Oil's price action (WTI Crude) bounced off key support today near $66.93, failing to break down toward the neckline. Buyers stepped in, keeping price range-bound. Is this the start of a short-term reversal or a bigger breakdown? Let's analyze 🛢️📊
#Oil #Trading #WTI #TechnicalAnalysis

US PPI MoM surges to 0.4%, beating the forecast of 0.2%. Inflation pressures persist, Fed may stay hawkish. Markets brace for impact. 📊💵 #Inflation #PPI #Markets #FedWatch

🚨 Inflation Update 🚨

Core Inflation YoY & MoM hit forecasts at 3.3% & 0.3%. Inflation YoY is 2.7% (prev. 2.6%). Stability is key, but markets stay cautious. Eyes on Fed's next move!

#Inflation #Economy #Markets #CPI #FedWatch

🤑 This Week in Money (Dec 1-6, 2024): Let’s dive into key #Finance & #Economics events that shaped the week. 🌍💹 Here’s what you need to know! 🧵👇

Latest Economic Indicators:

• Consumer Sentiment: 74, surpassing forecasts.
• Non-Farm Payrolls: +227,000 jobs in November.
• Unemployment Rate: 4.2%, up from 4.1%.

These figures indicate a resilient economy with strong consumer confidence and job growth. 

#EconomicData #MarketUpdate

Bitcoin hits $100K! 🚀 A milestone that once seemed like a dream is now reality. The king of crypto proves its staying power—what's next for BTC and the broader market? #Bitcoin #BTC #Blockchain #Cryptocurrency

Jerome Powell at DealBook Summit:

• Economy stronger than expected, Fed adopting cautious approach to rate cuts

• Reaffirmed importance of Fed independence, free from political pressures

• Compared Bitcoin to digital gold: speculative, not a dollar substitute.
#Economy #FederalReserve #Bitcoin

📉 Big miss on ISM Services PMI!

The index came in at 52.1, well below the expected 55.5 and down from last month’s 56. This signals slower growth in the U.S. services sector.

#Markets #Economy #Services

🌊 Altcoin surge? Let’s break it down:

BTC dominance just dropped ~6 points, meaning less of the market is focused on Bitcoin. Why? Money is rotating out of BTC as it finds key support levels.

#Crypto #BTC #Altcoins

📈 Watching today:

Powell speaks at 1:40 PM ET – last remarks before the Dec FOMC meeting.

ISM Services PMI expected at 55.5, down from 56 – key for tracking economic momentum.

Markets are jittery, eyes on clues about the Fed's next move. How are you positioning?

#Finance #Markets #Economics

Daily Market Recap:

Stocks closed mixed today as stronger-than-expected JOLTs job openings (7.744M vs. 7.48M forecast) stoked concerns about Fed rate hikes. Investors remain cautious as labor market resilience continues to surprise. #JOLTS #StockMarket #FedWatch

JOLTs Job Openings for today came in at 7.744M, surpassing the forecasted 7.48M. This higher-than-expected number suggests continued strength in the labor market, with demand for workers remaining resilient despite broader economic uncertainty.
#JOLTS #LaborMarket #EconomicData

Intel has dismissed CEO Pat Gelsinger following a 61% decline in stock value during his nearly four-year tenure. The company has also been removed from the Dow Jones Industrial Average, with Nvidia taking its place.

#Intel #PatGelsinger #TechNews #StockMarket #Nasdaq #DowJones #LeadershipChange

Economic Pulse Check:
Dec 2, 2024 🏦📊

Mixed signals today:

📉 Manufacturing still contracting but slowing (PMI: 49.7, ISM: 48.4).

🚧 Construction spending up 0.4%, stronger than expected.

📈 Markets react: Nasdaq climbs, Dow dips, S&P steady

#Economy #Markets #Manufacturing #Construction #FedWatch

Morning Financial Brief – Monday, Dec 2, 2024

Good morning! This week is packed with key economic updates that could set the tone for December. Here's what to watch:

📅 This Week’s Key Reports 👇
#Finance #MarketUpdate #Economy #JobsReport"

Morning Financial Brief – Monday, Dec 2, 2024

📊 Market Highlights:

S&P 500: Closed at a record high of 6,032.38 (+5.73% for November).

Dow Jones: Ended at 44,910.65, another record close.

Stay tuned for key economic updates and weekly outlook. 👇
#Finance #MarketUpdate #SP500 #DowJones