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Archives by Year:
A Somnolent Consumer Price Report, With Headline Yoy Inflation Marginally Under 3%, Tests Whether 2% Inflation Is A Target Or A Ceiling For The Fed
Consumer prices in June failed to show any inflation at all for the second month in a row, as they declined -0.1% following an unchanged reading in May. On a YoY basis inflation decelerated -0.3% to 3.0% (technically 2.98% if you go out one further decimal point), the lowest YoY increase since March 2021. For the […]
Wall Street Weighs In As Pfizer Targets $100 Billion Weight Loss Market
Image Source: Pixabay Pharmaceutical giant Pfizer Inc. (NYSE: PFE) announced Thursday its decision to move forward with the development of a once-daily version of its weight loss pill, danuglipron, sparking a positive response from investors. The company’s stock rose 1.90% to $28.89 in early trading today. Pfizer’s Weight Loss Pill DevelopmentPfizer’s decision to continue developing danuglipron comes after […]
EUR/GBP Price Analysis: Continues Declining Towards Next Downside Target
EUR/GBP is steadily falling in a short-term downtrend. Given “the trend is your friend” it will probably continue until it reaches its next downside target at the level of the June 14 low at 0.8398. EUR/GBP Daily Chart The medium-term trend is also bearish after the break below the trendline in late May decisively reversed the trend […]
US Stocks Look Overbought. Will It Matter (Anytime Soon)?
The S&P 500 Index closed sharply higher on Wednesday (July 10), rising to yet another record high. Beta risk, in other words, is making more investors look like geniuses this year. The question is whether the increasingly strong ex post returns are borrowing from the ex ante data?The answer is almost certainly “yes.” As always, […]
Soft US Inflation Boosts Confidence In A Return To Target
US CPI came in below expectations, which should increase the Fed’s confidence that inflation is on the path to sustainably reaching the 2% target. September rate cut chances are rising and so too is our belief that the Fed will cut rates three times this year rather than by just the two cuts priced by […]
EUR/USD Analysis: Cautious Wait For US CPI Data
Ahead of the announcement of the important US inflation figures later today, Thursday, the EUR/USD price is stable around the 1.0840 level, amid attempts to rebound higher, but it lacks the momentum to achieve this. Political tensions in the Eurozone continue to weaken investors’ appetite for the Euro. On the stock trading platforms front, European […]
Unlocking ASX Trading Success: South32 Limited – Thursday, July 11
Image Source: Unsplash Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with South32 Limited.S32 Analysis: Elliott Wave Technical OverviewSouth32 Limited (S32) – 1D Chart Analysis Mode: Motive Structure: Impulse Position: Wave ((c)) – navy of Wave 2 – gray Key Details: Wave ((c)) – navy of wave 2 – gray is moving lower. Potential support around […]
Binance reportedly in talks to sell majority stake in South Korean exchange Gopax
Key Takeaways Binance plans to reduce its stake in Gopax from 72.6% to 10%. The stake sale is a response to governance structure demands by South Korean regulators. Binance is reportedly in final-stage talks to sell a majority stake in South Korean crypto exchange Gopax to local cloud service provider Megazone, according to a July […]
Asia Week Ahead: China’s Third Plenum, Bank Indonesia And Regional Data Releases Take The Spotlight
Image Source: Unsplash A big week ahead for Asia is set to include China’s delayed third plenum and data dump, as well as key employment, inflation, and trade data from across the region. We’ll also be keeping an eye on Indonesia’s upcoming central bank meeting. China: Third plenum and major economic data dumpIt’s a big week ahead for […]
US Dollar Eases Ahead Of CPI While Pressure On Biden Builds
Image source: Pixabay The US Dollar eases ahead of a packed data release on Thursday. President Biden faces setbacks from famous supporters calling for him to step down. The US Dollar index hovers around 105.00, though tilted to the downside. The US Dollar (USD) edges lower for a second day in a row when measured […]
