Manufacturing Optimism Sees Uptick in April – CBI Industrial Trends Survey

By Admin in Reviews

In April, sentiment within the manufacturing sector saw an improvement, with output expectations reaching their strongest point in six months, as reported by the latest quarterly Industrial Trends Survey by the CBI.

Over the three months leading to April, output volumes remained relatively steady, following substantial declines in the first quarter of 2024. Looking ahead, manufacturers anticipate a rise in output over the next three months, with expectations reaching their highest since October 2023. Despite this, average cost growth remains elevated compared to historical standards, and costs are expected to continue increasing at a robust pace in the quarter ending July. Forecasts more…

US Employment Sector Demonstrates Steady Progress

By Admin in Reviews 0 Comment

Today’s release of the April Non-Farm Payrolls (NFP) report unveiled impressive growth in the US employment sector, exceeding predictions. An increase of 253K non-farm payroll positions surpassed the anticipated 180K, indicating ongoing economic recovery and expansion.

The jobless rate also showed improvement, decreasing to 3.4% in comparison to the projected 3.6% and the prior month’s 3.5%. This decline suggests a more robust labor market as the economy continues to advance. The labor force participation rate remained consistent at 62.6%, illustrating a stable workforce within the economy. Despite a slight slowdown, the employment sector remains strong.

Month-over-month, average hourly earnings saw a 0.5% increase, more…

Altcoins Outlook: 3 Simple Trade Ideas (analytics + technical analysis)

By Admin in Articles, Reviews 0 Comment

Bitcoin has been trading sideways for the entire month now. The BTC/USD pair has made 2 unsuccessful attempts to break through the bearish level of $ 40,000 and 3 failed attempts to break through the bullish $ 30,000.

While bitcoin is stagnant, traders have switched their attention to altcoins. After the BTC rate began to correct from $ 42,000 area, the altcoin market came to life: billions of dollars are circulating on crypto exchanges every day.

If you are stuck with Bitcoin trades, it’s time to take profits and look around: altcoins are becoming more and more attractive every day. Let’s start our analysis with Ethereum, the second most popular cryptocurrency.

Will more…

Will Gold and Precious Metals Continue their Bull Run?

By Admin in Reviews 0 Comment

Gold, silver and copper have been soaring since March lows, and they posted new cycle highs in August. They’ve seen consolidated, and metals have been trading in shor-term bearish trends and consolidative formations.

Today the fundamental situation remains bullish for precious metals. Why? Major central banks are about to introduce more easing, with the Reserve Bank of Australia (RBA) and the Bank of England (BoE) having announce more Quantitative Easing (QE) in November, while the European Central Bank (ECB) is expected to increase its bond-buying program at the December meeting.

The Federal Reserve (Fed) is also expected to act following Fed Chair Jerome Powell urging congress to provide more more…

Trading the US Election Through the Eyes of an Expert Trader

By Admin in Reviews 0 Comment

Every active trader looks for a rise in market volatility for potential opportunities.

That’s why the 2020 US election is one of the most anticipated trading events of the year.  And with less than a week to go, pro traders are preparing in different ways. Technical traders are watching price charts to predict potential market movements, fundamental traders are tracking data points to determine the strength of a particular currency. Whichever way you choose to trade the election, it’s a time for all traders to size up their strategies and risk management tools to make sure they are best positioned to benefit more…