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Fundamental Overview Gold came under pressure last Friday following the weak US Retail Sales data. That reaction seemed wrong-footed given that it should actually support gold due to falling real yields. Moreover, Retail Sales are volatile so one negative month doesn’t change anything. Sure enough, the market eventually…

As a reminder, Ukraine will not be involved with the talks today and that might be a bit of a concern. If anything, it shows that Russia has the most flexibility in trying to appeal to the US while Ukraine will have to play catch up after. Also…

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Prior +1.8% CPI +1.7% vs +1.7% y/y prelim Prior +1.3% There was a slight increase in core annual inflation, up to 1.4% in January from 1.3% in December. That owes to a slight increase in services prices, which were up to 2.5% as compared to 2.2% in the…

The main event in the European session was the release of the UK Employment report. The data beat expectations across the board which will keep the BoE in an uncomfortable position. Looking ahead, we have the German ZEW, the Canadian CPI report and the US-Russia talks in Saudi…

U.S.-based art collective Kanbas made the largest non-fungible token (NFT) purchase in three years last week, scooping up a 1-of-1 artwork by Sam Spratt for $3 million. The artwork is called “X.Masquerade” and is the sixth chapter in the “Story of Luci.” It ties into into an upcoming…

The volatility last summer was mainly caused by concern over weak US jobs data, US economic slowdown Well, it’s not like their communique has gotten any better in December and January. And trying to shift the blame is a bit meh. But I guess markets are definitely much…

That’s setting up for a decently better mood ahead of the European open, though regional futures are lightly changed for now. European indices did continue with gains yesterday though, with the DAX finishing over 1% higher to fresh record highs again. The latest BofA fund manager survey shows…

YouTube has announced the integration of Google DeepMind’s latest video generation model, Veo 2, into its Shorts platform, enhancing AI-powered creative tools for users. The update expands Dream Screen, YouTube’s AI-driven background generator, and introduces the ability to create standalone AI-generated video clips that can be added to…

Prior 4.4% Employment change 107k vs 48k expected Prior 35k Average weekly earnings +6.0% vs +5.9% 3m/y expected Prior +5.6% Average weekly earnings ex bonus +5.9% vs +5.9% 3m/y expected Prior +5.6% January payrolls change 21k Prior -47k; revised to -14k This article was written by Justin Low…