Quiet week ahead for scheduled economic news events after last weeks interest rate barrage. Nat Gas prices continue to surge (see attached chart) and the US Dollar still very strong. US markets starting to really focus in on the mid-term elections. Stocks - $Twitter(TWTR)$still all the talk! Having a negative impact on $Tesla Motors(TSLA)$? US earnings season continues, following last weeks volatility and disappointments (see below for my pick of the week).
Earlier this morning - German Industrial Production results better than expected.
Trending on Social Media this morning:
USA: VIHD (see attached chart), SNTG
UK: ADTX,
AUD: Apple, Amazon, Pilbara,
Stock markets: Stronger start for most this morning but still heading nowhere positive in the longer term!: FTSE 7312 -0.4% DAX 13575 +0.8%, Nasdaq100 10949 +0.5%, S&P500 3799 +0.5%
Commodities: Nat Gas up 9% to 7.00 and continues to rise (see attached chart), WTI crude oil at 92.61 USD -0.23%. Copper -1.93% at 3.6215.
Crypto: Little change over previous week: Bitcoin trading 20742, Ethereum at 1576. ATOM, BNB, DOGE, MATIC, XRP, QNT still the strongest of the larger coins.
Forex: USD still very strong but giving back some recent gains. EUR continues to strengthen. AUD and JPY still weak - JPY the weakest currently. Pair combo ideas: - AUDUSD, +USDJPY, +EURAUD, +EURJPY (see currency strength chart attached)
Scheduled economic news events to watch out for this week: (Times = GMT)
TUES: 17:00 USD EIA Short-Term Energy Outlook
WED:15:30 USD Crude Oil Inventories
THU: 13:30 USD Core CPI (MoM) (Oct),13:30 USD CPI (YoY) (Oct), 13:30 USD CPI (MoM) (Oct), 13:30 USD Initial Jobless Claims
FRI:07:00 GBP GDP (MoM), GBP GDP (YoY) (Q3), GBP GDP (QoQ) (Q3), GBP Manufacturing Production (MoM) (Sep), GBP Monthly GDP 3M/3M 07:00 EUR German CPI (YoY) (Oct)
US Earnings to watch this week - another busy week ahead! My picks: AZN, DIS, OXY, BAM, BDX, ATVI, TRP, SFMG, BNTX, MFC, DD, WELL, RBLX, LCID, TTM, $NIO Inc.(NIO)$TTWO, PLTR, RYAAY, EXPD, PLUG, WYNN.
Good luck with the trading!
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