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.
EUR/USD : remains resilient despite risk averse momentum
2020-12-22 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. Downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold is struggling to move higher from the key retracement area of 23.6%.
EU Market View
Asia-Pac equities traded lower following a mixed lead from Wall Street; ASX 200 underperformed. Asian shares widened losses on Tuesday, extending a pullback from multi-year highs hit last week on fears a highly infectious new strain of COVID-19 that hit Britain could lead to a slower global economic recovery. Looking ahead, highlights from the macroeconomic calendar include German GfK Consumer Confidence, US GDP (Final) and Existing Home Sales. Illiquid conditions will persist through year-end, but dips like this could present more of an opportunity to fade than anything else. Countries across the globe shut their borders to Britain on Monday due to fears about a new strain of coronavirus, said to be up to 70% more transmissible than the original, causing travel chaos and raising the prospect of food shortages days before Britain is set to leave the European Union.
The discovery of the new strain, just months before vaccines are expected to be widely available, renewed fears about the virus, which killed about 1.7 million people worldwide. As a result, European shares fell on Monday in their worst session in almost two months.
EU Key Point
- Germany January GfK consumer confidence -7.3 vs -7.6 expected
- Dollar holds firmer ahead of European trading
- Japan maintains its assessment of the economy for the month of December
- Germany reports 19,528 new coronavirus cases in the latest update today
- Japan is considering strengthening its border control rules for the UK
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…
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?