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. […]
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 […]
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
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 […]
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, […]
🔽 OIL.WTI is pulling back and looks to close bullish price gap Oil prices are pulling back and are one their way to close the bullish price gap that was triggered by unexpected OPEC+ decision to cut output. Taking a look at WTI (OIL.WTI) at D1 interval, we can see that the recent price advance […]
American Express (AXP.US), a US financial services company specializing in payments cards and a Dow Jones member, reported earnings for Q1 2023 ahead of the Wall Street session open today. Headline results from the company turned out to be mixed – EPS missed median estimate while revenue came in above expectations. Quick summary of American […]
US Energy Information Administration (EIA) released a weekly report on natural gas inventories today at 3:30 pm BST. Report was expected to show a 69 billion cubic feet increase in US stockpiles. However, actual report showed an even bigger build of 75 billion cubic feet. This is a second inventory build in a row and […]
The major indices in the US seem to lose momentum after still hawkish comments from central bankers of major economies and tight monetary policy, which is starting to affect macroeconomic data. Today, investors already got familiar with two economic data: During the ECB meeting most bankers agreed to hike rates by 50 bps. However, some […]
The German leading index is coming under increasing pressure. W1 chart The DAX future / DE30 is falling today, pulling back from the high for the year, which was reached yesterday at 16,056 points. The record high remains the key resistance – the gap is around 400 points. In case of further losses, the breakout level at […]
