Meanwhile, the Bank of Canada is set to announce its latest policy decision, and speculation is high on whether another rate cut could be on the horizon amid economic concerns. This potential move could further impact the Canadian dollar and broader markets.

Oil prices remain under pressure, with concerns over global demand and oversupply continuing to weigh on the market. Traders will keep a close eye on developments in the energy sector, particularly on geopolitical factors and OPEC's output decisions.

Adding to the mix is China's economic data, which will provide insight into the health of the world's second-largest economy. Investors will be particularly interested in how China's economic performance could impact global growth prospects and commodity prices.

As these events unfold, market participants should be prepared for heightened volatility and potential opportunities across various asset classes. Stay tuned for an eventful week that could set the tone for the coming months in global markets.

[usnewsper-business]

Asian Markets: Economic Recovery and Challenges Amidst Global Events #Asianmarkets #businesschallenges #COVID19 #domesticdemand #domesticfactors #economicdata #economicrecovery #geopoliticaltensions #globalevents #HangSengIndex #internationalfactors #investmentdecisions #Japanesestocks #LunarNewYearholiday #marketperformance #Nikkei225 #ongoingpandemic #policymakerchallenges #technologysector

[forexgold28]

GOLD (XAUUSD) :- H4 CHART

PIVOT POINT & HOT RESISTANCE - 2637

If price break below 2635-2637 then we can expect prices to reverse and retest the support zone aligned at 2580-2595.

Alternatively, If Running H4 and Daily candle closes above 2635-2637 then prices will continue the rally towards 2660-2680 Static zones

[financetody09]

Understanding Economic Indicators

Economic indicators are important statistical data points that shed light on an economy's overall state and performance. They act as a compass, guiding policymakers, analysts, investors, and traders in assessing economic conditions and making informed decisions. These indicators offer valuable clues about the direction of an economy, helping stakeholders identify trends, opportunities, and potential risks.

A wide range of factors, including consumer behavior, governmental policies, business activities, and international trade, have an impact on the world economy, which is a vast and intricate system. Economic indicators condense these complex interactions into key metrics, making it easier to gauge the state of the economy at a specific point in time or over a particular period.

Key Economic Indicators: Several key economic indicators hold particular significance due to their impact on financial markets and economic decision-making:  

1.Gross Domestic Product (GDP): GDP is the most common way to measure the economic health of a country. It shows how much all of the goods and services made in a country during a certain time frame are worth. The growth or shrinkage of GDP affects investment choices and shows how healthy the economy is as a whole.

2.Unemployment Rate: The unemployment rate shows how many people in the labor force are idle and looking for work. It is a key sign of how the job market is doing and how much people might spend.

3.Consumer Price Index (CPI): The CPI looks at how the prices of a set of goods and services have changed over time. It is a key sign of inflation and has an effect on the policies of the central bank and interest rates.

4.Purchasing Managers' Index (PMI): The PMI looks at how well the production and service sectors are doing. It gives an idea of how business is going and what to expect from the economy in the future.

5.Interest Rates: The interest rates that central banks set affect how much it costs to borrow money, how much people spend, and how much they invest. The value of currencies, the stock market, and overall economic activity are all impacted by changes in interest rates.

Understanding economic indicators is essential for policymakers, investors, and traders alike. By analyzing these data points, stakeholders can develop a comprehensive view of the economy, anticipate trends, and devise strategies to navigate the ever-changing economic landscape. 

Keeping a pulse on economic indicators is a valuable skill that empowers individuals and businesses to make informed and prudent decisions in an increasingly interconnected global economy.

[cryptotechnews24]

The Impact of Non-Farm Employment and Unemployment Data on Bitcoin and Altcoins

In today's dynamic financial landscape, economic data from influential economies like the USA can significantly affect cryptocurrency prices, especially for Bitcoin and altcoins. Understanding the impact of non-farm employment and unemployment data on the crypto market is crucial for informed decision-making by traders and investors. Let's explore this intriguing relationship between traditional economic indicators and the world of cryptocurrencies.

The Impact of Non-Farm Employment and Unemployment Data on Bitcoin and Altcoins

Bitcoin's battle to maintain its position at $29,000 has attracted attention, but the focus of investors and interested parties has turned towards the economic data released by the USA today. Understanding the State of the Economy: Key Data Disclosed On the first Friday of every month, the release of economic data is closely monitored to gauge the state of the economy. The data unveiled today is as follows: - Non-Farm Employment Data - Expected: 200k - Previous: 185k - Disclosed: 187k - Unemployment Data - Expected: 3.6% - Previous: 3.6% - Disclosed: 3.5% How Non-Farm Employment Data Affects the Market The non-farm employment data exceeding expectations signals a potential economic recovery, and this positive effect ripples through the currency market. The Federal Reserve (FED) closely monitors changes in the labor market as it plays a crucial role in determining the central bank's monetary policy. The FED believes that the labor market, along with falling inflation, needs to stabilize. Therefore, it keeps a watchful eye on employment data. Considering the impact of the banking crisis, any indication of slowing down interest rate hikes may favor risky assets, particularly with lower inflation and employment data. The Ripple Effect on Bitcoin and the Dollar Index (DXY) When the announced data surpasses expectations, the dollar index (DXY) tends to rise while Bitcoin experiences a minor pullback. Conversely, if the data falls below expectations, DXY may see a pullback. A rise in the unemployment rate can lead to a sharp pullback in DXY, which, in turn, becomes a positive factor for Bitcoin. During the minutes when the data is released, both scenarios result in high volatility in the market. Key Takeaways for Investors For investors and traders, closely monitoring these economic indicators is essential. Non-farm employment data, as well as unemployment figures, can significantly sway the market sentiment. Understanding these trends can help make informed decisions. As the market reacts to economic data, investors should keep in mind that Bitcoin and altcoins are influenced by a variety of factors, including macroeconomic trends.

Conclusion

The economic data coming from the USA has a significant impact on the prices of Bitcoin and altcoins. The non-farm employment data is a vital indication of possible economic recovery, which affects the currency market and, in turn, affects Bitcoin's performance. Furthermore, fluctuations in the unemployment rate have consequences for both the dollar index and Bitcoin. Investors and traders must thoroughly analyze these indicators to navigate the market successfully, especially during data releases when there is high volatility. For more articles visit: Cryptotechnews24 Source: en.bitcoinsistemi.com

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[trader-sg112]

Oil Market Update: Brent and WTI Futures Steady Amid China and Japan Economic Concerns

Oil futures experienced a mixed week, with Brent crude oil for September delivery holding steady at $82.38 per barrel, while West Texas Intermediate (WTI) crude futures edged up to $81.41 per barrel. Despite this minor uptick, Brent crude saw a decline of approximately 0.3% over the week, and WTI was on track for a near 2% loss. This downward trend is largely attributed to ongoing worries about economic growth and demand in China, the world’s largest crude importer.

Recent GDP data from China revealed that the economy grew less than anticipated in the second quarter, fueling concerns about future oil demand. Adding to the uncertainty, Japan's economic outlook has also become more ambiguous following recent inflation data from Tokyo that did not meet expectations. As global markets grapple with these economic signals, the oil market remains volatile, reflecting investor apprehension about future demand and economic stability.

The interplay of these factors has created a cautious atmosphere in the oil market, with traders closely monitoring economic indicators from major global economies to gauge their impact on crude oil demand and pricing.

[usnewsper-business]

Surprising Job Growth and Geopolitical Tensions Impact Asian Markets, Boosting Growth Potential #Asianmarkets #australiandollar #catalysts #economicdata #geopoliticaltensions #growthpotential #HangSengIndex #inflationfigures #Kospi #Nikkei225 #ReserveBankofAustralia #ShanghaiComposite #ShenzhenComponent #tradenumbers #USandNorthKorea

[parkavifinance]

Tomorrow’s Market Forecast: Nifty, Bank Nifty & Breakout Stocks Insight

: Indian markets, US stock market, economic data, Nifty 500, Sensex, sectoral performance, foreign investments, economic outlook

Hashtags: #IndianMarkets #USStockMarket #EconomicData #Nifty500 #Sensex #SectoralPerformance #ForeignInvestments #EconomicOutlook

​⁠@ParkaviFinance

Tomorrow’s Market Forecast: Nifty, Bank Nifty & Breakout Stocks Insights

Market Summary:

Indian Benchmark Indices: Sensex down 0.31%, Nifty down 0.64%

Sectoral Performance: IT up 4%, PSU Banks up 1%, Consumer Durables up 0.9%, Healthcare up 0.2%; Realty down 4.1%, Media down 3.3%, Oil & Gas down 1.9%, FMCG down 1.8%

Top Gainers: M&M up 5.6%, Apollo Hospitals up 5.5%, Tech Mahindra up 4.8%

Top Losers: Trent down 11.9%, Coal India down 6.6%, Muthoot Finance down 6.6%

Foreign Investments: FIIs net sellers of Rs 19638 crore, DIIs net buyers of Rs 14392 crore

US Market Summary:

Stock Performance: Nasdaq up 5.7%, S&P 500 up 4.7%, Dow up 4.6%

US Crude Futures: Up 1.6% to $70.4/barrel

Gold Prices: Down 1.9% to $2684.5/ounce

Economic Data:

India: HSBC India Manufacturing PMI at 57.5, HSBC India Services PMI at 58.5, Forex reserves at $682.1 billion

US: Consumer sentiment at 73.0, New orders for manufactured goods at $584.2 billion, Vehicle sales at 16.0 million units, ISM Services PMI at 56, Nonfarm business sector labor productivity up 2.2%

UK/Eurozone/Germany: S&P Global UK Services PMI at 52, Bank of England rate cut to 4.75%, Eurozone Manufacturing PMI at 46, Eurozone Services PMI at 51.6, Producer prices down 3.4%, Eurozone retail sales up 0.5%

Japan/China: Japanese household spending down 1.1%, China's consumer prices up 0.3%, China's PPI down 2.9%, China's trade surplus at $95.27 billion

Outlook:

Investors to watch inflation trends, cautious approach advised in India, Nifty support at 23800, resistance at 24537

Watch in tamil

: Indian markets, US stock market, economic data, Nifty 500, Sensex, sectoral performance, foreign investments, economic outlook

Hashtags: #IndianMarkets #USStockMarket #EconomicData #Nifty500 #Sensex #SectoralPerformance #ForeignInvestments #EconomicOutlook

breakoutstocks

[cambcurrencies]

November 6: Market Moves Amid ECB Speech & U.S. Election Buzz

Market Overview: November 6, 2024 Today as we await US election results there’s various bits of data out. These include Germany’s industrial orders, the Eurozone’s PMI, and central bank rate decisions. Additionally, the ongoing U.S. election coverage is adding an extra layer of anticipation to the market. Get a Free Quote Key Data Points 07:00 EUR – German Industrial Orders (MoM): Previous…

[farademetre]

InvestTalk - 6-30-2023 – U.S. Yield Curve Inversions Deepen on Hawkish Fed and Strong U.S. Data

The Fed is projected to maintain higher interest rates for a longer period of time, as supported by better-than-expected economic statistics released on Thursday.