Stéphan

Feb 233 min

Welcome to the moon! / EU, U.S new RU sanctions / FED in no hurry, ugly 30y tips / JPM : Mag 7 decoupling / UST 10's 4.35% again / #EURCHF, CROSSJPY's, #USDJPY ⬆️

  • Intuitive Machines’ Nova-C cargo lander, named “Odysseus” after the mythological Greek hero, is the first U.S. spacecraft to soft land on the lunar surface since 1972

  • New 'NVDA' highs across the board, JPM trading desk (not Kalonovic..) ..“NVDA, may be a catalyst not only for the Street to get materially more bullish on US Equities but also to see a further decoupling of stocks and yields since the Mag7 are proving to deliver on earnings expectations irrespective of the interest rate environment.”, and we even have CHINA who has prepared the ground for a comeback.

  • EURCHF - it's beginning to look like a break up - chart (GBPCHF 1.1250 initially and 1.15+ should get it going)

  • Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts. Fed's Waller wants more evidence inflation is cooling before cutting interest rates >>> GS push back their view on when the Fed will begin cutting interest rates to June

  • Ugly 30y TIPS auction, it tailed by 2.5bp despite paying 2.2%, the highest auction yield since 2010! investors want some inflation protection but only at a fair price

  • ECB Unlikely to Cut Interest Rates Before Fed, Holzmann Says - ECB's Schnabel: Monetary policy has had a weaker impact on dampening services demand

  • Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla’s price cuts rip through an industry that must sell more EVs or face hefty fines

  • EU agrees new sanctions and US to impose 500 new sanctions on Russia

  • Saxo . Uranium mining industry correction phase / Thread below

  • French President Emmanuel Macron has invited European leaders to Paris next week to discuss proposals to help war-ravaged Ukraine. Poland's foreign minister warns that the US must help Ukraine or face `profound consequences'

  • Markets : enjoying the NVDA effect!, yields higher overall (10's 4.35%) , pushing CROSSJPY's firmer/breaking up, USDJPY on the brink of major break up ? Very long-term charts required.. (here Japanese Yen - Quote - Chart - Historical Data - News (tradingeconomics.com)


Intuitive Machines Odysseus lands on moon in historic NASA mission (cnbc.com)

Animal Spirits: Passive is Eating the Market - The Irrelevant Investor

Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts (msn.com)

Fed's Waller wants more evidence inflation is cooling before cutting interest rates (msn.com)

TREASURIES-US yields mostly up as data keeps Fed on track to delay rate cuts (yahoo.com)

Harker said Fed rate cuts are 'near' while Jefferson predicts 'later this year' (yahoo.com)

Ole S Hansen on X: "The #uranium mining industry is going through a correction phase with #U308 back below $100/t. #Cameco holding key support around 55, but yesterday's slump below 29.75 in the Sprotts Phys Trust lifted the discount to NAV to 12.5%, highest since last July and may signal more pain… https://t.co/WYR3IAZEWX" / X (twitter.com)

Houthis to step up Red Sea strikes, use 'submarine weapons', leader says | Reuters

US to impose 500 new sanctions on Russia and its war machine (msn.com)

EU agrees on new sanctions against Russia | CTV News

Macron calls for European talks on Kyiv aid; US to impose fresh sanctions on Iran (msn.com)

Michael Pettis on X: "1/9 Good piece by Soumaya Keynes on what trade may look like under a Trump administration (and probably under another Biden administration). She mentions the 10% tariff that Robert Lighthizer has proposed, pointing out that Lighthizer "has... https://t.co/w4djzccPJF via @ft" / X (twitter.com)

Anglo American | Full Year Results 2023 – Looking to the future (youtube.com)

Delta Air Lines x Neste - Working Toward Making Flying More Sustainable (youtube.com)

Copper story heats up for Great Western Mining (thearmchairtrader.com)

Rivian and Lucid shares plunge after weak EV earnings reports (cnbc.com)

Google Pauses Gemini AI People Image Generation After 'Woke' Complaints (businessinsider.com) what a world we live in!

China urgently needs to issue ‘most effective’ cash coupons to boost insufficient consumption, economist says | South China Morning Post (scmp.com)

Slumping EV prices force carmakers to repay leasing firms (irishexaminer.com) good news for would be buyers of 2nd hand EV's though!

EURCHF

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