China back from holidays, tensions in Ukraine rising, talk of possible further interest rate hikes, OPEC+ oil wars! Watch out for US financial services earnings all this week.
Trending on Social Media this morning:
USA: Tilray (TLRY), Snowflake, Cardinal Health, TWTR, GME, TSLA, PYPL, Sectors: Weed stocks
UK: TSCO, Credit Suisse, Sectors: Weed stocks
AUD: $Tesla Motors(TSLA)$, AMZN, BHP, Sectors: Weed stocks
Stock markets: Slightly higher generally from where we were last week but off to a weak to flat start for the week: FTSE 100 -0.2% at 6965, S&P500 -0.3% at 3642, DAX +0.54% at 12339, Nasdaq100 -0.53% at 11043.
Commodities: Mostly about WTI! It's trading 92.35 -0.31% (see attached chart). Others: Wheat +4.77% at 922, FCOJ + 2.58% at 192.85, Soybeans +2% at 1395, Lumber - 2.39% at 449.82, Silver -2.27% at 19.80, Gold -1.39% at 1685.
Crypto: Bitcoin trading 19303 - little changed over previous week, Ethereum at 1311 -0.88%. Flat to weak crypto complex outlook currently. XRP the strongest of the larger coins.
Forex: USD, CHF strong, CAD, GBP,JPY recovering strength, AUD weakening off. Pair combo ideas: -AUDUSD, (see currency strength chart attached)
Scheduled economic news events to watch out for this week: (Times = GMT)
Mon: CAD / JPY bank holidays
Tues:07:00 GBP Average Earnings Index +Bonus (Aug), 07:00 GBP Claimant Count Change (Sep), 19:35 GBP BoE Gov Bailey Speaks
Wed: 07:00 GBP GDP (MoM), GBP GDP (YoY), GBP Manufacturing Production (MoM) (Aug), GBP Monthly GDP 3M/3M Change, 13:30 USD PPI (MoM) (Sep), 14:30 EUR ECB President Lagarde Speaks, 17:00 USD EIA Short-Term Energy Outlook, 19:00 USD FOMC Meeting Minutes
Thu: 07:00 EUR German CPI (YoY) (Sep), 13:30 USD Core CPI (MoM) (Sep), 13:30 USD CPI (YoY) (Sep), 13:30 USD CPI (MoM) (Sep),13:30 USD Initial Jobless Claims, 16:00 USD Crude Oil Inventories
Fri: 13:30 USD Core Retail Sales (MoM) (Sep), 13:30 USD Retail Sales (MoM) (Sep)
US Earnings to watch this week - financial services this week! Look out for: JPM, WFC, MS, GS, C, PNC, USB, SCHW and others UNH, FAST
Good luck with the trading!
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