US Open – 21 November 2023 (Video)
Watch today’s US Open for insights on the latest around the OpenAI leadership change and the impact in the tech sector, the incoming results from AI enabler Nvidia, the USD/JPY slide and more
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Watch today’s US Open for insights on the latest around the OpenAI leadership change and the impact in the tech sector, the incoming results from AI enabler Nvidia, the USD/JPY slide and more
Watch today’s US Open for insights on the UK inflation cool down, the strong labor data from Australia, Burberry’s poor results and more
Wednesday’s CPI report showed further progress on inflation, which grew by the slowest pace in two years and the data will be welcomed by the central bank, which has stayed on the sidelines for the last two meetings
Watch today’s US Open for insights on the US Inflation deceleration, which boosts Wall Street, the rebound in oil prices and more
Watch today’s US Open for insights on the encouraging results by entertainment giant Disney, Samsung’s generative AI step up, China’s deflationary pressures and more
Watch today’s US Open for insights on the RBA’s dovish hike and the impact on AUD/USD, Nasdaq’s longest profitable streak of the year, key incoming earnings and more
Australia’s central bank raised rates to a 22-year high after four straight holds and raised its inflation forecasts, but also softened its language around the possibility of further moves
The jobs data on Friday has affected the real yield and this, in turn, has filtered through to other instruments. The non-farm employment change printed at 150K, which was lower than the 178K expected. Moreover, the previous print was revised lower to 297K. Average hourly earnings m/m were also lower than anticipated at 0.2% (0.3%), whilst the unemployment rate crept up to 3.9% from 3.8%.
Watch today’s US Open for insights the two consecutive rate holds by the Bank of England and the US Fed, AMD’s return to revenue growth, key incoming events and more
Yesterday, the Federal Reserve kept interest rates on hold for a second consecutive meeting. Chair Powell recognised that inflation is slowing as opposed to emphasising how strong growth has been. Whilst keeping the door open for further hikes, there is a strong possibility that this rate hiking cycle has peaked. As such, the real yield dropped yesterday by 7.5% to close at 2.32%. It has dropped further today and is…
The US central bank refrained from raising rates for second time in a row on Wednesday, with a dovish tilt in its rhetoric, despite strong economy, tight labor market and elevated inflation
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