A possibly 'quieter' week ahead. Not too much to talk about on scheduled economic calendar events this week - Thursday: US CPI numbers one to watch. (See below for schedule). General sentiment starting the week a bit more bullish with China opening up its borders, and German industrial production figures encouraging. US earnings this week with the focus on financial stocks (see below for more detail). $Light Crude Oil - main 2301(CLmain)$ bouncing up on that Chinese news (see attached chart). In FOREX - US Dollar weaker (see attached currency strength chart).
Trending on Social Media this morning:
USA: $Tesla Motors(TSLA)$ (see attached chart) , HKD, sectors: Bump stocks.
UK: PayPal
AUD: NHC, TCL , $Pilbara Minerals Ltd(PLS.AU)$ , Sectors: Bump stocks
Stock markets: Stronger start this Mon morning : FTSE 7685 -0.3%, DAX 14671 +0.42%, Nasdaq100 11150 +0.34%, S&P500 3929 +0.36%.
Commodities: Gold trading around recent highs at 1876. WTI crude popping up +3.28% at 76.19. NatGas +4.9% at 3.891.
Crypto: Sector still in a world of hurt and badly struggling - still reeling from FTX and a loss of confidence in the market - although a better more bullish start this Monday morning!! BTC 17256, ETH 1320. Best of the rest: XMR, LTC, TWT, PAXG, OP, LDO.
Forex: Pair combo ideas: (see currency strength chart attached) +AUDUSD, -GBPAUD.
Scheduled economic news events to watch out for this week: (Times = GMT)
MON: All Day Holiday Japan - Respect for the Aged Day
TUE: 14:00 USD Fed Chair Powell Speaks, 17:00 USD EIA Short-Term Energy Outlook
WED: 00:30 AUD Retail Sales (MoM) (Nov): 15:30 USD Crude Oil Inventories
THU: 13:30 USD Core CPI (MoM) (Dec), 13:30 USD CPI (YoY) (Dec), 13:30 USD CPI (MoM) (Dec), 13:30 USD Initial Jobless Claims,
FRI: 07:00 GBP GDP (MoM), 07:00 GBP GDP (YoY), GBP GDP (QoQ), 07:00 GBP Manufacturing Production (MoM) (Nov)
US Earnings to watch this week - Look for Friday - lot of Financials report My picks: UNH, JPM, BAC, WFC, BLK, C, BK, FRC, DAL
Good luck with the trading!
If you’d like to find out more about what I do, you can get in touch with me via:
Email: info@thestophunter.co.uk
Website: www.thestophunter.co.uk
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