“I am not confident that inflation will decline in the same way as in the second half of last year.” Inflation still “uncomfortably above” 2{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea}
Category: Resources
Stuck in a range between 1.06 and 1.10 this year – Rabobank
In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162. By contrast EUR/USD has been stuck between
Stock buyers not bothered by today’s auction
The bad 30 year bond auction did not deter the buyers in the stocks today. There is too much momentum today. The major indices are
SMCI crashes 16{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea}, but sales could double this fiscal year
SMCI experiences its worst plunge since April 19. Operating margins slim down in recent quarter, shortages hurt profits. Management is guiding for between $26B and
Atlanta Fed GDPNow Q3 tracker 2.9{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} vs 2.5{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} prior
I would warn that we’re still two months away from reasonable Q3 estimates but this number is certainly a pushback to the recession worries. From
An acute risk of a widespread deleveraging event – TDS
Gold does not hedge against deleveraging or liquidity dynamics. There’s an acute risk of a widespread deleveraging event that could counterintuitively weigh on Gold prices.
Weekly Market Outlook (05-09 August)
UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed’s SLOOS. Tuesday: Japan Average Cash Earnings, RBA Policy Decision, Swiss Unemployment
Mexican Peso extends losses against US Dollar due to risk-aversion
Mexican Peso depreciates over 1{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} after printing solid gains. Mexico’s economic data shows unchanged business confidence and contraction in manufacturing activity. Fed hints at possible