✺ End of Bulls rally after the most successful trading day since April.
✺ The possibility of the Goldilocks scenario - is it on the horizon?
✓ PPI data has been reported today.
Key fact: "Firms no longer optimistic"
BLACKBULL:SPX500
After the longest period of growth in 2024, the market closed at -0.41 rate, putting the end to the robust bulls rally since the...
EURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements...
- Emerging Markets are in a paranoid state due to Major US Financial Markets nearing
scheduled date of CPI numbers releasing day.
Consensus forecasts are anticipating Inflation to steadily
go up for the rest of 2023 and entering '24
10'th of August/23 will be a very important day for The Global Financial Markets.
Casualties might follow soon due to the...
A historical overview of inflation adjusted prices: XAUUSD, NDX, XU100USD
We are all blinded by "the price", and usually oblivious to the real price and real earnings.
As inflation silently erodes the market, it may be a cold shower to take a look in the long run.
The elephant in the room: the gap between the nominal and CPI adjusted price.
The USD/JPY pair recorded an increase near the 150.20 area, recovering some of the previous losses caused by weaker-than-expected US inflation data. However, the US dollar is near its lowest level since September, reflecting expectations that the Federal Reserve has concluded its tightening policy. The BoJ may delay a shift from accommodative monetary policies...
US CPI
US Headline and Core CPI for October both came in lower than expected (decrease).
US Headline CPI:
YoY – Actual 3.24% / Exp. 3.3% / Prev. 3.7% (Green on cha
rt)
US Core CPI:
YoY – Actual 4.02% / Exp. 4.2% / Prev. 4.13% (Blue on chart)
The chart below illustrates the direction of the current YoY down trend for both Headline and Core CPI however...
JAPAN CPI
Japan Headline and Core CPI for Sept both came in lower than expected.
Japan Headline CPI:
YoY – Actual 3.0% / Exp. 3.2% / Prev. 3.2% (green on chart)
Japan Core CPI:
YoY – Actual 4.2% / Exp. 4.3% / Prev. 4.3% (blue on chart)
The chart below illustrates that Core CPI appears to be plateauing with Headline CPI decreasing from 4.3%...
Tesla stock TSLA regained its strength after testing the downward channel's lower boundary (the low of $194.07 in Oct. 31).
TSLA may rise further to $235.50 - $246.00 resistance levels.
A powerful one-two combination of data pointing to softening inflation is continuing to support investor sentiment and a strong equity rally with Producer Price data this morning showing weaker-than-expected price increases among wholesalers. The data follows yesterday’s release of the Consumer Price Index, which showed no m/m change. Stocks are also gaining...
by the Politicians, Talking heads and Bankers.
Governments can only Tax, Borrow & Spend
Central Banks can only Print & Lend.
If this index were to rise by the average of 43%
You are looking at the CPI Index hitting 372 by Jan 2030
There is every likelihood this decade, will be a higher than average inflation rise.
You must save in scarce Assets #Gold &...
GOLD recently break the swing high which is (1965.8) because of CPI and now gold is gain bullish previous resistance (1965-1960) is now working as current support and if this support fails we can plan a short trade accordingly and next buy area will be (1948-1942).
On Tuesday, the GBP/USD experienced a significant surge following the release of a US inflation report, which increased the likelihood that the Federal Reserve has concluded its interest rate hikes. The US Bureau of Labor Statistics reported a more pronounced decrease in October's inflation than expected, with the Consumer Price Index (CPI) dropping to 3.2%...
CBOT: Three-MO SOFR Futures ( CME:SR31! )
Breaking News: The US Treasury bonds are risk-free No Longer !
Last Friday, top credit ratings agency Moody's lowered its credit outlook on the U.S. to "negative" from "stable", citing large fiscal deficits and a decline in debt affordability. It has so far maintained the AAA credit rating for U.S. sovereign...
- Awaiting CPI# numbers readings for ECONOMICS:USIRYY on August 10th (today) post US being Down-Graded to AA +.
While on the 9th of August ECONOMICS:CNIRYY came deflationary on the other side of the world
Consensus sits at 3.1% (0.1% increase) and some to 0.3% increase at 3.3% for ECONOMICS:USIRYY
Economists forecast Inflation rising up again on a steady...
Preferred direction: SELL
Comment: Silver recently perfectly fulfilled our pre-short approach to the support area. And now a fall to the same support is also expected as part of the retest. During this time, it will be decided where the instrument will go, as it is currently assumed that buyers will be able to seize the initiative and begin restoration.
...
The USD/CAD rate is hovering around 1.3820 during the early European session on Tuesday, with buying interest, followed by the immediate resistance region around 1.3850, in line with the previous week's high at the 1.3854 level. The Moving Average Convergence Divergence line is situated above the centerline but shows convergence below the signal line, suggesting a...
