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Friday's headline CPI release indicates that US inflation is rising at its fastest pace since 1982. Month on month showed a rise 0f 0.8% and a 6.8% increase on an annual basis. Core CPI, which strips the series of volatile items, came in at 0.5% m/m and 4.9% y/y. The core increase is the steepest since 1991. Despite the high reading, large-cap US indexes gained on Friday and the week.…
The Index started the week on the offensive on improved sentiment around Omicron, but it has been facing difficulties since yesterday, as optimism eases and fears around China’s property market resurface
The Italian competition authority announced on Thursday that it had imposed a fine of over € 1.128 billion on the retail and tech giant, for abusing its dominant position
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
US30 FXCM's Dow Industrials proxy, the US30, is showing signs of support. The green short moving average is above the slower orange moving average (blue rectangle). The stochastic is also showing a growing momentum and has moved above 80 (aqua arrow). The longer the stochastic stays in this area the great the likelihood of a swing movement in the US30. Past Performance: Past Performance is not an indicator of future…
Particpation Rate Friday's headline NFP disappointed at 210K, missing the consensus of 553K by a large margin. However, of importance, the participation rate ticked up to 61.8%. The series represents the number of the labour force which are either employed or actively seeking employment. This is encouraging as the participation rate has been moving sideways since July 2020 and the upwards movement suggests less discouraged workers and more positivity amongst…
Stock Price Performance Amazon has been a star performer over the last five years. The holding period return is an astounding 330%, from $790 to the current price of $3,400. The yearly returns are as follows: 2017: 53% 2018: 28% 2019: 14% 2020: 72% 2021*: 5% Past Performance: Past Performance is not an indicator of future results. Return on Equity During this period, the company increased its return on equity…
The US Federal Trade Commission (FTC) sued on Thursday, to block Nvidia Corp.’s $40 billion acquisition of U.K. chip designer Arm Ltd
Daily Chart Further to our previous article, XAUUSD's daily chart has turned bearish. The mid orange moving average has crossed below the longer red moving average (aqua ellipse). This puts the moving averages into a bearish formation. The stochastic is also in the lower quintile, suggesting an underlying bearish momentum. The longer the stochastic maintains this position, the greater the probability for lower prices ahead. If the longer red moving…
According to Bloomberg, Apple Inc (AAPL) has told its suppliers that demand for its iPhone13 has slowed. The company cut production by as many as 10m units due to the global chip shortage. However, the remaining orders are now also under pressure, given this slump. The holiday season is Apple's biggest quarter. Given these developments, turnover will become a key focus for short-term prospects. We ran a Monte Carlo discounted…
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