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Implications From Last Week’s Blockbuster Jobs Report
Article By:
Gary D. Halbert
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Friday, February 10, 2023 9:23 AM EDT
Last Friday’s jobs report for January was a stunner! The Labor Department reported a whopping 517,000 new jobs were created last month, which was more than three times the 185,000 number most forecasters were expecting.
Italian Industrial Production Rebounded In December, Beating Expectations
Article By:
ING Economics
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Friday, February 10, 2023 9:10 AM EDT
Positive signals from confidence data in January warrant some optimism, but do not clear the way for a substantial short-term acceleration, given the uncertain external environment.
In this article: EWI
Will This Year’s Recovery In US Bonds Continue?
Article By:
James Picerno
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Friday, February 10, 2023 8:57 AM EDT
The Treasury market has adjusted its recent dovish pivot by lifting the 2-year yield, which is widely viewed as a proxy for the Fed’s near-term policy outlook.
EUR/JPY Price Analysis: Losses Could Accelerate To 138.00 Near Term
Article By:
Pablo Piovano
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Friday, February 10, 2023 8:30 AM EDT
EUR/JPY reverses the recent 2-day bounce and drops to 3-week lows in the 139.50 zone at the end of the week.
PayPal Shares Tanking Despite Earnings Beat
Article By:
James Harte
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Friday, February 10, 2023 8:15 AM EDT
Shares in iconic payment processing provider Paypal are tanking this week on the back of the company’s Q4 earnings.
In this article: PYPL
Dow Triangle Pattern
Article By:
Sid Thapar
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Friday, February 10, 2023 7:49 AM EDT
The price is running in a consolidation phase making a triangle pattern. Soon, impulse move coming.
In this article: DJI
Icahn’s Puts And The January CPI
Article By:
Greg Feirman
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Friday, February 10, 2023 7:38 AM EDT
One of the more interesting stories to surface yesterday was the rumor that Carl Icahn bought $50 million in S&P puts with a 4050 strike expiring next Friday 2/17. Supposedly Icahn is betting on a hotter-than-expected January CPI Report
History Rhymes
Video By:
SchiffGold
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Friday, February 10, 2023 7:26 AM EDT
You've probably heard the saying that history might not repeat, but it often rhymes. If that's true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern.
Stock Indices Are Once Again Under Pressure From Hawkish Statement
Article By:
JustMarkets
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Friday, February 10, 2023 6:45 AM EDT
On Thursday, Federal Reserve officials continued to impose their hawkish message on the market. The main message from policymakers is that further rate hikes are not far off and that the rate should remain high for an extended period.
It Was Supposed To Be Getting Better But They Keep Coming
Video By:
Jeffrey P. Snider
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Friday, February 10, 2023 6:30 AM EDT
Interest rate Thunderdome. What appears to be the short end versus the long end, or the longer-term rates against the Fed, the continued surge in layoffs once again shows it is actually the Fed vs. the Fed.
Two Trades To Watch: GBP/USD, USD/CAD - Friday, Feb. 10
Article By:
Fiona Cincotta
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Friday, February 10, 2023 6:15 AM EDT
GBP/USD falls as the UK contracts in December. USD/CAD looks to US consumer confidence & CAD jobs data.