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Producer Price Inflation Slows As Services Costs Slump

Producer Price Inflation Slows As Services Costs Slump

Having been resurgent for the last few months, US Producer Price inflation was expected to slow significantly in July and it did, with Headline Final Demand PPI rose just 0.1% MoM (+0.2% exp) which pulled the YoY PPI down from +2.7% to +2.2%…Source: BloombergEnergy prices picked up MoM while Services prices tumbled by the most since March […]
Pound Sterling Price News And Forecast: Gbp/usd Needs To Clear 1.2810-1.2820 To Stretch Higher

Pound Sterling Price News And Forecast: Gbp/usd Needs To Clear 1.2810-1.2820 To Stretch Higher

GBP/USD Forecast: Pound Sterling needs to clear 1.2810-1.2820 to stretch higherGBP/USD gained traction in the early European session on Tuesday and climbed above 1.2800 for the first time in a week. The pair could stretch higher if it manages to clear the resistance area located at 1.2810-1.2820.The UK’s Office for national Statistics reported on Tuesday […]
3 Communication Services Funds To Buy As Rate Cuts Draw Near

3 Communication Services Funds To Buy As Rate Cuts Draw Near

Communication Services closed 2023 as one of the best-performing S&P 500 sectors and has continued to grow in 2024. As of Aug 12, the sector grew 26.5% over the past 12 months, clearly ahead of the broader technology sector. Year to date, it has grown 17.1%.Communication Services was created in 2018 by combining FANG stocks […]
Poland’s Current Account In Surplus In June But Exports Disappoint

Poland’s Current Account In Surplus In June But Exports Disappoint

Image source: Pixabay  Poland’s external current account posted another monthly surplus in June, though the ratio to GDP narrowed to 1.4% from 1.8% a month before. Merchandise exports suffered from stagnation in Germany and signal that net exports will detract from GDP in the second quarter.  The breakdownThe current account balance recorded a surplus of €588mn in June, above […]
Motor Vehicle Sales And Recession: Current Status

Motor Vehicle Sales And Recession: Current Status

In the paradigm popularized by Prof. Edward Leamer 20 years ago, motor vehicle sales are the 2nd domino to fall, after housing, in the procession of sectors that turn down prior to recessions.I haven’t updated this in awhile, so let’s take a look.As an initial matter, the cycle in this sector was particularly hard hit […]
Kamala Harris leads Trump for fourth consecutive day on Polymarket

Kamala Harris leads Trump for fourth consecutive day on Polymarket

Key Takeaways Harris maintains 52% odds on Polymarket compared to Trump’s 46% for fourth consecutive day. Betting on Harris reaches $63 million, while Trump’s exceeds $73 million on the crypto-native platform. Kamala Harris’ odds of winning the US presidential election on Polymarket surpassed Donald Trump’s on Aug. 9 and have been maintained. At the time […]
Home Depot Beats Earnings Expectations But Warns Of Weaker Sales Ahead Amid Cautious Consumer Spending

Home Depot Beats Earnings Expectations But Warns Of Weaker Sales Ahead Amid Cautious Consumer Spending

Home Depot, the largest home improvement retailer in the US, reported better-than-expected earnings for the second quarter of 2023, showcasing resilience in a challenging economic environment. However, despite the earnings beat, the company issued a cautionary outlook for the rest of the fiscal year, attributing the anticipated slowdown in sales to rising interest rates and a […]
Elliott Wave Technical Analysis: The Coca-Cola Company – Tuesday, Aug. 13

Elliott Wave Technical Analysis: The Coca-Cola Company – Tuesday, Aug. 13

KO Elliott Wave Analysis Trading Lounge Daily Chart,The Coca-Cola Company,  (KO) Daily Chart KO Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave (iv).   DIRECTION: Bottom in wave (iv).  DETAILS: We are looking at a potential wave (iv) bottom, as it currently stands at 0.618 (iv) vs. (ii), and it seems to have found support on top of 68$ repetitively.KO Elliott Wave Analysis Trading Lounge 1H Chart,The Coca-Cola Company, (KO) 1H Chart KO Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Flat POSITION: Wave c […]
Kelp DAO unveils ‘Gain Vault’ to maximize L2 airdrop rewards

Kelp DAO unveils ‘Gain Vault’ to maximize L2 airdrop rewards

Key Takeaways Kelp DAO introduces ‘Gain Vault’ to simplify L2 airdrop access and reward management. The ‘Gain Vault’ employs synthetic tokens to streamline participation in multiple DeFi strategies. Liquid restaking platform Kelp DAO announced today the launch of ‘Kelp Gain Vaults,’ a new program designed to increase the chances of receiving airdrops and rewards. The […]
China’s Credit Activity Remained Weak In July

China’s Credit Activity Remained Weak In July

Image Source: Pexels  New aggregate financing and loans both missed forecasts again in July amid high real interest rates and limited borrowing appetite.  Weak credit activity continued into JulyNew aggregate financing slowed to RMB 770.8bn in July. This brings the year-to-date new increase of aggregate financing to RMB 18.87tn, which represents a 14.6% year-on-year decline.Subcategories of aggregate financing […]