Macro Markets Show Weakness, Putting Pressure on the US Economy to Slow Down🤔
More of the same in macro markets yesterday, with prices holding up despite more data points suggesting a more pronounced slowdown in the US economy in the near future. US initial claims rebounded 13k to 231k last week, the highest levels since August. Similarly, continuing claims also rose for the 8th straight week, to the highest levels since Nov 2021 as signs of a labour market cooldown continues.Other data points were similarly weak with US industrial production falling by -0.6% in October, the weakest print in almost a year, with drops in capacity utilization, manufacturing production, as well as vehicle sales. The NAHB housing index also fell -6 points to 34 in November, marking a 4th straight decline, and also the lowest print since last November.
#MacroMarkets #USEconomy #InitialClaims #IndustrialProduction #HousingMarket

GM! Traders and investors
HOW TO DEAL WITH NEWS IN THE FINANCIAL MARKET.
To be able to trade safe and be in good profit, the first thing to check is your economic calendar. You need to know what news is coming up . As a trader you need to be aware of this factor. You can always make a good technical analysis to get informed decision but without the knowledge of the news, its 70% that you can lose your trade. The news has higher impact on the financial markets. Hence , all economic news should be considered first before entering a trade.

To deal with this issue as a trader , it’s suggested either you close all your positions because nobody knows where the market is heading downwards or upwards. But you can always trade the news and all is about your smartness and your own personal research.

The initial jobless claims yesterday,made a higher impact on the financial market , a lot was asking why ,how did the market move like that. As a trader you should know how the financial market operates.

It’s not always the economic news that manipulates the market, institutions,large crypto companies and large groups of investors. Sometimes they move the market and its all because they are Buying or selling to take profit. And as a trader you should be more smart to win against them.
Am not a financial advisor , you should always do more research.

Like ,follow,share and comment “Let’s go” so i can bring you the next episode of my Fundamental support and resistance as we learn and grow together. Never think of getting rich quick but patience and trust the process.
…LJ!
$BTC $ETH $SOL
#TONonBinance #InitialClaims #BinanceTurns7

Alert 🚨;
#bitcoin☀️ is pumping hard ? After the release of US initial jobless claims hit 233.0k . First-time jobless claims have a significant impact on the financial markets since in contrast to continuous claims data, which monitors the number of people receiving unemployment benefits, first-time jobless claims measure fresh and developing unemployment.

Bitcoin is now trading at 58k ?
$BTC $ETH $SOL
#MarketDownturn #XRPVictory #InitialClaims

$BTC
For today markets will be volatile before weekend and later tonight US GDP and Initial Jobless Claims is important to watch whether will be bullish or bullish the markets.
#CryptoMarketMoves #InitialClaims #DYOR