China’s exports remained a major source of economic strength in July, supported by booming global demand for high-tech products even as growth moderated from June’s rapid pace. Exports rose 23.9% yoy in US dollar terms, slowing from 27.0% but beating expectations of 22.2%. Imports also remained strong, though growth eased from 36.0% to 27.5%, broadly […]
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Silver (XAG) continues to follow our Elliott Wave outlook after completing the wave ((iv)) pullback at 60.8514. Buyers have driven the metal higher into the final five-wave advance in wave ((v)). The corrective rally is Read more…
In focus today The most important data release will be the US July Jobs Report. We forecast nonfarm payrolls at +70k, the unemployment rate unchanged at 4.2%, and average hourly earnings at +0.3% m/m s.a. Read more…
Microsoft spends billions building its own AI models every year. Internally, though, the company just told its own developers to reach for someone else’s technology first. The instruction came from deep inside Microsoft’s engineering organization, Read more…