Author: FX
Tesla (TSLA) missed Wall Street’s consensus for second-quarter adjusted earnings per share (EPS) late Wednesday. TSLA stock dropped over 2.5% afterhours on the news as the EV-battery-robot company reported adjusted EPS of $0.33 compared with the analyst consensus of $0.54.Revenue in the quarter, however, of $28.24 billion beat the consensus by $1.75 billion as sales rose nearly 26% from a year earlier. Earlier this month, Tesla reported Q2 deliveries of 480K vehicles. Tesla also reported capex of $5.79 billion in the quarter compared with $2.49 billion in the first quarter. Free cash flow dropped to $1.09 billion in Q2 compared…
Crude oil inventory +2.01 million versus -1.052 million estimateGasoline inventories +0.765 million versus -1.5 .7 million estimate.Distillates +1.395 million versus +0.738 million estimate.Surprise build in the oil inventory data for the current week versus expectations, but the private data last night also showed a surprise build of 2.603M for crude and a build up 1.75 million for distilates.The price of crude oil is trading at $87.07. That is still up $2.70 on the day. However, the price is off the high price of $88.61. Support is at the 50% midpoint of the move down from the May 18 high. Source…
Rabobank’s FX Strategy team reviews Bank of Japan policy, noting that the slow rate-hike pace reflects exceptional shocks such as tariffs, war and domestic political changes. Governor Ueda’s speeches emphasize continued rate increases as activity and prices improve, while higher Oil prices and AI-related demand offset each other. BoJ bond-buying tapering has heightened market focus on fiscal risks and JGB supply.Rate path, tapering and growth drivers”Despite this, BoJ Governor Ueda has maintained an optimistic outlook with respect to the progress of positive wage setting behaviour amongst Japanese firms and the momentum that this creates in driving underlying CPI inflation sustainably…
sitoxFTAI Aviation (FTAI) up 8% pre-market Wednesday after saying it secured a $1.465B initial purchase order from a “leading international cloud service provider” for its Mod-1 aeroderivative gas turbine generator sets through J&F Power Systems, the company’s joint Source link
KPN Q2 2026 slides: solid growth masked by one-time headwinds Source link
Gold squeezes to the upside following a key technical breakout; but skies aren’t clear yet !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Silver price (XAG/USD) gives back some of its early gains, but is still 0.8% higher at around $59.25 during the European trading session on Wednesday. The white metal struggles to extend the rally beyond the psychological level of $60.00 due to a fresh surge in oil prices amid escalating Middle East energy supply risks.In European trade, the WTI Oil price is up more than 2% at around $86, the highest level seen in over five weeks.Higher oil prices boost fears of hot inflation expectations, a scenario that forces global central banks to tighten monetary conditions. Theoretically, hawkish monetary policy expectations…
The trade ends in a loss. Situations like this happen every week, and they show why the False Breakout Indicator MT4 has become popular among price action traders.False breakouts can lead to poor entries, unnecessary stop-loss hits, and emotional decisions after a series of losing trades. Chasing every breakout often results in giving back profits earned during trending markets. The frustration grows when the market appears to move in the expected direction before reversing sharply.The False Breakout Indicator MT4 helps traders identify these fake-outs before they become expensive mistakes. Instead of following every breakout, the indicator focuses on price levels…
Another miss in Australia’s employment data could erase RBA tightening expectations for the remainder of the year. Here’s what I’m watching on AUD/NZD and AUD/CAD if this happens. Source link
Australia is dropping its June employment numbers! If the report hits or exceeds estimates, AUD/USD and AUD/NZD may be worth a second look. Source link