Breaking News (3M)
3M (MMM, quote) thumps profit expectations with Q1 earnings per share of $1.59 vs $1.49 estimates.
Strategies
Breaking News (AT&T)
AT&T thumps expectations with first quarter earnings of $0.60 per share versus forecasts of $0.57.
Australian Dollar Sold as CPI Data Confirms Expectations of RBA Rate Cut
THE TAKEAWAY: 1Q Australian CPI Rose 0.1% QoQ and 1.6% YoY > Price Increase Fell Short of Analyst Estimates, Sending Traders Scurrying Away from the Aussie Dollar > AUDUSD Dropped
Commodity Settlement Report
Monday April 22 Commodities Review
S&P 500 Map
The S&P 500 is not fairing very well in early afternoon trading, down over 17 points at the time of this post has many traders running for cover. Its times like this I like to map the market and find if any names that are bucking the trend and find out why. Its these names that seem to be able to weather the turmoil better and warrant a look.
Analysis Upgrades
With such dismal market day a couple of bright spots among analysis upgrades today.
Euro Under Intense Pressure in Monday Trade; Below 1.3125 Accelerates
Euro reverses course in early weekly trade Softer round of Eurozone PMIs weigh heavily on risk appetite Global equities also trade with heavy tone US Dollar and Japanese Yen prime beneficiaries Eurozone sovereign debt highest since Euro established Currencies were under pressure for the entire European session, with the safe haven US Dollar and Japanese Yen benefitting from the risk off trade. The pullback in the Euro has been quite
Dollar: Fed Forecasts and 1Q GDP Promising Breakout Catalysts
Dollar: Fed Forecasts and 1Q GDP Promising Breakout Catalysts British Pound will Put Modest Hawkish Upgrade to the Growth Test Australian Dollar Traders Have a Clear Expectation for Tuesday’s CPI New Zealand Dollar Measured its Reaction to Inflation, How About the RBNZ? Euro Traders Should Watch French Election, IMF Response and Crisis Headlines Japanese Yen Not Seen as a High-Level Volatility Risk, Good Setup for the BoJ Gold May Finally
CHF Surges as USD Retreats- JPY Drifts Above Key Daily Support
The greenback is weaker against all its major counterparts save the yen amid a rebound in broader market sentiment. Here are the setups we will be trading on USDCHF and USDJPY. Daily Winners and Losers The Swiss franc is the strongest performer against a weaker greenback with an advance of 0.65% ahead of the European close. Market sentiment is well supported with equities and Treasury yields rallying on stronger than
USD Index Struggles To Hold Trend Ahead Of FOMC, GBP Looks Higher
The greenback threatened its bullish trend on Friday as the Dow Jones-FXCM U.S. Dollar Index tumbled to a fresh weekly low of 9,913, but the reserve currency may snap back going into May should the Fed continue to soften its dovish tone for monetary policy.