Week ahead : Tuesday: Japan PPI, UK Labour Market report, US NFIB Small Business Optimism Index, US CPI. Wednesday: UK GDP, UK Industrial Production, Eurozone Industrial Production.Thursday: US PPI, US Retail Sales, US Jobless Claims, New Zealand Manufacturing PMI. Friday: US Industrial Production, US University of Michigan Consumer Sentiment Survey, PBoC MLF.
Saudi Aramco sees global oil demand up 1.5m b/d in 2024 (largely around consensus, but higher than the IEA own forecast of 1.2m b/d). Aramco CEO calls consumption growth "robust" and describes the oil market as "heathy"
EURJPY - been in a great trend up since Q2 2022 - room for a decent correction on ECB cutting earlier (April?, probably too early but June) and BoJ moving in March
RFK Jr.: How I See The State Of Our Union - 9mins video - worth listening
Nvidia is sued by authors over AI use of copyrighted works
ISM manufacturing weaker numbers mask an upbeat trend
Meta’s ‘consent or pay’ data grab in Europe faces new complaints >>> "If Meta’s latest consent coercion fails, it could — finally — be forced to reform its surveillance business model
Data centre developers are seeking connections to the gas grid which could use three times as much power as all existing facilities in Ireland, in a bid to get around the existing moratorium on electricity grid connections in Dublin!
Not a layoff! THIS tech giant is asking employees to resign voluntarily; calls it 'Resource Action'
Portugal votes as far right seeks kingmaker role
Markets : NVDA story, what happened last week/Thread, during Asian session, the 3rd largest company just went from being down 6% to up 3% and now back down 2% in 5 hours, this is not 'normal' USD on back foot still, yields down, ahead of inflation data this week, USDJPY to stay offered ahead of BoJ meeting next week. We take note of NVDA price action, 'a' confirmation that market valuations are stretched no matter how you slice it, QQQ 18K+ and SPX500 5100-3200 should be pretty touch to sustain, DAX 18K+ all big markers, USDollar all about Reals, U.S CPI key.
Jim Bianco on X: "1/9 This week's story might be Nvidia ($NVDA) and what happens after Friday's massive reversal. See the big red candle on Friday. 🧵 https://t.co/5aVqKl5agl" / X (twitter.com)
Not a layoff! THIS tech giant is asking employees to resign voluntarily; calls it 'Resource Action' (msn.com)
SuperMacro on X: "ISM manufacturing weaker numbers mask an upbeat trend Last Friday’s ISM manufacturing report was a huge disappointment, with the index sliding 1.3 points to 47.8 as four of its five component indices declined – the New Orders index fell 3.3 points to 49.2, Production fell 2 to… https://t.co/Mzo6vf6oaA" / X (twitter.com)
Philipp Heimberger on X: "A journey through the Panama canal https://t.co/6ZgfsHNRUQ" / X (twitter.com)
Very cool video
India signs a trade accord with 4 European nations for $100 billion investment over 15 years (qz.com)
Trump denies Carroll's claims after posting $91.6 million bond (cnbc.com) and 'do you have a spare 20bucks ?..https://twitter.com/RpsAgainstTrump/status/1766581774006579478
NVDA - heading back to trend ? whatever the reason, definitely a big turnaround, engulfing bearish candle etc ect etc
EURJPY - been in a great trend up since Q2 2022 - room for a decent correction on ECB cutting earlier (April?, probably too early but June) and BoJ moving in March
