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Wednesday, January 8, 2025

American Market Recap: US consumer credit falls $-7.49 billion versus $10.5 billion estimate

US consumer credit falls $-7.49 billion versus $10.5 billion estimate

Prior month $19.24 billion revised to $17.32 billion Consumer credit $-7.49 billion versus expected plus $12.5 billion Revolving credit $-13.726 billion versus plus $15.151 billion last month Non revo... 

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As tech giants chase AI trillions, no one is even asking about the broader macro impacts

At the moment, the market is pricing in all the upside impacts of AI and robotics and trying to suss out the winners. The next conversation will be the losers. Nvidia is the most-valuable company in t... 

FOMC Minutes: Participants saw gradual move to more-neutral stance if data as expected

AI image Participants indicated if data came in about as expected, it would be appropriate to continue to move gradually toward a more-neutral stance Participants indicated Fed was at or near point at... 

What's priced in ahead of the FOMC Minutes

The comments today from Waller indicate that he still sees inflation falling to 2%. That's not the kind of thing you hear before a central bank moves to neutral. The FOMC Minutes should offer more cla... 

Bitcoin finds buyers after a test of $92,000

The last two hours have been a ride for bitcoin traders. The cryptocurrency fell as low as $92,728 but the 92K figure has been a key area of support recently and it found strong buyers, rebounding to... 

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Latest Forex Orders

FX option expiries for 8 January 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/GBP at the 0.8300 level. That is likely to keep price action in the pair more locked in around the fi... 

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