GBPUSD GDP 75% risk event sell bias!
In the Bank of England’s March’s meeting the GBP sold off as two more hawkish MPC members, Haskell and Mann, dropped into voting for ‘no – rate’ change. This allowed the GBP to sell off and market’s want to know…
Giles Coghlan
As a professional market analyst and commentator, Giles' goal is simple: to explain the current reason markets are moving the way they are so you that can make better trading decisions right now. His cutting-edge analysis has been featured in Reuters, Business Insider, WSJ, Financial Times Adviser, NBC, LBC Radio, CoinTelegraph, Guardian Observer, National Express, and numerous other prestigious financial outlets.
GBPUSD faces strong seasonal headwinds!
At the last Bank of England meeting two of the more hawkish members of the Monetary Policy Committee, Mann and Haskell, pulled back from the hiking interest rate camp and moved into the holding interest rate camp. This led to the GBP sell off after the last March BoE meeting. However, since then the GBP has pulled back on an index level largely helped by the Chief Economist Huw Pill who was happy to look at the latest UK data and say that he saw no change from March’s rate meeting.
Can a Gucci turnaround lift Kering’s SA share price?
Kering’s profitability is firmly tied to the performance of it’s Gucci brand with Bloomberg reporting that Kering derives nearly 70% of its profitability from Gucci. Kering SA seasonals are certainly strong.
Will Gold Rise Into, And Out Of The US GDP Print?
At the latest Fed meeting the Fed projected GDP to be 2.1% for 2024, so a firm US GDP print underpins the ‘soft landing’ narrative. A very weak print should support gold as in principle it should weaken the USD on rate cut hopes. So, can gold carry on it’s run higher on Thursday and into the US PCE print on Friday?
Will a Firm US GDP Print Lift The S&P500?
On Thursday at 13:30 we have the US GDP print which is expected to come in at 2.4%, down from 3.4% in Q4 2023. At the latest Fed meeting the Fed projected GDP to be 2.1% for 2024, so a…
Will Tesla Break Through Key Weekly Support On Weaker Earnings
As more traditional automakers enter the electric vehicle (EV) market, there's a risk of increased competition and market saturation. This could lead to price wars and reduced profit margins for Tesla. Established automakers may leverage their existing brand recognition and customer loyalty to gain an advantage over Tesla. How will Tesla’s earnings on Tuesday match up to this risks?
Will UBS Job Cuts Lift It’s Share Price
The CEO aims to save $6 billion in staff costs. UBS's shares fell due to proposed regulatory reforms, potentially resulting in a $20 billion capital hit. The restructuring process, coupled with the merger of parent banks and subsidiaries, makes 2024 a challenging year for the bank.
Is a GBPUSD Retracement Ahead on Strong UK Inflation?
On Wednesday we have UK services inflation data out. If we see the print come in much higher than markets are expecting that will mean that rates markets will start to look for a higher for longer rate narrative and that should lift the GBP against the USD as yield differentials narrow.
Weak Netflix Seasonals Ahead of Thursday’s Earnings!
In the early 2000s, Netflix shifted its focus to streaming media, launching its streaming service in 2007. On Thursday Netflix will release their earnings after the close. The outlook for Netflix is weak now with an average fall of nearly 8% over the last 15 years.
The UK’s Largest Grocer Issues Revised Profit Guidance
Tesco aims to remain competitive in Britain's crowded grocery market by strategically cutting prices and matching competitors like Aldi. The question is as follows though: will Tesco repeat it’s strong seasonal pattern again this year? Will the key support levels marked find buyers?