Stéphan
- Feb 23
- 3 min read

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 )