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,...
US data focus for Monday – Q1 advance GDP – the range of expectations to watch (and why)
On Thursday at 1230 GMT, which is 0830 US Eastern time, we get the advance reading for economic growth in US for the nau to March quarter:The Federal Reserve will be paying attention to assess the strength of the US economy. Stronger than expected will boost the case...
Czech central bank vice-governor sees a rate cut, perhaps as much as 50bp, at next meeting
Czech National Bank Vice-Governor Eva Zamrazilova says the Bank could cut interest rates by 25 or 50 basis points at its May 2 meeting.increases in services prices were an inflation risk "That is also a reason why I am cautious when it comes to cutting interest...
Goldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone else
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,...
S&P 500 rate of earnings surprises the highest since Q3 2021
A snippet from UBS analysts on US stocks, looking for the strongest quarterly earnings growth in over two year. UBS acknowledge that earnings season is still ongoing, but so far earnings are beating estimates by over 8% (8.3%) in aggregate. Q3 2021 was 9.7%, this...
BOA predicts USD/JPY surge to 160 as BoJ stands helpless
Bank of America is warning that USD/JPY could move to 160 quickly, saying there is little prospect for the Bank of Japan to halt the rise with its communications. The note from BoA was written before the latest upthrust in USD/JPY, through 155.00 during US trade on...
A summary of the major earnings after the close. Chipotle, Ford higher. Meta gets hammered
ServiceNow Inc: Shares down -4.85%Adj. EPS: $3.41, beating expectations of $3.14Revenue: $2.60 billion, beating expectations of $2.59 billionChipotle Mexican Grill Inc: Shares are higher by +3.36%Adj. EPS: $13.37, beating expectations of $11.68Revenue: $2.70 billion,...
Latest China crackdown ICYMI – brokers told to limit exposure to “snowball” derivatives
China is taking steps to regulate the derivatives market, targeting "snowball" derivatives.Authorities have instructed some of the largest brokerages to halt any increase in their net exposure to over-the-counter derivatives involving domestic A shares, including...
ServiceNow EPS $3.41 vs. $3.14 est. Revenues $2.60 billion vs.$2.59 billion est
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,...
IBM EPS $1.68 vs $1.59. Revenues $14.46 billion vs $14.52B est.
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,...
Chipotle EPS $13.37 vs $11.66 est. Revenues $2.70 billion vs $2.67B est.
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,...
Forexlive Americas FX news wrap: USD/JPY cracks 155
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,...
Meta Platforms EPS $4.71 vs $4.32 est. Revenues $36.46B vs $36.1B est.
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,...
S&P and NASDAQ close higher for the third consecutive day
The broader S&P and NASDAQ index closed higher for the third consecutive day. The gains were modest ahead of key earnings starting with Meta Platforms after the close. Chipotle, ServiceNow, IBM, Lam research are all scheduled to release after the close today.For...
Economic calendar in Asia Thursday, 25 April 2024 – a light one
The calendar is light.A couple of things to note for the session ahead are:1. USD/JPY has popped above its latest 'line in the sand' (the sand blew away again) @155.00. Expect verbal intervention from Japanese officials again today. This will present dip buying...
Trade ideas thread – Thursday, 25 April, insightful charts, technical analysis, ideas
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,...
Meta Platforms, ServiceNow and Chipotle report after the close. What to expect?
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...