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.
USD/JPY: resilient above 103.00 but for how long?
2020-12-18 • 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.
XAG/USD: Silver is trading strongly higher and achieves a full retracement. Bulls control the market.
US Market View
US stocks are set to open mixed, ahead of the ‘quadruple witching’ today as December options contracts on stocks, indices, and other products all expire. As lawmakers pushed to finalize a roughly $900 billion stimulus deal, congressional leaders remained divided on Thursday over a handful of issues whose outcome could help determine the course of a sputtering economic recovery. Data released overnight in Europe again suggested that the economic impact of the latest lockdown may not be as bad as feared.
The never-ending saga of the US stimulus package is set to extend into the weekend after disagreements over end-dates for some Federal Reserve lending programs held up negotiations on Capitol Hill on Thursday. Crude oil prices have cooled a little overnight, but the rally in the rest of the industrial commodity complex continues unabated.
USA Key Point
- Canada October retail sales 0.4% vs. 0.0% estimate
- Canada retail sales lead the modest economic calendar today
- The CHF is the strongest and the GBP is the weakest
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…
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?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.