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.
Dollar weakness gains strength
2020-12-15 • Updated
Ichimoku Kinko Hyo
EUR/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 after a remarkable selloff is trading strongly higher and stands below the 23.6% retracement area.
US Market View
US stock markets look set to break a four-day losing streak later, with the futures contracts for all three major indices trading higher in the overnight session. The International Energy Agency trimmed its forecast for global oil demand by 100 000 barrels a day, but still said it expected a robust recovery in global demand in 2021, resulting in average demand of 96.9 million barrels a day.
The US Food and Drug Administration will release its analysis of data from the stage 3 trial of Moderna’s Covid-19 vaccine, a preliminary step toward the granting of emergency use authorization, which may come by the end of the week. The European Union added to Big Tech’s regulatory woes, publishing a draft regulation on digital services and markets with provisions allowing it to break up companies if they repeatedly offend. The Chinese economy has reached cruise control. Industrial production and retail sales continued to grow in November, underlining the country’s status as the only major world economy likely to grow this year, but the rate of improvement has flattened out in the last couple of months.
USA Key Point
- GBP finds buyers from Sunday's gap
- German health minister supports that COVID-19 infection numbers and deaths too high
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.