Trading Earnings Announcements: Main Talking Points Earnings season occurs a few weeks after the final month of a financial quarter and provides unique opportunities for equity traders It can result in immense single-stock volatility that has potential to spill over into other companies, sectors and the major indices This guide will cover three key things
Crude oil prices fell on doubts about the ability of oil producers to reach agreement on production cuts, per ANZ Bank. Key quotes “Saudi Arabia and Russia continue to hammer out a deal. Reports suggest they are focused on a three-month cut to output, although volumes have not been discussed. What is clear is that
GBP/USD has been clinging onto range as Brits await news regarding the PM’s condition, FXStreet’s analyst Yohay Elam reports. Key quotes “Updates from St. Thomas hospital in central London are few and far apart – keeping Brits on edge and in markets, holding GBP/USD in a tight range after initially falling in response to Johnson’s
Traders scaled back their open interest positions by around 8.7K contracts on Tuesday, according to advanced prints from CME Group for Gold futures markets. On the other hand, volume rose for the second session in a row, this time by nearly 14.4K contracts. Gold could still visit the $1,700/oz mark Prices of the ounce troy
Positive risk appetite and firm equity performance kept USD/SGD suppressed on Tuesday, although much of that positivity is reversed by early Wednesday, per OCBC Bank. Key quotes “The SGD NEER remains contained between parity to +0.60% above parity.” “The top end of the band translates to about 1.4220/30 on the USD/SGD, and we expect that
The risk mood is tempered by the lack of resolve on the part of EU governments Eurostoxx -1.0% Germany DAX -0.8% France CAC 40 -0.9% UK FTSE -1.1% Spain IBEX -1.1% The divide between euro area governments in finding a common stimulus solution is hurting risk and the euro to start the day. Although, there
US Dollar Preview Ahead of FOMC Minutes, Coronavirus – Talking Points US Dollar may rise on liquidity demand if FOMC minutes spook markets Coronavirus pandemic continues to muddy the global growth outlook GBP/USD capitulation may be ahead as pair eye descending resistance Asia-Pacific Recap The anti-risk Japanese Yen rose versus its G10 counterparts while the
US Dollar, Euro, European Union Ministers Fail To Agree Coronavirus Response Talking Points: The US Dollar made broad haven gains as Eurozone finance ministers broke up without agreement They’d reportedly been in conference for sixteen hours Familiar north/south disagreements reportedly remain formidable The US Dollar rose sharply as Wednesday’s Asia Pacific session wound down on
Mixed mood among Asian equities today The Nikkei traded higher into the closing stages, riding on the back of the more positive risk sentiment in the past hour with US futures also seeing gains of just over 1%. Meanwhile, the Hang Seng is down by 1% while mainland Chinese equities are keeping closer to flat
Australian Dollar Talking Points AUD/USD tagged a fresh monthly high (0.6208) as the Reserve Bank of Australia (RBA) abandoned the dovish forward guidance for monetary policy, but the recent rebound in the exchange rate appears to have stalled as Standard and Poor’s cuts Australia’s credit rating outlook to ‘negative’ from ‘stable.’ Post-RBA AUD/USD Rebound Stalls
The latest data published by the British health ministry revealed that the UK’s death toll increased by 20% as of 16 GMT on April 3rd to 4,313 from 3,605 previously. As of Saturday morning, there were a total of 41,903 confirmed coronavirus infections. Meanwhile, NHS England Medical Director Powis noted that cases have risen but