Author: FX

TESLA AND NETFLIX RESULTS:Tesla’s second-quarter results beat top and bottom-line estimates, but profitability worsensNetflix’s results were mixed, with revenue slightly below expectations but EPS above market forecastsShares of both companies traded lower after hours, weighing on Nasdaq 100 futures Recommended by Diego Colman Get Your Free Equities Forecast Most Read: US Dollar Dancing on Horizontal Support ahead of Fed Decision Next WeekShares of Tesla (TSLA) and Netflix (NFLX) headed lower in extended trading after both companies reported somewhat mixed earnings for the April-June period, with the former sliding roughly 1% and the latter down about 5% at the time of…

Tesla earnings will be reported after the close. The expecations (and prior period numbers for comparison) shows:Q2 Revenues $24.5 billion estimate, which would be a slight increase from Q1 and a substantial 45% increase year over year.Tesla’s adjusted EPS are estimated to be $0.82 for the second quarter.Tesla’s adjusted net income is anticipated to be $2.89 billion, slightly less than the $2.9 billion from Q1 but nearly $300 million more than the same period last year.In Q1 2023, Tesla reported revenues of $23.33 billion and a net income of $2.51 billion. In Q2 2022, the company posted $16.93 billion in…

Share: AUD/USD trades at 0.6762, down 0.70%, marking the fourth straight day of losses. US Department of Commerce data showed an MoM decline of -8.0% in Housing Starts, with Building Permits also falling by -3.7%. Market speculators expect the US Federal Reserve to halt rate hikes after a predicted 25 bps hike in July, with the first cut expected in March 2024. AUD/USD extended its losses to four straight days, spurred by the pair’s failure to get traction and surpass 0.6900, exacerbating a correction, with sellers eyeing a test of the 200-day Exponential Moving Average (EMA) at 0.6751.…

EURO FORECAST:The euro has risen aggressively in recent weeks, but its bullish momentum has started to fadeThe pair appears to have entered a period of consolidation amid lack of fresh market catalystsThis article looks at key EUR/USD’s technical levels to watch in the coming days Recommended by Diego Colman Get Your Free EUR Forecast Most Read: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on RadarEUR/USD rallied strongly during the first half of the month, driven by broad-based weakness in the U.S. dollar following softer-than-expected U.S. inflation data. Against this backdrop, the pair soared to multi-month highs, showing a strong bullish…

Senseonics begun at underperform at Jefferies on glucose monitoring market Source link

© Reuters. FILE PHOTO: A “For Rent, For Sale” sign is seen outside of a home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger/File Photo By Safiyah Riddle (Reuters) – A surge in U.S. rental home construction could soften rent prices in the months ahead, a much-awaited milestone in the Federal Reserve’s effort to tame inflation even as tightening credit conditions are beginning to take the wind out of the apartment building boom. Groundbreaking on multifamily homes that have more than five units – a size that typically indicates apartment construction – decreased by 11.6% to 482,000 in June from…

Looking for more opportunities to trade the news this week? Here’s another potential catalyst for GBP pairs! The U.K. June retail sales report is comin’ right up, so let’s see what market watchers are expecting and how the pound might react. Event in Focus: U.K. retail sales data for June 2023 When Will it Be Released: July 21, 2023 (Friday), 6:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline retail sales m/m: +0.2% expected vs. +0.3% previous Relevant Data Since Last Event/Data Release: June BRC retail sales monitor rose from…

Housing starts, building permits, and completions for JunePrior housing starts 1.631M (data was much higher than the estimate of 1.400M) revised lower to 1.559MPrior building permits 1.491M (estimate last month was 1.420M)Housing starts 1.434M versus estimate of 1.480MBuilding permits for June 1.440M vs 1.490M estimateBuilding permits -3.7% versus +5.6% last monthHousing starts -8.0% vs +15.7% last month (revised from 21.7% previously reported)In June, privately-owned housing completions reached a seasonally adjusted annual rate of 1,468,000, marking a 3.3% decrease from the revised May estimate of 1,518,000. YoY Housing completions are up 5.5% vs June 2022 rate of 1,392,000. The completion rate…

Traders keep track of variables and statistics to help them track their performance and identify areas for improvement. Common metrics include items such as net profit, win percentage, payoff ratio per trade, and largest drawdown. Now, I’d like to focus on some of the other forex performance metrics that tend to be overlooked but can provide critical insight into one’s trading: 1. Holding time Knowing how long on average you hold your trades will tell you what trading techniques and styles you’re most comfortable with, and it will help you determine whether you’re a short-term forex trader or a long-term trader.…

Share: Gold price has turned sideways around $1,980.00 as investors are awaiting a fresh trigger. The US Dollar Index sustains confidently above 100.00 despite an absence of supportive fundamentals. US Retail Sales for June showed a slowdown in consumer spending momentum. Gold price (XAU/USD) is demonstrating a non-directional performance on Wednesday after printing a fresh seven-month high above $1,980.00. The precious metal witnessed immense strength on Tuesday after US Retail Sales for June showed that consumer spending momentum has slowed down but is still sufficient to push the Federal Reserve (Fed) to raise interest rates further at its…