Prior +10.0% CPI -0.8% vs -0.3% m/m expected Prior -0.5% HICP +9.6% vs +10.7% y/y expected Prior +11.3% HICP -1.2% vs -0.5% m/m expected Prior 0.0% The steeper fall in German inflation was already predicated by the state readings earlier today, and surely owes much to lower energy prices once.
Headlines: Not quite the 2022 theme this one Bavaria December CPI +9.2% vs +10.9% y/y prior Saxony December CPI +8.7% vs +9.9% y/y prior Germany December unemployment change -13k vs 15k expected UK December final manufacturing PMI 45.3 vs 44.7 prelim Switzerland December manufacturing PMI 54.1 vs 53.3 expected SNB.
After the Fed delivered a more hawkish than expected stance, the market sold off pretty heavily. The Fed once again had to repeat to the market that they are solely focused on bringing inflation back to their 2% target and they are ready to go above market expectations and risk.
I posted earlier on TSLA: Tesla’s Q4 2022 deliveries fell short of Wall Street estimates but up from Q4 a year ago Its no secret that CEO Musk has been MIA at Tesla since he has indulged himself with populist plays on Twitter, rally letting down his shareholders. Reports today.
Bullish channel is depicted by blue lines. Bearish RSI divergence (red line) The current price of gold is about $1,823. As long as price is trading within the bullish channel, the short-term outlook is bullish. Price continues to make higher highs and lows while staying within the lower boundary of.
Support trend lines are denoted by black lines. Resistance at the green line (broken) The EURUSD pair is currently trading around 1.0680 after successfully breaking over the short-term resistance level of 1.0660 last week. Price re-tested the level at which it had previously broken out, and it has since begun.
Trading ranges denoted by red lines At the beginning of the year, the price of one bitcoin is approximately $16,700. The price remains rangebound inside the trading range it has been confined to since November. Price has not made any significant movement either up or lower in recent exchanges. Bitcoin.
Analysis of Trends (Fig. 1) From the close of the daily candle on Friday at 1.0706, EUR/USD could begin a bearish movement into the 1.0673 support level (thick white line). After a check, it’ll start climbing again, this time to the upper fractal level of 1.0773. (yellow dotted line). Fig..