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More updates -

 

Fitch cuts key rating for Chinese debt

 

Mexico sells $2.09B of euro-bonds at lowest yield in history

 

Japan's Central banks' stimulus unlikely to boost inflation, IMF says

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Toyota to recall 1.73M cars worldwide due to fears airbag inflator could malfunction and catch fire, company says.

 

Honda Recalls About 1.14M Vehicles Globally to Fix Airbags

 

U.S. Initial Jobless Claims Fell 42,000 Last Week to 346,000. Estimates Called for a Drop to 360,000.

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More updates -

 

Fitch cuts key rating for Chinese debt

 

Mexico sells $2.09B of euro-bonds at lowest yield in history

 

Japan's Central banks' stimulus unlikely to boost inflation, IMF says

 

Great stuff Larry! Thanks for your input on this thread.

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IMF Draft Report Cuts U.S. 2013 Growth Outlook to 1.7% From 2%

 

BOJ Said to Mull Raising Inflation Forecast Showing Confidence in 2% Goal

 

Infosys Shares Plunge After Fourth-Quarter Sales Miss Estimates

 

Singapore First-Quarter GDP Shrinks 1.4%; Economists Estimated 1.7% Gain

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Futures signal lower Wall St open

 

Stock futures pointed to a weaker open on Wall Street on Friday after four straight days of gains, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.1 to 0.2 percent.

 

BOJ's Kuroda: have taken all steps needed for inflation goal

 

The Bank of Japan has taken all necessary steps to meet its 2 percent inflation target in two years and will try to minimize the market disruption from its massive bond buying, Governor Haruhiko Kuroda said on Friday.

 

Analysis: Yuan speculators muddle China's exports, complicating reform

 

Companies gambling on yuan appreciation are distorting Chinese trade statistics, creating a monetary policy headache for Beijing officials and complicating government plans to liberalize the capital account.

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Wholesale Prices in US Drop 0.6% in March, Estimate was for a Drop of 0.2%

 

Retail Sales in US Dropped in March by 0.4%, the Most in Nine Months

 

Wells Fargo Earns $0.92 a Share in Q1 Beating Estimates of $0.89 a Share

 

JP Morgan Earns $1.59 per share for Q1, Beating Estimates of $1.39; Intends to Raise Q2 Dividend to $0.38 Per Share.

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Troika concludes Greek bailout review, next aid tranche soon

 

An inspection team of international lenders has finished its review of Greece's reform progress, paving the way for another 10 billion euros aid payment, a source with knowledge of the talks said on Saturday.

 

Analysis: JPMorgan's lukewarm results put Dimon under more pressure

 

JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure.

 

The top U.S. bank by assets reported tepid first-quarter results on Friday. Income in its biggest businesses - investment banking and consumer lending - fell, excluding accounting adjustments. Outstanding loans grew by just 1 percent, and profit margins on lending narrowed. Stock and bond trading revenue fell.

 

United States puts Japan on notice in currency report

 

The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.

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Infosys Shares Plunge After Fourth-Quarter Sales Miss Estimates

 

 

IMO One of the major reason for the decrease in share price of Infosys share is they did not announce the next year the EPS Guidance for FY 14 (which they used to provide till Q3) . They only provided revenue guidance, a growth of 6-10 %, very less (conservative) compared to Industry average growth of 12-14% provided by Nasscom.

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Gold Futures Fall $100 an Ounce to $1,401 in New York Trading

 

Thermo Fisher Said to Be in Talks to Buy Life Technologies for more than $70 a share.

 

China's economy grew less-than-estimated 7.7% in Q1

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Citigroup Earns Adj. $1.29 a Share in Q1, Beating Estimate of $1.17

 

Thermo Said to Agree to Buy Life With Cash Bid of $76 per Share

 

Kuroda Says BOJ Has Made All Possible Monetary Moves For Now

 

Stocks Climb With S&P 500 Futures as Yen Pares Drop

 

Obama Proposes $3.77 Trillion Budget to Revive Debt Talks

 

Dish Offers to Buy Sprint Nextel for $25.5 Billion in Cash, Stock

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Here are some big Bloomberg updates that would be important for investors in US markets and abroad:

 

Sweden's Riksbank Sees No Increases in Repo Rate Until Second Half of 2014

 

Yahoo Q1 Adj. EPS $0.38, Est. $0.25; Shares Rise

 

ING Seeks Up To $1.5B in IPO of US Unit

 

Intel Sees Q2 Revenue $12.4B-$13.4B, Est. $12.8B

 

SAC's Record $602M SEC Settlement Approved by Judge

 

Dells Says Billionaire Investor Carl Icahn Won't Take More Than a 10% Stake in the Company

 

Goldman Sachs Tops Q1 Estimates Earning $4.29 a Share vs Estimates of $3.87. Revenue Tops Estimates at $10.09B.

 

Coca-Cola Earns $0.46 a Share in Q1 vs. Estimates of $0.44.

 

Glencore-Xstrata Deal Said to Win China Regulator Approval

 

Siena Prosecutors Seizing $2.4B From Nomura in Paschi Investigation

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More updates -

 

Financial services could be part of EU-U.S. free trade deal

 

Blackstone reportedly withdraws bid for Dell

 

U.S. consumer sentiment continues to improve

 

BNP Paribas debuts 38-month close-end fund in India

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Bank of Spain Estimates Economy Shrank 0.5% in Q1

 

Italian 10-Year Bond Yield Falls Below 4% for First Time Since November 2010

 

Jon Corzine is Sued by Trustee Louis Freeh Over the Collapse of MF Global

 

US March New-Home Sales Rise 1.5% to 417,000 Annual Rate

 

Stoxx Europe 600 Index Rises 2.4% for Biggest Gain in Eight Months

 

Apple Boosts Buyback By $50 Billion

 

FedEx in New $10.5B Pact With US Postal Service

 

Apple Shares Gain, Rising 4.9% as Post-Market Trading Resumes

 

Apple Q2 EPS $10.09, Est. $9.98; Q2 Revenue $43.6B, Est. $42.3B

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More updates -

 

China's weak factory data send Asian-Pacific markets sliding

 

Yield on Italy's 2-year note drops to historic low

 

China sees slowdown in manufacturing expansion

 

Speculation increases about Bernanke departure

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Amazon Said to Plan TV Set-Top Box for Streaming Internet Video

 

MetroPCS Shareholders Approve T-Mobile USA Deal

 

Orders for US Durable Goods Decline by Most Since August

 

Bank of England Extends Small-Business Lending Plan by One Year

 

Credit Suisse Q1 Net CHF 1.3B vs CHF 1.27B Estimate

 

Australia Set to Invest 5% of Foreign Currency Reserves in China, RBA's Lowe Says

 

Australia CPI Rises 0.4% vs 0.7% Estimate; Currency Declines

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Banks expect ECB to reduce main interest rate

 

Report notes high default rate in mortgage-modification program

 

Kuroda: Volatility won't shake BoJ from 2% inflation target

 

Fubon plans 2 yuan-denominated bond funds in Taiwan

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Updates from other Sources

 

Initial unemployment claims approach 5-year low - First-time jobless claims in the U.S. declined to 339,000 last week, close to a five-year low, the Labor Department says.

 

U.K. posts 0.3% economic growth, dodging triple-dip recession

 

U.S. regulator wants market pricing for Libor

 

SSgA ETF focuses on emerging-market inflation-linked bonds

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Important Updates to keep in mind as we start a new week

 

The Governor of the Bank of Greece George Provopoulos says market stabilization suggests the ECB won't need bond buying

 

BOJ keeps pledge to double monetary base in 2 years

 

Valeant Merger talks with Actavis said to stall on price

 

Deutsche Bank to sell up to 90M new shares to raise $3.55B

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Some big stock updates

 

Soros Reports passive JC Penney stake equal to 7.91%

 

Amazon Q1 EPS $0.18; Est. $0.10

 

Deutsche Bank to Sell up to 90M new shares to raise $3.66B

 

UBS Q1 Net Income CHF988 Million vs CHF 412M Estimate

 

Lloyds Banking Posts Q1 Pretax 1.48B Pounds, beating estimates

 

IBM Boosts Share Buyback by $5B, Increases Dividend 12%

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Obama Said to Choose Congressman Mel Watt for Fannie Mae Regulator

 

China Manufacturing Expands at Weaker Pace as Economy Grows

 

ADP Employer Services Says the US Added 119,000 Jobs in April, Estimates were for a Gain of 150,000

 

Treasury Says It May Gradually Decrease Coupon Auction Sizes

 

Fed Says It's 'Prepared to Increase or Reduce' Purchases; Maintains $85B Monthly Pace of Bond Buying

 

Facebook Q1 Rev. of $1.46B, Est. $1.44B; Q1 Monthly Active Users Up 23%

 

ING US Prices 65.2M Shares at $19.5 Each in IPO

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    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
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