Author Archives: gtiqy

A devastating attack in New Orleans A horrific act of violence has shaken the heart of New Orleans, leaving a trail of unimaginable grief and sorrow. A man deliberately drove his car into a crowd, transforming a scene of normalcy into one of chaos and terror. At least 10 lives were tragically cut short, leaving […]

US equities have had a decent bounce off the lows but are still deeply in negative territory. The S&P 500 is down 57 points to 5913 after falling as low as 5869. If the index falls 1% it would be the first time since 1952 that it’s had two 1% (or more) declines in the […]

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

The official PMIs from China’s National Bureau of Statistics (NBS) will be published today. I’ve referred to ‘green shoots’ beginning, tentatively, to show for the Chinese economy. PMIs have been key to this. In H2 of 2024 manufacturing has improved, slowly, while services have held in expansion. Manufacturing PMI: July 2024: 49.4, indicating contraction in […]

Today’s we’ll get the official, National Bureau of Statistics (NBS), PMIs for December from China. Preview here: On Thursday (January 2) we’ll get the other manufacturing PMI, from Caixin/ S&P Global: The two PMIs are quite different. If you are unfamiliar with this, the following will set you up for next year! The PMIs (Purchasing […]

Axios with the info (may be gated): Hackers connected to China’s government successfully breached several Treasury Department workstations and accessed unclassified documents, according to a letter to Congress on Monday. The hackers, which Treasury has linked to an unspecified Chinese state-sponsored hacking group, gained access to Treasury’s networks via software service provider BeyondTrust Chinese hackers […]

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate […]

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Is Tesla Stock a Buy or Sell? Analyzing the Technical and Fundamental Signals Tesla Inc. (NASDAQ: TSLA) is at a pivotal point, with its stock showing significant technical bearish signals and soaring valuation ratios. Investors are keen to understand whether Tesla represents a prudent investment opportunity. Here’s an in-depth look at both the technical patterns […]

Prices up 4.2% y/y vs +4.6% prior Prices down 0.2% m/m vs -0.4% prior non-seasonally adjusted Prices up 0.3% vs +0.2% expected, seasonally adjusted Separate housing data from the FHFA: Prices +0.4% m/m vs +0.7% prior Prices +4.5% y/y vs +4.5% prior Home builders have been one of the worst-performing sectors in Q4 as rates […]