Both initial jobless claims and continuing claims were lower than expected last week.
🔊 Initial Jobless Claims came in at 217K versus the consensus forecast of 223K. 🔊 The 4-week average came in at 221K versus the consensus forecast of 226K. Source: CMG Venture Group
BREAKING 🚨 PPI data came out…
YoY Growth: • PPI (Oct), 2.4% Vs. 2.3% Est. (prev. 1.8%) • Core PPI, 3.1% Vs. 3.0% Est. (prev. 2.8%) MoM Growth: • PPI (Oct), 0.2% Vs. 0.2% Est. (prev. 0.0%) • Core PPI, 0.3% Vs. 0.2% Est. (prev. 0.2%) Source: Stocktwits
Dax pullback finished ?
The DAX has experienced a pullback exceeding 4% since mid-October highs. Yesterday's Doji candlestick and liquidity grab suggest that the swing support at 18,911 may hold. Do you believe the pullback has concluded? Source: Bloomberg
Gold Reaching Support Levels
Gold has recently pulled back to the 50% retracement level and is approaching the imbalance zone between 2530-2547. The major swing support zone remains between 2280-2346, and it's important to note the discount zone between 2280-2533. Price Action: A rebound could happen at any moment as price approaches these key levels, so keep a close eye on the market for potential moves. Source: Bloomberg
JUST IN: 🚨BlackRock’s Bitcoin ETF has hit $40 billion in assets in a record time 🚀 The most successful ETF launch ever
Source: Bloomberg, Bitcoin Magazine
JUST IN: White House plans to triple Nuclear Power by 2050 to meet technology demands.
Source: Bloomberg
U.S. and China account for half the worlds’ household wealth
Source: Visual Capitalist
YTD returns
Source: IceCap
