The week ahead 08/08/22:
UK morning update -
Stockmarkets CAC, DAX, FTSE all positive - probably due to continued good earnings results in Europe. In US NASDAQ100 +0.74% / S&P500 +0.61% stronger.
In FX US Dollar bit weaker. $Australian Dollar - main 2209(AUDmain)$ looking the pick of the stronger major currencies. JPY giving up some recent strength. (SEE CURRENCY STRENGTH CHART attached)
Commodities: Gold +0.25% 1795, $Light Crude Oil - main 2208(CLmain)$ -1.11% at 88.01, Lumber -4.16% at 479.2, NatGas -2.85% at 7.835, Palladium +3.8% at 2191
Trending on social media: PEGY, HKD, AMTD, KRKR, ILAG, BQ, VRAX, BBBY, AMC, SOFI, BP. , TSMC, CRWD, ETSY,
US Earnings this week to look out for (from the many): DIS, D, EMR, SYY, RIVN, RBLX, GOLD, $Coinbase Global, Inc.(COIN)$ , TTWO, PLTR, PLUG,
Key sheduled economic events: Wednesday - China PPI / CPI figs 02:30 GMT, 13:30 GMT USD CPI figs, 15:30 USD Crude Oil inventories. Thurday: USD 13:30 Initial Jobless claims, Friday: GBP 07:00 GDP figs, manufacturing figs.
Good luck with the trading!
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