Meta Platforms expectations:EPS: Expected to be $4.32. A year ago, EPS was at $2.20. That is a gain of 96%Revenue: Projected at $36.1 billion. A year ago revenues were at $28.64 billion. That represents a gain of 26.0%Daily Active Users (DAUs): Expected to be 2.12...
Bitcoin falls 3% as the halvening gain disappears
Bitcoin is now down 3.3% on the day, or $2200, to $64,150. Virtually all of the selling has been since the start of the US session and points to some broader angst in risk assets.It climbed earlier in the week after the halvening but stalled out yesterday and is now...
GBPUSD ping pongs between technical levels
In the morning kickstart video, I spoke to the support near the 200 hour MA and the swing area, and if that level held, the need to get and stay above the 38.2% of the April trading range. Well those levels have defined the range in the US session (give or take a...
No help from the inventory data as WTI crude settles down 55 cents
WTI crude oil traded in a $1.25 range today and initially traded higher briefly on weekly US inventory data before fading afterwards. I think that you need to go back to yesterday to get some of the context of the rally. There was a big intraday rally in oil that...
Steady buying pulls US equities back higher
SPX 5 minsThe intraday swings in equities in the past two weeks have been tough to manage and that's been the case again today. Stocks opened higher then were beaten down, in part due to rising Treasury yields.However the tide has turned since the 5-year sale of...
USD/JPY pushes the range to 155.35
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BOC Minutes: Agreed taht any monetary policy easing would probably be gradual
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Spanish Prime Minister Pedro Sanchez says he’s suspending public duties
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US sells $70 billion of five-year notes at a high yield of 4.659%
High yield 4.659%WI level at the time of the auction: 4.655%Tail 0.4 basis points versus six-month average of 0.5 basis pointsBid to cover 2.39 Xversus six-month average of 2.41XDirects 19.25% versus six-month average of 17.9%Indirects 65.74% versus six-month average...
David EInhorn (Greenlight Capital) says investors don’t care about value investing
David Einhorn, billionaire president of Greenlight Capital in his letter to investors said:Investors don't understand or don't care about valuations. Says the value investing industry is deadThat does not stop him from his value investing. Some of the stocks he has...
U.S. Treasury to auction off $70 billion of five-year notes at 1 PM
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
European equity close: The three-day winning streak ends
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Will the US election be about weakening the dollar?
The FX market may have a reason to pay even more attention to the US election this November.Late yesterday, there was a Politico report saying Trump’s former trade adviser Robert Lighthizer and several policy allies would seek to make American trade more competitive...
S&P index gives up gains. Down on the day.
S&P index turns negativeThe S&P index has given up its gains and traded in negative territory. At session highs the price change was up 18.92 points. The low price just reached -14.78 points on a day. At session lows, the price tested a swing level going back...
Higher Australian CPI sent the AUDUSD higher, but the 200-day MA stalled the rally.
The AUDUSD pushed to the upside today after higher than expected CPI data, put the kabosh on a rate cut soon. However, after running toward the 200-day MA and 200 bar MA on the 4-hour chart near 0.6330, the buyers turned to sellers and has corrected the gains. The...
Gold finds a foot and rises to a two-day high
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USDJPY climbs above 155.00 again as buyers remain in control
USDJPY buyers try another move above 155.00The USDJPY is taking another run above the 155.00 level. The first break reached up to 155.164, but then rotated quiicly to 154.76 minutes later. The price has chopped back higher and is now above the 155.00 level again as...
EIA weekly US oil inventories -6368K vs +825K expected
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USDCHF buyers try to keep the short term bias in their favor.
The USDCHF pushed higher earlier in the day, and extended above the prior high from April 15 at 0.91514, but only to a NEW high of 0.91525 before rotating back to the downside.The fall took the priCe back toward its rising 200 hour moving average at 0.9116 and its 100...
European bonds are taking a beating
The picture is darkening in the fixed income world, led by a sharp rise in Italian and German sovereign debt.BTPs dailyItalian 10-year BTPs are up 14.1 basis points today, breaking the April highs. They're now within striking distance of the 4% level that capped the...