Source: US Labor Department Unemployment claims in the United States posted a slight increase, reflecting the second straight week of increases. DXY is up 0.64%, while Gold is down 0.69%. Adjusted initial claims for the week ending May 7 stood at 203,000, reflecting a 1,000 increase from the previous week’s upward revised 202,000.The four-week moving average was recorded … [Read more...] about US Unemployment Claims Climb for Second Straight Week
US Producer Inflation Cools to 11.0%
Source: Bureau of Labor Statistics Producer inflation retreated in April, as lower prices were recorded in most of the sectors during the month. QQQ is down 1.32%, while SPY is down 0.84%. Producer inflation clocked in at 11.0%, lower than the 11.5% in March but higher than the 6.5% in April 2021.Total final demand increased by 0.5% versus the past month, slower than 1.6% … [Read more...] about US Producer Inflation Cools to 11.0%
Why Solana (SOLUSD) Tanked 30%
The cryptocurrency market crash accelerates.Solana is down 30%.Network outages hurt Solana sentiments. The broader cryptocurrency market has turned bearish. The crypto crash that started last week has gathered steam, with Bitcoin sliding below the $30,000 level and Ethereum plunging below the pivotal $2,000 level. In contrast, Solana remains the biggest casualty and seems to … [Read more...] about Why Solana (SOLUSD) Tanked 30%
UK GDP Falls 0.1% in March
Source: Office for National Statistics Economic growth in the United Kingdom contracted in March, dragged mainly by the services sector. EWU is down 0.72%, while VGK is down 2.23% premarket. The gross domestic product (GDP) slipped by 0.1% in March, following the flat performance recorded in February.Services contributed the most to the decline, reflecting a 0.2% drop … [Read more...] about UK GDP Falls 0.1% in March
SuperAlgos Review: An Unbiased Crypto Bot Analysis
SuperAlgos is a system that works on a crypto market. The presentation includes details about the robot and its key features. There’s a trading intelligence network behind the system. We’ve decided to take a closer look at it, to understand if it’s a profitable solution. First SuperAlgos quick summary UpsidesDownsidesDownload-free trading solutionNo team revealedWe … [Read more...] about SuperAlgos Review: An Unbiased Crypto Bot Analysis
