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Circ has a proprietary chemical process that separates blended fabrics into their original fibers in order to recycle clothing.

The RAISE Act would require large AI companies to publish safety and risk protocols and disclose serious safety incidents. 

• MoM 0.1% versus 0.1% estimate. Prior month 0.1%
• YoY 1.4% versus 1.4% estimate. Prior month 1.6%

In a separate, housing report from the FHFA

• Monthly Home price 0.0% vs 0.4% last month
• YoY 1.7% versus 2.4% last month
• Monthly index 435.4 versus 435.6 last month

This article was written by Greg Michalowski at investinglive.com.

United States Housing Price Index (MoM): 0% (September) vs previous 0.4%

The producer price index was expected to increase 0.3% in September, according to the Dow Jones consensus estimate.

United States S&P/Case-Shiller Home Price Indices (YoY) in line with expectations (1.4%) in September

Gold (XAU/USD) holds firm on Tuesday as traders price a greater likelihood of a Federal Reserve (Fed) interest rate cut in December following dovish-leaning remarks from policymakers.

The USD fell after the data don’t at 8:30 AM ET which showed expected/slightly lower PPI and lower retail sales with the control group falling -0.1% (versus 0.3% expected). The control group does feed into US GDP data.

The EURUSD moved higher with the price peaking at 1.1561. That was just short of the 200 hour moving average at 1.1566 and 38.2% retracement of the move down from the October high to the November low near the same level (at 1.1567). The price is back down near a swing area between 1.1541 1.1546

The GBPUSD moved to new highs for the day reaching 1.3159. That took the price above a swing area between 1.31329 to 1.3143. The 200 hour MA comes in at 1.31222. The high price targets remain focused on the 38.2% of the move down from the October 17 high. That level comes in 1.31855 and will need to be broken to increase the bulish bias.

The USDJPY moved to a new low and moved closer to its 38.2% of the move up from the November low . That retracement is near the rising 200 hour MA. Both come in at 155.94 area. The low reached 156.04 within about 10 pips of that key support.

Looking at the US stocks:

• Dow is up 45 points
• S&P is unchanged.
• Nasdaq is down -36 points

The focus is this morning is also on the chips stocks and there is mixed winners and losers:

• Nvidia, -4.69%
• AMD -6.65%
• Micron, -1.85%
• Broadcom +3.53%

Google shares are up 3.86%. Microsoft shares are down -0.62%.

Looking at the US yield curve

• 2-year yield 3.485%:, -0.5 basis points
• 5 year yield 3.591%, -1.4 basis points
• 10 year yield 4.015%, -2.1 basis points
• 30 year yield 4.653%, -2.4 basis points

This article was written by Greg Michalowski at investinglive.com.

The investment world is “expecting far more economic importance out of this technology than is likely to be provided,” Burry’s associate portfolio manager said.

United States Redbook Index (YoY) dipped from previous 6.1% to 5.9% in November 21