10. Bitcoin is trading within sight of 52,000.00 USD, the digital asset was trading near 38,700.00 on the 23rd of January, which is over 34% in less than a month. That's a lot of air in the balloon folks.
9. Gold: The precious metal has climbed above 2000.00 USD, this after a drop to 1985.00 USD on the 14th of February. Sentiment is uneasy.
8. Not April Fool's Day: Iran has announced 'plans' to build a naval base on Antarctica, after declaring 'property rights'.
7. WTI Crude Oil: The price of the commodity continues to battle the 77.00 USD level. Higher energy costs will not be looked on favorably by inflation hawks.
6. U.S Treasuries: Yields should be watched today after having provided anxious results this week, U.S equity indices will continue to react to the 'bonds' market.
5. Nvidia: After delivering superlative results in 2023, the company has announced the release of Chat with RTX, which allows independent AI chatbot capabilities to interface with your own documents, videos, etc., providing insights from personal queries.
4. Chinese Property: Investments dropped by over 9% in 2023. China's government faces a clash between socialistic ideology in order to help the market versus practical supply and demand realities.
3. U.K: Gross Domestic Product numbers came in with negative results yesterday for Britain, the combination of recessionary GDP and stubborn inflation is stagflation. Bank of England faces a difficult decision. Will the BoE get proactive and cut interest rates before the Federal Reserve? GBP/USD is below 1.25800 this morning.
2. Data: Stronger than expected U.S CPI statistics caused bedlam on Tuesday, but yesterday's Retail Sales came in weaker. The 'disappointing' consumer spending numbers were likely welcomed by the Federal Reserve and financial institutions. Producer Price Index statistics will be published today, surprise inflation results could jostle financial markets.
1. Forex: Day traders witnessed whipsaw results early this week and should remain cautious going into this weekend. Patience will be needed as USD centric outlooks adjust to nervous shifts in behavioral sentiment.