Bitcoin Analysis: By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the price has finally reached our expected level of $111,880, setting a new all-time high. Currently, Bitcoin is trading around $110,800, and if it manages to hold above this key level, we could expect further bullish movement. The next potential targets…
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Bitcoin Analysis: As you can see, the price started to correct from the range we specified and with more than 3.5% drop, it reached $42150! As you can see on the chart, the price is currently in a demand range, because of this, it has reacted positively to this level twice! We have to see if…
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What is ADP Non-Farm Employment Change and its effects on the Forex market and Gold Price ? ADP Non-Farm Employment Change is an economic indicator that shows the monthly change in the number of employed people in the private and non-farm sector of the US. This indicator is based on the payroll data of about…
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The Flash Manufacturing PMI is a preliminary estimate of the Purchasing Managers’ Index (PMI) for the U.S. manufacturing sector, based on a survey of purchasing managers from around 800 manufacturers. The Flash Manufacturing PMI can affect the forex market by influencing the demand and supply of the U.S. dollar, which is the world’s reserve currency…
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The PPI, or the Producer Price Index, is a measure of the change in the price of goods and services sold by producers. It is an important indicator of inflation, as higher PPI means higher costs for producers, which may be passed on to consumers. The PPI can affect the forex market and the gold…
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The CPI (Consumer Price Index) statistics for the United States are a measure of the average change in the prices of goods and services that consumers purchase. They are used to monitor inflation and guide monetary policy decisions by the Federal Reserve. The CPI data for October 2023 will be released by the Bureau of…
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Non-Farm Payrolls (NFP) are monthly measurements of how many workers there are in the US, excluding farm workers and a few other job types. The data is collected by the Bureau of Labor Statistics (BLS) and released on the first Friday of every month. The NFP report is a key economic indicator that affects the…
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CB Consumer Confidence is an index of the level of consumer confidence in economic activity. This index is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. This index is based on a monthly survey of about 5,000 American households and reflects their attitudes about current…
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The advance GDP is the first estimate of the gross domestic product (GDP) of the U.S. for a given quarter. It is based on incomplete or preliminary data and may be revised later. The GDP is a measure of the total value of goods and services produced in a country and reflects the economic activity…
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Unemployment Claims shows the number of people who applied for unemployment insurance for the first time during the past week. This statistic is one of the first economic data of the United States and its impact on the market varies every week! Generally, Unemployment Claims is an indicator of the labor market and economic situation…
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