Author Archives: gtiqy

The major indices are opening up mixed with the Dow industrial average down sharply while the NASDAQ and S&P index are rebounding after yesterday’s declines. UnitedHealth Group (UNH) reported Q1 earnings that missed expectations, with EPS of $7.20 vs. $7.37 expected, and revenue of $109.6 billion vs. $111.55 billion expected. The company also cut its […]

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Let’s dive straight into the calls (h/t @ MNI Markets). Deutsche Bank– 25 bps rate cut– “Even with the US tariff pause, the arguments now clearly favour a cut”– “The hit to growth from reciprocal tariffs, uncertainty and financial conditions likely exceeds what the ECB was expecting”– “We expect the “meaningfully less restrictive” language to […]

UnitedHealth pulls the heaviest weight in the Dow and so them slashing earnings outlook for the year while reporting an earnings miss in Q1 is weighing on the index. Dow futures have erased earlier gains to be down 0.8% now with UNH shares indicated down by over 16% in pre-market trading. This is also weighing […]

The markets move the most on surprises or fresh news because they price or reprice future expectations. On a daily basis, probably 99% of the news that gets published is actually useless for the market because it doesn’t change anything or it’s not what the market is focused on. As an example, yesterday we got […]

It’s been a good day for crude oil yesterday as the market benefited from a couple of positive headlines. The first one came in the European session when we got the Bloomberg report saying that China was open for talks with US. That triggered a quick rally as markets look forward to de-escalation on trade […]

Fundamental Overview After a brief consolidation in the first part of the week, gold eventually broke out into a new all-time high and surged by more than 3% in just a day. The precious metal has been the only game in town recently as the uncertainty and risk off flows haven’t even supported bonds, which […]

The highlight in the European session will be the ECB rate decision, although it’s unlikely that the central bank will surprise the markets in any way. In the American session, we have the US Jobless Claims which are now even more important given that they could give an earlier signal of deterioration in the labour […]

There aren’t any major expiries to take note of on the day. And as a reminder, the Easter break coming tomorrow also dampens any interest on this towards the end of the week. Trading sentiment will continue to rely on the same drivers as it has been since last week i.e. broader market mood and […]

Plenty to digest from Japan today. Trade data showed exports rose for a sixth consecutive month in March, but the pace of growth slowed markedly. Exports to the U.S. rose just 3.1% year-on-year, down sharply from a 10.5% gain in February. Exports to China fell 4.8%, and shipments to Europe declined 1.1%, adding to worries […]