The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
A rough start to the week for the pound
2022-01-19 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold is trading with high volatility as the risk-off mood send it lower. Price stands above the 23.6% retracement area.
US Market View
The UK announced it had identified a new strain of the Covid-19 virus that is more contagious than the strain that has swept through the world this year. There is no information yet to suggest that it is any more virulent than the initial strain, or that the vaccines either already approved or in development will be any less effective against it. Global stocks tumble and the dollar surges as the UK discovers a new strain of the Covid-19 coronavirus. US lawmakers finally approved a $900 billion relief package that includes $600 checks to households, and a $300 weekly enhancement for federal unemployment benefits for 11 weeks. Global stocks corrected downward sharply overnight in response to the news from the UK, which analysts said poses fresh risks to the growth outlook for the first quarter.
USA Key Point
- Canada Nov new housing price index +0.6% vs +0.8% prior
- PM Johnson to hold a press conference later today
- Virus fears will overshadow a light economic calendar
- The USD is the strongest and the GBP is the weakest
- France says it will stick to its 'red lines' as Brexit talks set to continue
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.