Weekly equities forecast: Tesla, Lloyds & Barclays earnings preview
April 21, 2024 04:00 AM
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Dow Jones Forecast: DJIA rises boosted by mega-caps
US stocks are set to open higher, adding to last week's gains as mega-caps remain in focus. Tesla is trading 14% higher pre-market on encouraging China news, and Apple is set to rise 2,5% on AI optimism. The US economic calendar is quiet today. Attention will be on Wednesday's FOMC decision and Friday's NFP report.
Gold analysis: Metal ready to take off again?
Gold analysis: Metal remains fundamentally support, so we could see a renewed rally. This week’s macro highlights include FOMC policy decision, NFP and ISM PMIs. Gold technical analysis shows prices respecting the 21-day exponential moving average.
EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD rises on USD weakness & ahead of German inflation data. FTSE 100 rises to fresh all-time highs.
Trade ideas
Gold analysis: Metal ready to take off again?
Today 11:05 AM
U.S. Crude Oil Outlook: WTI Oil Market Trends Amid Fed Rate Decisions and PMI Results
Today 09:52 AM
USD/JPY plunges 400 pips after suspected intervention
Today 05:56 AM
US dollar, yields look set to close the gap with commodities
Yesterday 11:57 PM
S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead: Into the FOMC
Yesterday 08:00 AM
U.S. Crude Oil Outlook: WTI Oil Market Trends Amid Fed Rate Decisions and PMI Results
WTI Crude Oil Outlook: From pipelines to policies, mapping Crude Oil market trends amid Fed rate decisions, employment indicators, and PMI results
USD/JPY plunges 400 pips after suspected intervention
It was supposed to be a quiet day with Japan on a public holiday. Yet the initial rally to 160 may have irked central authorities enough to ditch their supposed day off, intervene and send USD/JPY 400-pips lower.
EUR/USD, GBP/USD flip to net-short, JPY shorts near record high: COT report
There seems to be no fear in shorting then yen, given large speculators pushed net-short exposure to the second highest level on record last week. EUR/USD and GBP/USD also flipped to net-short exposure.
USD/JPY: Japan was just given every excuse to trigger BOJ intervention
If Japan’s Ministry of Finance (MOF) was looking for a trigger to instruct the Bank of Japan (BOJ) to intervene in currency markets, they were just provided a big one. Expect heightened near-term volatility in USD/JPY on Monday.
US dollar, yields look set to close the gap with commodities
Momentum turned higher for the US dollar on Friday and the US 2-year is reconsidering a break above 2%, which could see them close the gap with the CRM commodities index - which have led both markets higher this year.
AUD/USD weekly outlook: AUD squares up to US dollar strength
AUD/USD notched up a 5-day rally against the US dollar despite the hotter PCE inflation report for the US on Friday. Yet resistance levels nearby suggest it may be due a pullback.
Crude oil analysis: WTI on course to finish higher for fourth month
Crude oil investors eye clues about demand outlook ahead of busy week, as OPEC+ cuts and reduced fears about Eurozone economy keep oil prices supported. WTI technical analysis suggests trend is still bullish.
S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead: Into the FOMC
It was a come back type of week for stocks, even with another hot inflation report. But next week brings the Fed and markets are still holding on to hopes for 2024 rate cuts.
EUR/USD Forecast: ECB Still Favors a Summer Rate Cut – Does that Cap Euro?
EUR/USD may have seen its bounce off 1.0600 support stall at 1.0740 – see the levels to watch moving forward!
Weekly equities forecast: Amazon, Apple & HSBC earnings previews
Earnings drove volatility last week and continue to roll in this week. Attention will be on Amazon, Apple and HSBC. Here we look at what to expect.
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