Our Urgent Market Update Video reviews important real-time market developments and their impact on high-probability trading opportunities. Today, we discuss the above-expected uptick in US unemployment claims numbers amidst stronger than expected inflation and how these news events are likely to impact major markets.
We will start by discussing the numbers. US unemployment claims came in at 258,000. That’s 27,000 above expectation of just 231,000. In addition, both headline CPI (YOY) and core CPI (YOY) both came in 10 basis points above expectations. This ordinarily would not be a major issue, however, with a series of further Fed rate cuts expected it will just cause a bit of hesitation from the Fed and, therefore, from potentially the market as well.
As a result, we are anticipating today’s news event to be broadly negative in nature and potentially negative for markets. This means we would expect to see the US Indices weaken along with a strengthening US Dollar with bullish US Bond Yields. This implies that recent market resilience does not just completely take over once again. All in all, we currently do have difficult market dynamics but, however, potentially decent high-probability trade setups in the pipeline regardless of whether these markets go risk-on or risk-off.
Uptick in US Unemployment Claims Amidst Stronger Than Expected Inflation – Full Video Analysis
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