Netflix (NASDAQ: NFLX) shares have tumbled 30% YTD, similar to its tech brethren, who have by-in-large, been facing huge downward pressure. For interest sake, NFLX was down 37% from its all-time high in November 2021.
Two major events have eaten into the gains that NFLX made in 2021. The first is investor confidence waning in growth stocks in the face of looming...
This week’s 3 events will concentrate on US employment numbers. The released figures could bolster or work against the strength found in the USD since the beginning of the year. For instance, the NZD and EUR have quickly dropped in value against the USD and are currently at a multi-month low against the greenback. Depending on this week’s numbers, the GBP, CAD,...
What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022
Tuesday, January 25:
NAB Business Confidence
NAB Business Confidence from Australia hits the market early afternoon on Tuesday.
The Index may rebound after November’s sharp drop, where it fell to 12 points from 20 points in the previous report. Several factors have recently occurred that...
What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022
Tuesday, January 25:
NAB Business Confidence
NAB Business Confidence from Australia hits the market early afternoon on Tuesday.
The Index may rebound after November’s sharp drop, where it fell to 12 points from 20 points in the previous report. Several factors have recently occurred that...
What 3 Events Will Traders Be Watching This Week?
17 Jan – 21 Jan, 2022
Monday, January 17:
YoY China Retail Sales Dec
Year over year Retail Sales in China is predicted to slow in December 2021’s reading from 3.9% to 3.7%.
The Offshore Yuan has eyed a sub-6.34000 value against the USD since December 2021 but hasn’t held the nerve to stay this low for...
The index that measures the strength of the JPY against a basket of other currencies (JXY) is down approximately 9.5% year-to-date.
At the time of writing, the index is valued at 87.97, after spending the past month climbing up from its yearly low of 86.60. Not only was 86.60 a yearly low, but also a four and a half year low (last seen in March 2017) for the...
China Evergrande, the second-largest real estate developer in China, has been narrowly dodging default for months. The Company has more than US $300 billion in debt that, as it warned the market back in September, it believed would be difficult for it to service. (As an aside, it is believed that China Evergrande could have an additional US $150 billion in debt,...
The Bank of England (BoE) has a difficult decision ahead of it. Next week, on December 16, 2021, it must release its decision regarding its benchmark interest rate.
The two options on the table are for the Bank to increase its interest rate or leave it as is.
Why is the BoE interest rate decision on a knife’s edge?
Inflation in the UK is at a 10-year...
*Please note; The author is working from UTC +13 when determining the timeline of data releases.
Monday, December 06:
Factory Orders from Germany for the Month of October is the first significant piece of data for the week. The market is expecting a 0.5% decline MoM, in factory orders. The EUR may come under pressure when this data reaches the market,...
India has, in the past, been called the “next China” for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech...
The price of oil dropped 13% on Friday (26/11/21), marking the commodities worst single day in 2021.
A drop in oil prices this large was last seen in January/February 2020, when WTI was making its way down to unprecedented negative per barrel territory. No one expects oil to veer this low again, but the comparison to 2020 is apt, with Coronavirus responsible for...
Two recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap. And the second event is EV newcomer Rivian Automotive (NASDAQ: RIVN), surpassing the valuation of Ford Motor Company (NYSE: F) after listing on the NASDAQ.
One way to gauge how...
Some interesting factors are currently affecting commodity prices. Supply chain bottlenecks, unpredictable demand from economies reopening, geo-political tensions, climate change policies are just a few examples.
I find it helpful to review the state of the commodities market periodically. In this article, we will examine Lumber, Cash Crops, and Iron Ore.
...
From mid-September until the end of October, Iron Ore appeared to have found a safe space above US $100. Now, after a steep decline beginning October 27, 2021, Iron Ore has started to test May 2020 lows, close to US $90 per metric tonne. The commodity is grating against predictions by ANZ Bank (ASX: ANZ) for it to “find a floor around current levels”.
Demand (or...
Since we last checked in on the South African Rand (ZAR) in June 2021, the currency was appreciating toward multi-year highs of 13.37 ZAR per US dollar, previously not seen since January 2019. In the proceeding five months, leading up to the present, the USD has staged a comeback against the South African currency and is now level with the average exchange value...
With its back up against a wall, the US Federal Reserve has pledged to begin tapering its asset purchase program. Beginning later this month, the Federal Reserve will reduce the number of US Treasury Securities it purchases each month by US $10 billion and the number of Mortgage-Backed Securities by US $5 billion.
How did the USD react to the Federal Reserve...
What do we know about the Metaverse?
The Metaverse is a concept (for now). A concept that has motivated Facebook to change its branding to Meta and begin developing the infrastructure of a meta-universe. The drastic pivot that Facebook is attempting to pull off, the Company hopes, will put it at the forefront of the internet’s “next frontier”, just as it was a...
As of writing, the DXY is trading at 93.355, down by 0.50% on Thursday trading.
GDP growth in the US may be contributing to this 4-week low in the dollar index. GDP growth missed expectations for Q3 2021, reporting in at 2.0% rather than the expected 2.7%. Q3’s GDP growth represents the lowest value reported for this data point since the US began to recover from...
