Market Information Immediately – S&P500 closed at ATH once more. USD slipped once more (EUR at 2-mth excessive and up 3%+ for April, USDCAD at 3 12 months lows). AMZN Earnings huge beat – +44% enhance in gross sales ($108.5bn); report earnings (tripled) AWS +32%, Advert gross sales an enormous +77%; Shares +2.4% after-hours. TWTR beats, rev +28% ($1.04Bn). Yields rallied to 1.69% 2-week excessive (now 1.641%). Yesterday – US GDP (6.4%), Claims (553K) and Pending Dwelling gross sales (1.9%) all missed expectations. In a single day Japanese knowledge higher than anticipated, Chinese language knowledge blended (each shut till Wednesday).
JPY below 109.00 at 108.75 (PP), Cable at 1.3945 (PP) and AUD rejected 0.7800 yesterday trades at 0.7775 (PP)
USOIL at 6- week excessive peaked at $65.00, Gold – $1770 following unstable session (highs 1790, lows 1756) BTC below 53,000 on shut – again to 54,300 (PP) now.
European Open – Threat aversion picked up once more in a single day as buyers have been spooked by China’s anti-trust crackdown, though the DAX future is up 0.2%, after an sudden enlargement in French GDP firstly of the session and yesterday’s underperformance. The FTSE 100 future is down -0.2% and U.S. futures are additionally within the pink, with the tech-heavy NASDAQ underperforming and down -0.4%.
Immediately – German GDP (Flash), EZ CPI (Flash) & GDP (Prelim), US PCE & Chicago PMI, Fed’s Kaplan. Earnings from Exxon, Chevron, Phillips 66, AbbVie, Colgate-Palmolive, AstraZeneca, Barclays, BBVA, BNP, Eni
Largest (FX) Mover @ (07:30 GMT) EURAUD (-0.20%) rejected 1.5600 once more yesterday moved below 50- and 20-hr MA and Each day PP. Subsequent help 200-hr MA & S1 at 1.5550. Sooner MAs stay aligned decrease, RSI 47 & cooling , MACD histogram & sign line aligned decrease however stay above 0 line. Stochs rising. H1 ATR 0.0014, Each day ATR 0.0056.
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Stuart Cowell
Head Market Analyst
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