GBPJPY buyers have re-emerged around the 50-period simple moving average (SMA), shortly after the withdrawal of the pair from the 157.00 price vicinity. The gradual positive incline in the SMAs is underpinning upside moves in Read more…
Total US retail sales rose by 3.8% in January and by 3.3% ex auto and fuel vs expected 2.1% and 1.0%, respectively. Both figures confirm a favourable environment in the world’s largest economy for a Read more…
EV leader Tesla tempers its enthusiasm for the product it presents as its potential biggest source of future profit. Elon Musk made a particular product the star of Tesla’s (TSLA) – Get Tesla Inc Report Read more…
Bond markets are worried about recession, oil is creeping towards $100 a barrel .. but consumers keep spending, and that’s what will keep the U.S. from slipping into recession. The strongest reading for retail sales Read more…
US commercial crude oil inventories rose 1.1m barrels in the week ending February 11. At 411.5m barrels, oil inventories are about -10% below the five year average for this time of the year. Gasoline inventories Read more…
Ark Innovation ETF has slumped 51% since Feb. 16, 2021, and more losses may be forthcoming, a media report suggests. It’s now been exactly one year since the flagship fund at Cathie Wood’s Ark Investment Read more…
The Japanese yen continues to have a quiet week and is trading at 115.46 in the North American session, down 0.12% on the day. What next for Ukraine? The US dollar enjoyed a boost earlier Read more…
Retail sales jumped up 3.8% month-on-month (m/m), well above the consensus estimate for an increase of 2.0%. December’s reading had a marginal downward revision to -2.0% m/m from -1.9% m/m reported earlier. Autos & parts Read more…
Consumer price inflation accelerated to 5.1% year-on-year (y/y) in January, from 4.8% in December and well ahead of market expectations for an unchanged print. Energy price growth accelerated to 23.1% (from 21.2% in December), even Read more…
The euro is flat on Wednesday, as investors keep a close eye on developments on the Ukraine/Russia border. The euro has been acting as a barometer of the crisis, and the currency’s lack of movement Read more…