All about Earnings… and some US data

Posted by Ed Jul 20, 2023 Share 0

AAII survey shows majority of individuals bullishness hits highest levels since April 2021 Fe...

Nasdaq – Tesla and Netflix tumble after reporting Q2 earnings

Posted by Craig Jul 20, 2023 Share 0

Tesla beats on earnings and revenues but warns margins may be cut further Netflix massively o...

Podcast – UK inflation relief for BoE, earnings lift US stocks

Posted by Craig Jul 19, 2023 Share 0

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the market's res...

Stocks rally as earnings keep supporting soft-landing hopes

Posted by Ed Jul 19, 2023 Share 0

Apple is reportedly committing to grow its own generative AI tools So far it has been a solid...

Sterling takes a tumble as inflation falls

Posted by Kenny Jul 19, 2023 Share 0

UK inflation eases more than expected British pound tumbles close to 1% Pound slides as UK...

A bipolar world of stock market performances

Posted by Kelvin Jul 19, 2023 Share 0

US benchmark stock indices continue to maintain global leadership as its cyclical laggards are n...

GBP/USD edges lower ahead of UK inflation

Posted by Kenny Jul 18, 2023 Share 0

US retail sales dip, core retail sales rise UK inflation expected to fall The British poun...

Technicals and Triggers: EUR/USD, USD/JPY, and USD/CAD

Posted by Ed Jul 18, 2023 Share 0

EUR/USD excessively overbought? The euro-dollar ascent was mostly a one-way move for most of July...

Stocks gain ahead of big bank and tech earnings

Posted by Ed Jul 17, 2023 Share 0

Dollar wavers post Chinese data 10-year Treasury yield down 2.3 points to 3.809% JPMorgan ...

Further internal demand deterioration in China but PBoC refrains from cutting key interest rate

Posted by Kelvin Jul 17, 2023 Share 0

Further internal demand deterioration in China but PBoC refrains from cutting key interest rate ...

Dow – A stellar week in response to very promising US inflation data

Posted by Craig Jul 14, 2023 Share 0

Has the US turned a corner on inflation? Earnings may determine whether rally can be sustaine...

USD/JPY Technical: Torpedoed down but holding at 200-day moving average

Posted by Kelvin Jul 14, 2023 Share 0

USD/JPY has shed -5.4% from its 30 June 2023 high of 145.07, on sight to record its worst weekly...

Too early to celebrate disinflation

Posted by Kelvin Jul 14, 2023 Share 0

Current up moves in long-duration equities and fixed income came at the expense of a weaker US d...

Sterling climbs as UK GDP beats estimate

Posted by Kenny Jul 13, 2023 Share 0

UK GDP contracts in May but beats estimate British pound hits 15-month high against the US do...

China stock market’s momentum-driven rally; watch out for China’s Big Tech

Posted by Kelvin Jul 13, 2023 Share 0

China Big Tech is leading the current momentum-driven rally in China stock market. Supported ...

Nasdaq – As good a US inflation report as we could have realistically hoped for

Posted by Craig Jul 12, 2023 Share 0

US inflation falls faster than expected; CPI 3% (YoY), Core CPI 4.8% (YoY) July Fed hike stil...

NZD/USD – RBNZ may be done with its tightening cycle after pause

Posted by Craig Jul 12, 2023 Share 0

RBNZ leaves rates unchanged after near-two year hiking cycle Inflation is seen returning to t...

FTSE 100 – Tentatively higher with an eye on US inflation data

Posted by Craig Jul 12, 2023 Share 0

Attention remains on US inflation data today Only a much lower core CPI reading could tempt t...

Stocks gain ahead of June CPI report

Posted by Ed Jul 11, 2023 Share 0

US June CPI M/M: 0.3%e v 0.1% prior; Y/Y: 3.1%e v 4.0% prior; Core CPI (ex food and energy)M/M: ...

Technicals and Triggers – USD/JPY, GBP/USD, GBP/JPY, USD/MXN

Posted by Ed Jul 11, 2023 Share 0

FX volatility might be returning given Wall Street is seeing some exhaustion with several key curren...