Tesla’s billionaire CEO is among critics of new chatbots, whose responses to controversial culture war topics are being slammed by conservatives. The new ChatGPT chatbot was strongly and positively received by consumers in the first days after Read more…
US The latest round of economic data (retail sales, CPI, PPI, jobless claims) are all signaling more Fed rate hikes are coming. Wall Street will pay close attention to the flash PMIs, which could show Read more…
Investors will receive another dose of crucial data releases next week that can fuel FX volatility. The highlight will be the minutes of the last FOMC meeting, where there’s a risk that policymakers strike a Read more…
The Eurozone economy has been showing some signs of improvement over the last three months but is not out of the woods yet. Will the flash PMIs for February point to a further rebound when Read more…
A slew of US macro data this week confirmed that the US economy stands strong, and as a response, market are pricing in high rates for longer. US curve inversion steepened, and in line with Read more…
General risk appetite took a turn for the worse yesterday after a couple of key comments from Fed members. Normally the market wouldn’t hinge on just some comments, but they came at the tail end Read more…
Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. Read more…
There are rumors from influential sources pointing at Kazuo Ueda as the next governor of the Bank of Japan (BOJ). This decision could lead to the commencement of policies in favor of raising interest rates Read more…
Risk sentiment appeared to have turned negative after this week’s strong inflation data as well as hawkish comments from central bankers, not limited to Fed. Dollar is set to end as the best performer on Read more…
Daily Pivots: (S1) 1.0645; (P) 1.0683; (R1) 1.0712; More… Intraday bias in EUR/USD remains on the downside for the moment. Current fall form 1.1032 should target 38.2% retracement of 0.9534 to 1.1032 at 1.0463. Strong Read more…