Forecasts & Analysis |

CPI rises more than expected

CPI rises more than expected

The Fed can print lots of money and spread it around, but consumers and assets need to be engaged in real organic economic function for the economy to grow. 

USD/CAD made an attempt to settle below the nearest support level at 1.3235 but this attempt was not successful.

The market is trading on the weak side of a technical level at $2.149, which is now resistance, and on the strong side of a 50% level at $2.041.

The EV manufacturer announced a 5-for-1 stock split, effective for shareholders of record at the close on August 28.

Oil gains ground as crude inventories decrease by 4.5 million barrels.

Silver tested support near $23.50 but then rebounded closer to $26.00.

If demand for 10-year notes is weak and the Treasury has to raise the interest rate to find buyers then gold could extend its losses later today.

“Ferrari is entering a higher phase of growth and a tech transition that takes investor thinking beyond the limits of luxury goods comps. and can grow the super-luxury pie much faster and more sustainable than the market expects,” said Morgan Stanley’s equity analyst Adam Jonas, who raised his base-case forecast