Hilarious, given how Oil slumped today, got to love market manipulation at it's finest.

Saudi reaffirms commitment to the OPEC+ precautionary measures

The answer is pretty simple - forecast = website views = signal buying ponzis and the narrative is cyclical. There are very few analysts that actually analyse the market, because most of the time it won't get the views from retail "plebs"

Trading Support and Resistance – EUR/USD, USD/CHF

US is going to be weak until CPI data, or we are going to be stuck in range, Dollar hasn't got any catalyst to push forward average hours worked reduced whilst wages spiked which is indicatory of the seasonal jobs, NFP revised lower on 6 months, ...

The Employment Situation - July 2023

NFP missed again, previous NFP revised lower, Hour wages increase but that's due to hospitality and leisure industries which is a temporary matter and we will see a big drop again in September once the seasonality period is over. US Economy is ...

The Employment Situation - July 2023

Inflation pressure seems to be subsiding in terms of labour cost which is good to see as that was a massive factor due to supply and demand caused by COVID, now the NFP is really up in the air should the ISM come out softer than expected.

Productivity and Costs - Second Quarter 2023, Preliminary

Leisure/hospitality 201,000 Trade/transportation/utilities 30,000 Information 36,000 Financial activities -5,000 Professional/business services 5,000 Education/health services 12,000 So, there you have it, it's all seasonal jobs, only 124,000 actual ...

ADP National Employment Report: Private Sector Employment Increased by 324,000 Jobs in July;...

Given the reaction from the market (or lack thereof) shows that investors no longer care about this rating. Everyone is still buying the dollar and even with the downgrade it's the best rotten fruit out of the basket.

Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable

The slowdown is definitely happening, however, the question that most investors are asking... is whether it's happening quickly enough. Looking at the currency reaction, seems that dollar wants to continue to strengthen until the NFP report lands, ...

Job Openings and Labor Turnover – June 2023

Yen is weak and will be weak until BOJ pivots hard. Ultra loose monetary policy, plus a failing economy means that who on earth would want to buy Yen when they have USD (High return of investment) then EUR and GBP which are far stronger than Yen at ...

US JOLTS Preview: Fed doves need a decline in job openings

Because they do import everything - everything being a broad term and it's not absolute, simply stating the fact that UK is a NET importer, therefore inflation, supply/demand is impacted by outside factors more than inland EU countries + brexit is ...

Money and Credit - June 2023

That's why I said it's a complicated topic, I am not going to write an essay explaining how the circulation of money works on here., you have m0, m3, m4 etc. Nothing I stated is factually wrong. The premise + data supports my thesis, explaining ...

Money and Credit - June 2023

Actually MOM inflation has decreased by 0.1% vs the consensus of increasing by 0.3%, which shows a big slowdown as previous month inflation increased by 0.3%. The reason why there was EUR/USD uptick was due to GDP data was positive, however the ...

Euro area annual inflation down to 5.3%

url . Simple google on the official statistic would give you what you are looking for. As for money supply, "M4 is referred to as "broad money" or simply "the money supply" pretty self-explanatory, less money in circulation, less spending, lower ...

Money and Credit - June 2023

great sign that money supply is at -0.1, the inflation is going to be cooling off at a rapid rate. I expect next print to be around 6%. However given that UK is an island and everything is imported including energy, I believe that UK will be the ...

Money and Credit - June 2023

Insanely good numbers here by the US, almost unbelievable, and given how everyone was dollar short yesterday, I expect a big rally in the dollar or a fake push then another leg down, 1h candle will provide all that's needed

Gross Domestic Product, Second Quarter 2023 (Advance Estimate)

Wow 2025? That means the hold of high rates until 2024 at least? That's insane to say!

Fed's Powell: I don't see inflation back at 2% until about 2025

Time for Powell to bring the market down, very hawkish statement all in favour of hiking, labour market is still strong and therefore seeing further hikes in play and I think Powell will statement will hammer the market down. In addition inflation ...

Federal Reserve issues FOMC statement

Why would anyone want to borrow at the rates ECB set right now? Everyone knows easing will come sooner or later, so the borrowing will naturally increase, once the pivot happens there will be a panic of 12 - 18 months as it will be a clear signal ...

July 2023 euro area bank lending survey

As expected, however US Manufacturing shot up to near expansion level again, which just shows how strong the US economy is vs the world, for now anyway... For now we will expect higher rates to stay for longer with a terminal rate to be around 5.5% ...

US expansion loses momentum as service sector growth slows in July