BofA upgrades EUR/NOK view on positioning and rate outlook

Australia’s monthly inflation accelerated to 3.0% year-over-year in August, hitting the top of the RBA‘s target band and marking the highest reading in 13 months. The result came in slightly above economists’ expectations of 2.9% and represented a notable acceleration from July’s 2.8% pace. Key Takeaways from Australia’s August CPI Report Headline inflation hit 3.0%,…

Chevron Corporation (CVX) is a global leader in the energy sector. It engages in the exploration, production, and refining of crude oil and natural gas. They operate worldwide, with significant activities in North America, South America, Europe, Africa, the Middle East, and Asia-Pacific. Chevron also manufactures and markets petrochemicals through its affiliate, Chevron Phillips Chemical…

Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows:→ Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1;→ Flash Services PMI: actual = 53.3, forecast = 52.8; previous = 52.5. As SPGlobal reports, the August PMI…

The Reserve Bank of Australia (RBA) surprised the markets with a decision to keep interest rates on hold at 3.85% instead of cutting to 3.60%. How did our watchlist setups for this top-tier catalyst fare? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a…

In yesterday morning’s analysis of Tesla (TSLA) shares, we mentioned the emerging conflict between Donald Trump and Elon Musk, highlighted by Musk’s:→ criticism of a government spending bill;→ dissatisfaction with staffing decisions at NASA;→ resignation from his position as head of the DOGE department. Over the course of the day, the rift deepened, impacting not…