October 31, 2018 ·Andria Pichidi USA30, H1 and Daily A significant improvement in sentiment, yesterday, has seen the USA30 making a key breakdown of Resistance against the overall sell-off seen in October. The bulls fought hard yesterday in order to put a positive session in but could they start dreaming of a possible recovery? Despite a strong positive stock...
FB , Daily and Weekly October 30, 2018 - Andria Pichidi This will be a busy and important week in the US for data and earnings, but today’s slate is rather quiet with just CB Consumer Confidence. Earnings include Facebook, Ebay, T-mobile, Morgan Stanley, Coca-Cola, GE etc. Hence as we are in the midst of Earning Season, the focus turns today to another tech...
GER30, Daily and Weekly October 29, 2018 - Andria Pichidi Italy’s budget spat with the European Commission, and mounting concerns about the immediate fallout and the impact on capital positions of already stretched Italian banks, continue to put a strain on European markets and add to volatility. The Italian government may have inherited the remaining EUR 15 bln...
Yesterday, stock markets all around the world went into a downward spiral, notably during the American session. A variety of commentators tried to explain what happened, giving various reasons as a justification. Some say that the fundamentals were to blame, given that people were worried about corporate profits, especially in the tech sector. This appears to be a...
GOOGLE and AMAZON On Wall Street, the USA500 closed 3.1% for the worse, and the tech-laden USA100 with a 4.6% loss. Corporate earnings and guidance have been flagging the nascent signs of a deteriorating business environment and outlook risks. As investors are loosing there faith in stock market, there pressure has moved to today's earnings reports, as two of...
USA30, H4 and Daily Markets are firmly back in the grip of risk aversion, and Treasury yields corrected as the stock sell off continued during the Asian session. Therefore, US equities have rotated lower after a brief opening in the green, with the majors all now underwater. The slide is seen ahead of key earnings reports this week, which together with political...
UK100, Daily & H4 European stock markets are broadly higher. Eurozone markets, which rallied from the off led by Italy's MIB, have come off early highs, while the UK100 extended gains through the session and as of 10:34GMT was up 0.69%, while the GER30 was up 0.57% and the MIB up 0.78%. The broad move higher came after a strong session in Asia, where Chinese...
GBPJPY, H4 Brexit day starts! Can PM May finally secure a deal? Could the Irish border issue be resolved? How GBP could react in the next 24 hours? The EU summit in Brussels will be put the focus firmly on Brexit, although the president of the European Council, Tusk, said yesterday that there is “no grounds for optimism” with regard to reaching a breakthrough in...
The US fiscal deficit for the fiscal year 2018 was just reported to have increased to $779 billion, or approximately 4% of GDP for the period. As Reuters notes, the deficit has been the largest reported since 2012, during a time when elections were coming up and the economy was still at a low interest rate environment and perhaps also in need for more government...
Ahead of the data releases today, this post elaborates on why these indicators matter for the economy and what exactly they show. To begin with, Capacity Utilization refers to how much of available production ability has been used in the past month as a percentage of the total production ability. Naturally, the higher the Capacity Utilization rate used, the...
XAUUSD, H4 and Daily Gold prices peaked at $1,230.51 breaking month’s range but most precisely breaking the Thursday’s high at 1226.31, which was one of the most volatile day since April, with close price $30.00 above opening. Flows into the yellow metal kicked in from the Asian open, as falling global equity markets, the US/China trade war, and most recently,...
USA30, Daily On the third Monday of October 1987, Black Monday, as it became known in the financial markets, happened. October 19 1987 saw the largest single-day fall in global stock markets, and the Dow Jones Industrial Average (USA30) also fell a record 23% in a single trading day. In Europe the UK FTSE100 (UK100) fell on the Monday too but worse was yet to come...
NETFLIX, H4 & Daily Netflix's third Quarter earnings for 2018 will be reported after the US Market close on October 16. The consensus recommendation for the company is "strong buy", corresponding to the majority of the consensus recommendation for the Online Services peer group , as 21 out of 32 Analyst Firms recommending "buy" or "Strong buy" and 9 suggest...
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. In other words, the PPI measures the prices offered to manufacturers of goods and services, in contrast to the CPI which measures the prices consumers (end-users) pay to obtain the good or service. The prices included in the...
GBPCAD, H4 UK August trade data revealed a bigger than expected deficit, of GBP 1.3 bln in the total trade figure, with the visible goods deficit coming in at GBP 11.2 bln. In the 3 months to August, the ex-inflation total trade deficit narrowed GBP 6.1 bln to GBP 0.8 bln, which was driven by both a narrowing in the goods deficit and an expansion in the services...
GBPUSD, H4 and Daily Sterling is trading softer, losing ground against both the Dollar and Euro in the latest phase. Cable pegged a low at 1.3050, though yesterday’s low at 1.3028 has remained unchallenged so far. This comes after the release of the September BRC retail sales, which disappointed at -0.2% y/y in the same store measure, with the report highlighting...
NZDJPY, H4 and Daily USDJPY rallied to a new 9-month high at 114.55, despite the Yen managing to gain against other currencies amid a backdrop of wobbling stock markets. A favourable shift in yield differentials has lifted the pair higher. The majority of gains have been seen against antipodean currencies, with both AUDJPY and NZDJPY drifting lower for the 3rd...
Suppose that the deposit interest rate in the US stands at 1.5% and the interest rate in Europe stands at 0%. Let's also assume that the EURUSD rate is at 1.10 and that we do not expect it to move in the next year. Investors, aware of this situation would be willing to borrow from Europe deposit in the US, benefiting from the interest rate differential, and ensure...