{"id":45178,"date":"2023-05-08T17:27:00","date_gmt":"2023-05-08T16:27:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=45178"},"modified":"2023-05-08T18:30:08","modified_gmt":"2023-05-08T17:30:08","slug":"market-wrap-quiet-us-session","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/","title":{"rendered":"Market Wrap – Quiet US Session"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

A very quiet US trading session as stock<\/a> and foreign exchange moved in a minimal range as the spillover from the United Kingdom bank holiday effected volatility.<\/p>

However, we did some data releases today as US wholesale inventories remained unchanged for the second consecutive month in March 2023, according to revised data.<\/p>

The report is lower than the initial estimate of 0.1 percent growth. On a yearly basis, wholesale inventories rose by 9.1 percent in March, which prompted mixed sentiment.<\/p>

The data showed that stocks of durable goods were stagnant compared to the previous month, as the increase in inventories of automotive (1.5 percent vs 2.0 percent) and machinery were offset by declines in stocks of electrical, and professional equipment (-0.1 percent vs -0.2 percent), among others.<\/p>

Meanwhile, inventories of non-durable goods fell by 0.2 percent (vs -0.7 percent in February), mainly due to the decline in stocks of petroleum, farm products and groceries.<\/p>

We also got jobs data of sorts as the Conference Board Employment Trends Index (ETI) rose to 116.18 in April, up from a revised 115.51 in March 2023.<\/p>

The ETI, a leading composite index for employment, suggests that job gains will likely continue, though at a slower pace in the coming months. The labour market remains strong, but some softening is visible across several indicators, including job openings, quits, layoffs, and compensation growth.<\/p>

The Conference Board anticipates a short and mild recession starting in 2023, with substantial weakening in job growth or monthly job losses occurring later in the year.<\/p>

This complex situation of labour shortages and recession risk poses challenges for employers, as they navigate workforce expansion, reduction, or maintenance.<\/p>

The Conference Board Employment Trends Index (ETI) is basically a leading composite index for employment that aggregates eight key labour market indicators.<\/p>

These indicators have proven to be accurate in their respective areas and combining them into a composite index helps filter out noise to reveal underlying employment trends more clearly. When the ETI increases, it suggests that employment is likely to grow, and when it decreases, employment is likely to decline.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

A very quiet US trading session as stock and foreign exchange moved in a minimal range as the spillover from the United Kingdom bank holiday effected volatility. However, we did some data releases today as US wholesale inventories remained unchanged for the second consecutive month in March 2023, according to revised data. The report is […]<\/p>\n","protected":false},"author":4,"featured_media":15192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[781,707,456],"yoast_head":"\nMarket Wrap - Quiet US Session - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Quiet US Session Market Wrap - Quiet US Session\" \/>\n<meta property=\"og:description\" content=\"A very quiet US trading session as stock and foreign exchange moved in a minimal range as the spillover from the United Kingdom bank holiday effected volatility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-08T16:27:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-08T17:30:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/09\/GettyImages-10036363.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"312\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Quiet US Session Market Wrap - Quiet US Session\" \/>\n<meta name=\"twitter:description\" content=\"A very quiet US trading session as stock and foreign exchange moved in a minimal range as the spillover from the United Kingdom bank holiday effected volatility.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap – Quiet US Session\",\"datePublished\":\"2023-05-08T16:27:00+00:00\",\"dateModified\":\"2023-05-08T17:30:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\"},\"wordCount\":343,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"ETI\",\"US Labour Market\",\"US Stocks\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\",\"url\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\",\"name\":\"Market Wrap - Quiet US Session - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-05-08T16:27:00+00:00\",\"dateModified\":\"2023-05-08T17:30:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Wrap – Quiet US Session\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Wrap - Quiet US Session - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/","og_locale":"en_GB","og_type":"article","og_title":"Market Wrap - Quiet US Session Market Wrap - Quiet US Session","og_description":"A very quiet US trading session as stock and foreign exchange moved in a minimal range as the spillover from the United Kingdom bank holiday effected volatility.","og_url":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-05-08T16:27:00+00:00","article_modified_time":"2023-05-08T17:30:08+00:00","og_image":[{"width":509,"height":312,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/09\/GettyImages-10036363.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Market Wrap - Quiet US Session Market Wrap - Quiet US Session","twitter_description":"A very quiet US trading session as stock and foreign exchange moved in a minimal range as the spillover from the United Kingdom bank holiday effected volatility.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Market Wrap – Quiet US Session","datePublished":"2023-05-08T16:27:00+00:00","dateModified":"2023-05-08T17:30:08+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/"},"wordCount":343,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["ETI","US Labour Market","US Stocks"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/","url":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/","name":"Market Wrap - Quiet US Session - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-05-08T16:27:00+00:00","dateModified":"2023-05-08T17:30:08+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/market-wrap-quiet-us-session\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Market Wrap – Quiet US Session"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45178"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=45178"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/15192"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=45178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=45178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=45178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}