Gold’s rally accelerates higher today, as reaction to Dollar’s post-CPI sell-off. Break of 179.28 resistance confirmed completion of a double bottom pattern (1614.60; 1616.51), which raises the chance of trend reversal. Further rise is now Read more…
The billionaire and new boss of Twitter has just ended remote work at the social network. It’s been barely two weeks since Elon Musk took over Twitter (TWTR) – Get Free Report. But already, the Read more…
Dallas Fed President Lorie Logan said “This morning’s CPI data were a welcome relief, but there is still a long way to go.” “I believe it may soon be appropriate to slow the pace of Read more…
Philadelphia Fed President Patrick Harker said, “In the upcoming months, in light of the cumulative tightening we have achieved, I expect we will slow the pace of our rate hikes as we approach a sufficiently Read more…
ECB Executive Board member Isabel Schnabel said in a speech, “there is no time for monetary policy to pause… We will need to raise rates further, probably into restrictive territory.” “Only a deep recession with Read more…
Markets At last! At last a below-consensus US inflation number. At last a below-consensus US inflation number at the right time, coming on the heels of last week’s Fed meeting. Recall how markets initially interpreted Read more…
BTCUSD (Bitcoin) has fallen sharply in the last couple of sessions on news that one of the largest crypto exchanges, FTX, is on the brink of default. The king of cryptocurrencies recorded a fresh two-year low of 15,620 before Read more…
Two days after the close of the polls in the US, and officially which party has won control of the Congress is still not known. However, given the trends and projections, the results are pretty Read more…
US futures Dow futures +2.35% at 33270 S&P futures +3.6% at 3868 Nasdaq futures +4.2% at 11252 In Europe FTSE +0.9% at 7285 Dax +2.41% at 14000 Inflation & core inflation fall US stocks are Read more…
Consumer price inflation increased by 0.4% month-on-month (m/m) in October, matching the gain in September. On a year-over-year (y/y) basis, headline inflation edged lower by 0.5 percentage points (pp) from September, slowing to 7.7%. Energy Read more…