Inflation the headline this week - hopes from UK and Europe that will reduce (see below for reporting calendar). Stock Markets and Crytpo generally stronger over the last week. Gold pushing new highs (see attached chart) as US Dollar stays week (see attached currency strength chart). Chinese GDP and Industrial Production figs out tomorrow. Busier week for US earnings releases - still focus still on financial stocks (see below for more detail)
Trending on Social Media this morning:
USA: $Bed Bath & Beyond(BBBY)$ JUPW, DQ, TSLA, 3C AI.
UK: BBBY, $Intel(INTC)$
AUD: TSLA, PLS Sectors: Oil
SAF: $Walt Disney(DIS)$
Stock markets: Stronger start this Mon morning : Stronger / better previous week - can it be maintained? FTSE 7851, DAX 15117 , Nasdaq100 11545, S&P500 4006 -0.29%.
Commodities: Copper 4.177, Platinum 1059, Gold 1919 - pulling back from recent highs? WTI Crude Oil 79.73 - getting more bullish in shorter term? NatGas +4.7% bouncing off recent lows?.
Crypto: BTC posted a good week - trading at 20826 - can it last? ETH 1546. Best of the rest: ATOM, BNB, LTC, MATIC, TRX, XMR.
Forex: Pair combo ideas: (see currency strength chart attached) -USDJPY, -CADJPY,+EURUSD.
Scheduled economic news events to watch out for this week: (Times = GMT)
MON: All Day Holiday United States - Martin Luther King, Jr. Day
15:00 GBP BoE Gov Bailey Speaks
TUES: 02:00 CNY GDP (YoY) (Q4), 02:00 CNY Industrial Production (YoY), 07:00 GBP Average Earnings Index +Bonus (Nov), 07:00 GBP Claimant Count Change (Dec), 07:00 EUR German CPI (YoY) (Dec), 10:00 EUR German ZEW Economic Sentiment (Jan), 10:00 EUR German ZEW Economic Sentiment (Jan), CAD Core CPI (MoM) (Dec)
WED: 03:00 JPY BoJ Outlook Report (YoY), Tentative JPY BoJ Press Conference, 07:00 GBP CPI (YoY) (Dec),10:00 EUR CPI (YoY) (Dec) , 13:30 USD Core Retail Sales (MoM) (Dec), 13:30 USD PPI (MoM) (Dec), 13:30 USD Retail Sales (MoM) (Dec).
THU: 00:30 AUD Employment Change (Dec), 10:30 EUR ECB President Lagarde Speaks, 12:30 EUR ECB Publishes Account of Monetary Policy Meeting, 13:30 USD Building Permits (Dec), 13:30 USD Initial Jobless Claims, 13:30 USD Philadelphia Fed Manufacturing Index (Jan), 16:00 USD Crude Oil Inventories.
FRI: 07:00 GBP Retail Sales (MoM) (Dec), 10:00 EUR ECB President Lagarde Speaks, 13:30 CAD Core Retail Sales (MoM) (Nov), 15:00 USD Existing Home Sales (Dec).
US Earnings to watch this week - again like last week some key financial firms reporting. Tues: MS, GS, SBNY, Wed: SCHW, PNC, KMI, DFS, JBHT, THU: PG, NFLX, TFC, PPG, FAST, FITB, NTRS, KEY, SIVB, CMA, FRI: SLB, STT, HBAN, RF,
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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