US Earnings season over. US Dollar weaker but recovering Monday morning. UK Pound strengthening. (See attached Currency Strength charts) Covid problems still hitting Chinese markets. Mixed bag for global stocks - mining, travel suffering. Defense, healthcare more positive. Strongest stock market - EU Stoxx (see attached chart). End of the week we head into US Thanksgiving holidays.
Earlier today Chinese Loan Rate stayed the same at 3.65%.
Trending on Social Media this morning:
USA: GME, $Tesla Motors(TSLA)$ , DIS, GM, BOOM, $Taiwan Semiconductor Manufacturing(TSM)$ (see attached chart).
UK: TWTR, Indian (NSE) Stock Exchange
AUD: $Pilbara Minerals Ltd(PLS.AU)$ , Coles, Piedmont. Sectors: Lithium
Stock markets:Little or no change from previous week - softer start Mon morning : FTSE 7380, DAX 14344, Nasdaq100 11620, S&P500 3953.
Commodities: Cotton, Lumber, Soybean Oil all down approx 3%. WTI Oil weak and trading 79.99. Gold after strong gains weakening off at 1741.
Crypto: Still digesting the FTX scandal!! Crytpo complex struggling badly! BTC 16077, ETH 1126. Best of the rest: BNX, TWT.
Forex: Pair combo ideas: (see currency strength chart attached)
Scheduled economic news events to watch out for this week: (Times = GMT)
TUES: 13:30 CAD Core Retail Sales (MoM) (Sep)
WED: All Day Holiday Japan - Workers Day, 01:00 NZD RBNZ Interest Rate Decision expect 4.25% from 3.50%, 01:00 NZD RBNZ Rate Statement, 02:00 NZD RBNZ Press Conference, 08:30 EUR German Manufacturing PMI (Nov), 09:30 GBP Composite PMI, 09:30 GBP Manufacturing PMI, 09:30 GBP Services PMI, 13:00 USD Building Permits, 13:30 USD Core Durable Goods Orders (MoM) (Oct), 13:30 USD Initial Jobless Claims, 15:00, USD New Home Sales (Oct), 15:30 USD Crude Oil Inventories, 19:00 USD FOMC Meeting Minutes.
THU: All Day Holiday United States - Thanksgiving Day, 09:00 EUR German Ifo Business Climate Index (Nov), 12:30 EUR ECB Publishes Account of Monetary Policy Meeting
FRI: Holiday United States - Thanksgiving Day - Early close at 13:00, 07:00 EUR German GDP (QoQ) (Q3)
US Earnings to watch this week - Earnings 1/4 over - only a few this week. My picks: ZM, SJM, J, FUTU,
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
YouTube: thestophunter
Visit my YouTube channel for loads of free educational content / courses / tips / analysis /ideas via TIGER: THE STOP HUNTER Intro Post & Links (Links to YouTube at bottom of post)
Comments