Global Markets: Lucky 8, As We Look Into Next Week...
We take a look at the upcoming WK #8, which will have flash PMIs, inflation out of the euro-zone, the United Kingdom & Canada, as well as rate decisions our of Indonesia, Hong Kong & Turkey. Bear in mind the US will be out on the long wkd given President's day on Mon.
Macro Dragon: Musk, Elon Musk - Entrepreneur Extraordinaire + Maverick Game Changer...
Macro Dragon = Daily Cross Asset Views. Today we touch on the super smart move of Tesla to announce a +$2bn capital raise through issuing stock, post hitting all-time highs last wk, being up +92% YTD & +350% since mid 2019.
FX Breakout Monitor: EUR breaking lower nearly everywhere
The euro is suffering broad weakness and we have now seen downside breaks in the majority if the EUR pairs we track. Elsewhere, the US dollar is refusing to throw off any determined broader signal here after teasing higher recently nearly across the board while sterling is stirring in the wake of a Boris Johnson cabinet shuffle today.