FxAnalysis

Forecasts put global artificial intelligence (AI) related debt issuance near $570 billion this year, with roughly $236 billion of it priced by the end of May at four times the prior year’s pace.

Directional bias: while above the 200-day SMA around 0.6930, spot should maintain the neutral-to-bullish stance, although a persistent inability to advance north of 0.7000 leaves spot exposed to a correction.

SpaceX (SPCX) has been public for two months. In that time, the equity has been 67% above its $135 offering price and more than 20% below it, and it now sits near $146, having covered an enormous distance to arrive close to where it began.

Gold is reverting to the $4,400 level in Asia on Thursday after facing rejection at $4,450 or fresh ten-week highs earlier in the session.

July inflation landed exactly where the consensus had it, on all four lines of the release, and Gold responded by adding around 1% and holding fast near $4,400/ounce, trading at its highest since early June. A print that surprises nobody is not supposed to move a metal that far.

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day.