The AUDUSD and NZDUSD are moving lower as risk-off/USD buying/technicals.
The AUDUSD and NZDUSD are moving lower as risk-off/USD buying/technicals. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The AUDUSD and NZDUSD are moving lower as risk-off/USD buying/technicals. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May’s 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.
A couple things are roiling markets at the moment: 1) The release of Kimi K3, a Chinese open source model from Moonshot 2) Rumors that a hedge fund or two are in trouble The two are partly connected. There is talk about Situational Awareness but it could be someone else as Jim Cramer writes: ” this time it should…
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May’s 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.
Prior was 48.9 Conditions 54.9 vs 48.7 expected Prior was 48.4 Expectations 54.20 vs 51.7 expected Prior expectations 49.3 One-year inflation 4.2% vs 4.6% prior Five-year inflation 3.3% vs 3.3% prior This indicator has been completely taken over by politics and has little value in predicting spending. This article was written by Adam Button at investinglive.com.
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May’s 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.
Oil rode a closed strait up 11%, cool inflation lasted one day, and a Chinese AI model broke the stock rally. We grade the week’s calls.
Bank week is behind us and the calendar now opens up into the good stuff: the companies that actually touch oil wells, rail cars, copper mines, housing lots, consumer wallets and some megacap tech. If you want to know whether the economy really absorbed a $93 average WTI quarter and a Strait of Hormuz closure without breaking stride, this…
The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May’s 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.
The Swiss National Bank keeps rates at 0%, the door open to intervention and negative rates. Study the fundies to build your own bias on the franc.