Month: September 2023

2023 has been the year of artificial intelligence.  Ever since OpenAI debuted ChatGPT-4, the term ‘AI’ has been used to sell everything under the sun under the ‘AI-powered’ moniker. Even products that have used AI Read more…

Ever since November 2019, Tesla CEO Elon Musk has been teasing the world with Tesla’s Cybertruck, a fiercely modern all-electric vehicle that looks like it was ripped right out of Ridley Scott’s famed sci-fi classic Read more…

Profit-taking on dollar longs at the end of Q3 lifts sterling for the second day, pushing the price to one-week high. Slightly stronger UK economic growth in the second quarter, compared to Q1 and consensus, Read more…

Markets Today’s action adds to our believe that we’ve witnessed a short term exhaustion move on markets yesterday, making way for some short term consolidation as eco data drip in. US Treasuries already staged a Read more…

Personal income grew 0.4% month-on-month (m/m) in August, in line with market expectations. This was a sizeable acceleration from the prior month’s 0.2% gain. The increase primarily reflected a rise in compensation to employees, receipts Read more…

European stock markets are performing well at the end of the week after spending much of it in the red on the back of fresh interest rate concerns. A determination to drive home the message Read more…

The Canadian economy held steady on a month-on-month (m/m) basis in July, in line with Statistics Canada’s advanced estimate and a tick below market expectations of slight 0.1% m/m growth. The flash estimate for August Read more…

Daily Pivots: (S1) 149.07; (P) 149.38; (R1) 149.62; More… Intraday bias in USD/JPY stays neutral at this point. Retreat from 149.70 could extend lower. But near term outlook will stay bullish as long as 145.88 Read more…

Daily Pivots: (S1) 0.9125; (P) 0.9171; (R1) 0.9195; More…. Intraday bias in USD/CHF remains neutral for the moment. Retreat from 0.9224 could extend lower. But risk will stay on the upside as long as 0.9019 Read more…