Hiring freeze looms as rising costs and weak demand stall UK job market
Hiring Slowdown in the UK: Employers in the UK are slowing down hiring due to rising labor costs and uncertainty regarding tax increases, with recruitment activity at its lowest in two years, particularly affecting low-wage sectors like hospitality and retail.
Mixed Signals in Employment Data: While surveys indicate a cooling job market, official data presents a mixed picture, showing slight declines in payroll figures but increases in employment and unemployment rates, leading to questions about the accuracy of the statistics.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00163 | 0.0154 | 0.0259 | 0.0397 | 0.0502 | 0.064 | 0.0745 |
| Fibonacci | 0.0154 | 0.0247 | 0.0304 | 0.0397 | 0.049 | 0.0547 | 0.064 |
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