Market Spotlight: Uber's Smooth Ride to Continue?
Uber Up NextOn the back of a slew of major tech names reporting last week, focus this week shifts to ride hailing technology company (and food delivery technology company) Uber. The group has seen three consecutive quarters of earnings misses and traders and investors alike will be watching today to see if Uber can put […]
Market Spotlight: EURUSD Reversal Threat
EURUSD Reverses Sharply Last week holds the potential to mark a clear turning point for EURUSD. The weakness we saw on the back of the ECB meeting, further strengthened by the USD rally in response to Friday’s jobs data, has been accompanied by a sharp shift in retail sentiment. The retail community is now around […]
Market Spotlight: US Wage Growth in Focus
US Jobs Up NextOn the back of the FOMC meeting this week, today’s US jobs report will draw plenty of attention. However, instead of the headline NFP results, the bigger focus will likely be on wage growth data. With the Fed having pivoted to a smaller .25% hike this time around, and sounding more constructive […]
GBP/USD finds a cushion around 1.2200, downside seems favored as spotlight shifts to US NFP
GBP/USD has attempted to build a cushion around 1.2200 after a perpendicular sell-off. Investors are dumping the risk-perceived assets as anxiety among investors is soaring ahead of the US NFP data. The BoE might continue hiking interest rates as UK inflation is extremely stubborn. The GBP/USD pair has sensed a pause in its vertical downside […]
Market Spotlight: Downside GBP Risks into BOE Today
BOE Up NextThe Bank of England meeting today will be pivotal for GBP. Concerns over the UK economy have become a prominent issue in recent months with widening industrial action, ongoing Brexit-related difficulties, covid disruptions and political instability all exerting downward pressure on GBP. The BOE’s tightening operations have added to the pressure for UK […]
Market Spotlight: EURUSD Balloons on FOMC – ECB Up Next
Fed – ECB Divergence GrowingEURUSD exploded higher in response to the FOMC yesterday. With the Fed having pivoted further, opting for a .25% hike, there is now growing divergence between the Fed and the ECB. The Fed is now widely expected to bring its tightening operations to a close by the summer while the ECB […]
Market Spotlight: Bullish EURUSD Opportunities into FOMC
Upside Risks for EURUSDLooking across markets for the best opportunities ahead of the Fed today, EURUSD looks like a solid setup for a long should USD weaken on the back of the meeting. If the Fed delivers a smaller .25% hike as expected and also scales back its rates outlook for the remainder of the […]
Market Spotlight: Reality Check For Meta Platforms?
Meta Earnings In Focus Along with the FOMC today we also have big news in US earnings with Meta Platforms reporting its Q4 results today. With the iconic tech stock having suffered a brutal decline in value last year, amidst the worst year for tech stocks since 2008, traders are keen to see how the […]
Market Spotlight: Spotify Earnings in Focus Today
Spotify Earnings Up NextOn the back of two consecutive quarters of earnings declines, Spotify is in focus today. The company is due to report Q4 results with Wall Street looking for an adjusted loss per share of -$1.35 on revenues of $3.391 billion. Spotify suffered sharply over 2022, losing more than 60% of its share […]
Market Spotlight: Downside Risks for Exxon Into Today's Earnings?
Exxon in Focus All eyes are firmly on US earnings today with the world’s largest public energy firm, ExxonMobil, due to report Q4 results. On the back of a bumper +80% year for the stock, investors are looking for fresh reasons to hold Exxon through 2023. With that in mind, the focus for today’s earnings […]