Australia’s monthly CPI rose from 2.1% yoy to 2.3% yoy in November, slightly above market expectations of 2.2%. Inflation excluding volatile items and holiday travel jumped from 2.4% yoy to 2.8% yoy. However, trimmed mean Read more…
Markets Core bond yields extended their December surge with the long end once again taking the lead. A strong first batch of US economic data did the trick. November JOLTS job openings snapped back to Read more…
The Australian dollar has depreciated against the US dollar recently, as have many other currencies. This should not have material implications for interest rate decisions. Markets are generally thin over the Christmas period, which means Read more…
Good news were bad news yesterday and they even wiped out the optimism that Nvidia initially created around AI with the announcement of new products. When Jensen Huang took stage at the opening of the Read more…
In focus today From the US, ADP’s private sector employment report for December will be released in the afternoon, and FOMC’s December minutes are due for release in the evening. The former will give early Read more…
Key Highlights Gold started a fresh upward move above the $2,625 resistance. A key bullish trend line is forming with support at $2,620 on the 4-hour chart. Oil prices could continue to rise if there Read more…
Short Term Elliott Wave view in Nasdaq (NQ) suggests rally to 22454.7 ended wave ((3)). Pullback in wave ((4)) is now in progress as a zigzag Elliott Wave structure. Down from wave ((3)), wave 1 Read more…
The chain restaurant sector has struggled to recover since the Covid-19 pandemic downturn in 2020. Restaurant operators have faced financial distress from a number of economic problems, including rising labor and product costs caused by Read more…
Elon Musk-led electric automaker Tesla (TSLA) is known for many technological oddities and curiosities. However, one aptly named feature takes the cake for a “quality of life” upgrade. In September 2024, the EV maker launched Read more…
Happy New Year! It’s been another week, and analysts are mixed on Tesla’s future following lower-than-expected sales figures. Truist’s daredevil analyst has another review of Tesla’s Full Self-Driving (FSD), and a setback affecting Rivian has Read more…