Traders will get a first glimpse of how US economy performed in January-March period next week as the US GDP report for Q1 2023 is set to be released on Thursday. EUR traders will focus on flash CPI data for April while central banking enthusiasts will tune in for CBRT and BoJ rate decision. Last […]
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22
Apr
Apr
Bitcoin Struggling at $28k
Cryptocurrencies are losing ground against higher chances of a Fed rate hike, a stronger dollar, and regulatory risk. Bitcoin has lost for the third day in a row. According to Coinglas data, leveraged positions worth nearly $160 million were liquidated in the past day, of which 80% were bullish bets. The value of liquidated positions […]
22
Apr
Apr
Protecter & Gamble (PG.US) shares up more than 4%
Procter & Gamble, the world’s largest producer of household goods, has increased prices for its consumer products faster than its own expenses, resulting in a boost in profit margins for the first time in two years. Also due to higher prices and a slightly higher demand for some products, the company raised its sales projection […]
21
Apr
Apr
NATGAS prices continue the slight rally after contracts rollover.
After the rollover of futures contracts on US HenryHub (NATGAS) , bulls are trying to maintain momentum and push prices above 2,4 USD despite yesterday’s weak for buyers EIA report, which showed higher than expected inventories growth: NATGAS prices continue the slight rally after contracts rollover. Looking at the chart in a wider interval, the price is […]
21
Apr
Apr
US 500 Retraces After PMI Data
US futures fluctuates amid mixed corporate earning results and as investors are evaluating latest economic data. Today, PMIs in the US came higher than expected with the manufacturing index at 50.4 and services at 53.7. Values above 50 points suggest that the US economy is still strong and in the expansion cycle, which increases chances […]
21
Apr
Apr
Stock of the week
Netflix (NFLX.US), US video streaming company, reported Q1 2023 earnings earlier this week and they turned out to be a disappointment. While headline results were mostly in-line with expectations, slowing subscriber growth raised concerns and triggered a drop in company’s shares. However, was the report really that bad? Let’s take a look at the details. […]
21
Apr
Apr
Flash PMI’s in The Spotlight Today
European stock market indices launched today’s cash trading session slightly lower. This comes after a downbeat trading on Wall Street yesterday and a bearish Asian session earlier today. USD caught a bid in the morning – EURUSD dropped back below 1.0950 mark while GBPUSD is testing 1.2400 area. USD strengthening is putting pressure on commodity […]
21
Apr
Apr
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The Morning Market Wrap
Nikkei (JAP225) broke above the upper limit of a medium-term trading range in the 28,250 pts area. However, advance was halted and the index struggles to break above the 28,750 level, marked by a peak of previous false breakout. Source: xStation5
20
Apr
Apr
Lets Talk Pladium
PALLADIUM is the worst performing precious metal today, dropping around 2.5% at press time and moving further away from a recent 2-month high. Palladium is a clear outlier among precious metals today as USD weakening allows gold to rise 0.6% and platinum to add 0.2%. Silver is trading flat. While gold and silver, and to […]
20
Apr
Apr
Tesla Drops 10%
Share price of Tesla (TSLA.US) is under pressure today following release of a lackluster earnings report for Q1 2023. Company reported an over-20% drop in profit compared to a year ago quarter as underutilization of new factories and higher costs put pressure on margins. Stock launched today’s cash trading almost 7% below yesterday’s cash close. However, […]