Tesla’s CEO and, incidentally, the richest man in the world claims Tesla made an ‘idiotic’ mistake by pausing Model X output in December 2020. It is an event so rare that it deserves to be Read more…
Daily Pivots: (S1) 115.35; (P) 115.52; (R1) 115.71; More… USD/JPY’s rebound from 113.46 resumed by breaking 115.68 resistance. Intraday bias is back on the for 116.34 high. Firm break there will resume larger up trend Read more…
Dollar rebounds broadly in early US session after stronger than expected CPI data. Treasury yields also surged with 10-year yield marching higher. 2% level for 10-year yield is getting closer. Stocks on the other hand, Read more…
Over the month, US CPI rose 0.6% mom in January, above expectation of 0.4% mom. CPI core rose 0.6% mom, above expectation of 0.5% mom. Over the 12-month period, CPI accelerated from 7.0% yoy to Read more…
US initial jobless claims dropped -15k to 223k in the week ending February 5, better than expectation of 230k. Four-week moving average of initial claims dropped -2k to 253k. Continuing claims was unchanged at 1621k Read more…
ECB Chief Economist Philip Lane said in a blog post, “in terms of inflation dynamics, the relative price dislocations associated with bottlenecks are intrinsically short-term rather than permanent in nature.” Further, “initial increases in relative Read more…
Inflation pressures show no signs of abating after the fastest annual increase since 1982, adding to pressures for a big rate hike from the Federal Reserve next month. U.S. inflation accelerated to the fastest pace Read more…
ECB Vice President Luis de Guindos said in a speech, “inflation is likely to remain elevated for longer than previously expected, but to decline in the course of this year.” “That is the central case, Read more…
Beta is used to measure the sensitivity of a stock’s return to the market’s return. Canva What Is Beta? Beta is a metric used in technical analysis to measure the volatility of a security or Read more…
In the Winter 2022 interim forecasts, EU downgrades 2022 Eurozone GDP growth forecasts from 4.3% to 4.0%. Nevertheless, 2023 GDP growth forecast was upgraded from 2.4% to 2.7%. Eurozone 2022 HICP inflation forecast was raised Read more…