The UK inflation story is looking better despite some recent upside surprises in services.

In my daily Bitcoin analysis, I have to admit that I am focusing on the $67,000 level, an area that's been important more than once.

Initial claims declined -10,000 to 235,000. The four week average increased 250 to 235,500.

The headline US durable goods new orders print for preliminary June data was a disaster; plunging 6.6% MoM (vs expectations of 0.3% MoM rise!). That dragged goods orders down.

The EUR/USD has continued its decline, reaching a support level of 1.0825, falling short of its four-month high of 1.094 reached on July 17.

USD/JPY has weakened over the last three weeks and reached support at a key price level on the charts, roughly in the 151.80s – which coincides with the October 2022 and 2023 highs.

NZD/USD tumbles to near 0.5900 due to multiple headwinds. China’s battered economy and improved RBNZ rate-cut bets have dampened the New Zealand Dollar’s appeal. The next move in the US Dollar will be guided by the US Q2 GDP data.

In this update we review the recent price action in the emini SP500 and identify a trade plan and price objectives for the trading day ahead

Gold is a hedge against inflation. Gold is sensitive to expected long-term real interest rates. Gold is regarded as protective against "bad economic times".

In a stunning reversal of opinion, ex. New York Fed Governor Bill Dudley now calls on the Fed to immediately cut rates. In a Bloomberg article titled I Changed My Mind. The Fed Needs To Cut Rates Now!

Pool Corporation reported a mixed second-quarter performance for 2024, with net sales declining by 5% to $1.8 billion, but maintaining a solid gross margin.

The 24Q2 Y/Y blended earnings growth estimate is 16.4%. If the energy sector is excluded, the growth rate for the index is 28.3%.