#MarketNews
🇺🇲 The US released a worse-than-expected GDP (-1.4% actual vs. 1.1% forecasted). EURUSD gained 940 points since the release. Will the pair make it to 1.07? What do you think?
🇯🇵 The Bank of Japan may have limited tools to deal with the weak yen. USDJPY went above 130.00 on Thursday after the BOJ reiterated its ultra-easy monetary policy. Now, 130.00 is a support level.
📊 Paypal (PYPL) reported $0.88 EPS on revenue of $6.5 billion. The consensus EPS estimate was $0.89 on revenue of $6.4 billion. However, the stock rose because the lousy report was priced in already.
🎯 The report of Robinhood (#HOOD) showed that the company is losing both money and customers. The stock might be a good idea for sellers when stock trading opens at 16:30 GMT+3.
😱 Elon Musk sells $4 billion in Tesla shares, presumably for the Twitter deal. Tesla is down by 27% from the last high of $1150.
🛢 Oil is poised for a fifth monthly gain after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and the resurgence of Covid-19 in China. XBR/USD returned to 109 a barrel.
What are your trades today? Share in the comments!
🇺🇲 The US released a worse-than-expected GDP (-1.4% actual vs. 1.1% forecasted). EURUSD gained 940 points since the release. Will the pair make it to 1.07? What do you think?
🇯🇵 The Bank of Japan may have limited tools to deal with the weak yen. USDJPY went above 130.00 on Thursday after the BOJ reiterated its ultra-easy monetary policy. Now, 130.00 is a support level.
📊 Paypal (PYPL) reported $0.88 EPS on revenue of $6.5 billion. The consensus EPS estimate was $0.89 on revenue of $6.4 billion. However, the stock rose because the lousy report was priced in already.
🎯 The report of Robinhood (#HOOD) showed that the company is losing both money and customers. The stock might be a good idea for sellers when stock trading opens at 16:30 GMT+3.
😱 Elon Musk sells $4 billion in Tesla shares, presumably for the Twitter deal. Tesla is down by 27% from the last high of $1150.
🛢 Oil is poised for a fifth monthly gain after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and the resurgence of Covid-19 in China. XBR/USD returned to 109 a barrel.
What are your trades today? Share in the comments!
#MarketNews
☀️ The last day of February! Get ready for extra volatility in March. Here is some news moving financial markets right now.
💰🔹The withdrawal of ETH and BTC from centralized exchanges continues as balances on exchanges hit 5-year lows. Santiment believes that the falling supply of BTC and ETH on exchanges reduces the likelihood of their strong sales in the future.
💵Yesterday, the US dollar index experienced the worst day since February 1, losing 0.46%.
🇨🇳According to Nikkei, foreign investment in China falls to an 18-year low amid worsening relations with the US.
😱Bloomberg economists believe the Fed may have to raise rates to 6.5% to beat inflation. Morgan now expects the Fed to cut rates only in March 2024 (versus Dec 2023 earlier).
☢️Robinhood (#HOOD) received a subpoena from the SEC over its crypto business.
🚗Elon Musk regained the title of the richest man in the world against the backdrop of a 70% increase in Tesla shares in 2023.
🇨🇳Hong Kong will stop requiring masks to be worn in public from Wednesday, drawing to a close the prolonged Covid era that damaged its economy and standing worldwide. Hong Kong will stop requiring masks to be worn in public from Wednesday, drawing to a close the prolonged Covid era that damaged its economy and standing worldwide.
🤖Elon Musk is recruiting a team to develop a competitor to ChatGPT. It is reported that the head of Tesla and Twitter has already hired a developer who recently left Google.
Share your trading setups! Have a great day!
☀️ The last day of February! Get ready for extra volatility in March. Here is some news moving financial markets right now.
💰🔹The withdrawal of ETH and BTC from centralized exchanges continues as balances on exchanges hit 5-year lows. Santiment believes that the falling supply of BTC and ETH on exchanges reduces the likelihood of their strong sales in the future.
💵Yesterday, the US dollar index experienced the worst day since February 1, losing 0.46%.
🇨🇳According to Nikkei, foreign investment in China falls to an 18-year low amid worsening relations with the US.
😱Bloomberg economists believe the Fed may have to raise rates to 6.5% to beat inflation. Morgan now expects the Fed to cut rates only in March 2024 (versus Dec 2023 earlier).
☢️Robinhood (#HOOD) received a subpoena from the SEC over its crypto business.
🚗Elon Musk regained the title of the richest man in the world against the backdrop of a 70% increase in Tesla shares in 2023.
🇨🇳Hong Kong will stop requiring masks to be worn in public from Wednesday, drawing to a close the prolonged Covid era that damaged its economy and standing worldwide. Hong Kong will stop requiring masks to be worn in public from Wednesday, drawing to a close the prolonged Covid era that damaged its economy and standing worldwide.
🤖Elon Musk is recruiting a team to develop a competitor to ChatGPT. It is reported that the head of Tesla and Twitter has already hired a developer who recently left Google.
Share your trading setups! Have a great day!
#MarketNews
👋 Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week.
📆 Economic calendar
The time zone is GMT+3. Check your time zone here: https://www.timeanddate.com/time/map/
Monday
1️⃣ EUR 11:30, Sentix Investor Confidence(Jun)
Tuesday
1️⃣ GBP 9:00, Claimant Count Change
Wednesday
1️⃣ GBP 9:00, GDP m/m
2️⃣ USD 15:30, Core CPI m/m
3️⃣ USD 21:00, FOMC Statement
4️⃣ USD 21:30, FOMC Press Conference
5️⃣ CAD 22:15, BOC Gov Macklem Speaks
Thursday
1️⃣ AUD 04:30, Employment Change
2️⃣ AUD 04:30, Unemployment Rate
3️⃣ USD 15:30, Core PPI m/m
4️⃣ USD 15:30, Unemployment Claims
Friday
1️⃣ JPY Tentative, BOJ Policy Rate
2️⃣ JPY Tentative, Monetary Policy Statement
3️⃣ JPY Tentative, BOJ Press Conference
4️⃣ USD 17:00, Prelim UoM Consumer Sentiment
📰 News to keep you updated:
📈 Bank of America (BofA) notes that, for the first time in years, there's more panic during stock market rises than falls, indicating strong FOMO. The US500 (S&P 500) consolidates at 5353.
🥇 China's gold market remains active, but retail jewelry sales face pressure due to high prices. In the last week of May, gold trading volume in China dropped by 22.8%. XAUUSD fell to 2288.
📱 According to BBG and CNBC, Apple may announce its AI strategy and a partnership with OpenAI at its developer conference (June 10-14). Apple shares rose to 196.90.
🛢 US oil and gas production rates have started to slow. According to the U.S. Department of Energy, crude oil production in March 2024 was nearly 13.2 million barrels per day. XBRUSD consolidates at 79.65.
🏹 American broker Robinhood will buy European exchange Bitstamp for $200 million. #HOOD trades at 22.40.
That's it for today, guys! Click on❤️ if you liked our review, and see you soon!
➡️ TRADE WITH FBS
@fbsanalytics
The time zone is GMT+3. Check your time zone here: https://www.timeanddate.com/time/map/
Monday
Tuesday
Wednesday
Thursday
Friday
🛢 US oil and gas production rates have started to slow. According to the U.S. Department of Energy, crude oil production in March 2024 was nearly 13.2 million barrels per day. XBRUSD consolidates at 79.65.
That's it for today, guys! Click on
@fbsanalytics
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#MarketNews
☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:
🛍 Alibaba is actively increasing its buyback volume amid declining stock prices, raising its buyback to $5.8 billion last quarter. Alibaba shares rose by 2.06%.
🏹 Robinhood has expanded its crypto trading services to Hawaii, Puerto Rico, and the Virgin Islands. #HOOD shares are trading at 22.44.
🛫 Airbus received an order for 152 aircraft worth $24 billion from Philippine airline Cebu Air. #AIR shares rose to 131.86.
🔈 Fed Chairman Powell said that the disinflation process has resumed, but more confidence is needed to start cutting rates. Inflation could reach the 2% target by the end of 2025 or 2026. The UsDollar rose to 105.67.
🇯🇵 The Bank of Japan and the Ministry of Finance have warned that they are prepared to intervene in response to strong fluctuations. Vanguard expects the yen to fall to 170. USDJPY rose to 161.79.
🔥 By 2030, global LNG supply is expected to exceed demand by 11% due to the launch of new LNG projects outpacing demand growth, according to BloombergNEF. XNGUSD dropped to 2.45.
🛢 The US Department of Energy sold 1 million barrels of gasoline from reserves to lower gas prices ahead of Independence Day on July 4th. XBRUSD trades at 86.50.
🚫 According to FT, the EU plans to impose import duties on all goods from Chinese e-commerce platforms, including Aliexpress, Temu, and Shein, even on items valued under €150.
That's it for today, guys! Click on👍 if you liked our review, and see you soon!
➡️ TRADE WITH FBS
@fbsanalytics
🛢 The US Department of Energy sold 1 million barrels of gasoline from reserves to lower gas prices ahead of Independence Day on July 4th. XBRUSD trades at 86.50.
That's it for today, guys! Click on
@fbsanalytics
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