Lindner says that the decision is not yet taken on who will succeed Weidmann but the government would announce its proposal soon. Speaking to reporters in Berlin, he says that:“Today he (Weidmann) will officially say goodbye at the G7 conference. And very soon after that, the federal government will

Brent crude oil has added more than 8.5% over the past week. We have seen an impressive increase in buying on a temporary decline below the 50-week moving average. From the tech analysis side, Crude oil has so far managed to stay within the bullish trend that has been in place since last November

The greenback continues to keep in a firmer spot so far on the day as outlined here:Dollar holds slightly firmer to start the sessionUSD/JPY still lacking poise, all eyes on the FedBut that looks to be more to do with the ebb and flow of things as other asset classes are reflecting more mixed tones.

USD/JPY is up slightly to 113.70 today but the gains aren’t suggestive of much for now.
The slight nudge higher comes as the dollar is keeping firmer across the board so far. Elsewhere, Treasury yields are slightly more subdued with 10-year yields down 1.5 bps to 1.474%.
Looking at the near-term cha

US November CPI +6.8% y/y vs +6.8% expected
US U Mich December consumer sentiment 70.4 vs 67.1 expected
Biden says he thinks inflation is at a peak
US November budget deficit $191B vs $195B expected
Baker Hughes oil rigs increase by 4 to 471 in the current week
The latest S

It’s another record for the S&P.

S&P index closes at a new record high

The S&P index is closing at a new record high. The index is surpassing the November 18 high close at 4704.55. The index closed at 4712.01. The S&P index also had its best week since February.  The index rose 3.8

South Africa is just out with its latest covid data as the world tracks the outbreak there.
The nation conducted 83,515 tests, which is the most in the recent outbreak. Despite that. cases fell to 19,018 from 22,391 the day before when there were 75,251 tests administered. Shown another wa

 bitcoin daily

Bitcoin is up $295 today and that’s technically a victory but earlier in the day it rose above $50,000 before giving nearly all of it back. It was last trading just above $48,000.The daily chart isn’t promising. I looked at recent episodes where there have been large drawdowns

AUDUSD on the daily chart

The AUDUSD will be snapping a 5-week down streak. Since peaking on October 28 at 0.7555, the price has moved down to a low last Friday at 0.6992. That move was good enough for 563 pips from high to low. 
This week, the low was on Monday just above that last w

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