Macron has failed France – but there is still plenty to invest in

Emmanuel Macron won a convincing victory in France's presidential election, but he has no clear vision for halting the country’s decline. Frédéric Guirinec looks at the state of France and picks 20 French stocks to buy.

from Moneyweek RSS Feed https://moneyweek.com/investments/stockmarkets/european-stockmarkets/604781/20-french-shares-to-buy-macron-has-failed-france
via IFTTT

Gold shows its mettle as a safe haven at last

Gold has proved its worth as a safe haven, gaining 9% since the start of the year and recently finishing its best quarter in nearly two years.

from Moneyweek RSS Feed https://moneyweek.com/investments/commodities/gold/604738/gold-shows-its-mettle-as-a-safe-haven-at-last
via IFTTT

The race to put art on the moon

Two space cadets are hoping for a big pay day by putting works of art on the moon. Chris Carter reports

from Moneyweek RSS Feed https://moneyweek.com/investments/alternative-investments/604725/the-race-to-put-art-on-the-moon
via IFTTT

Macron has failed France – but there is still plenty to invest in

Emmanuel Macron won a convincing victory in France's presidential election, but he has no clear vision for halting the country’s decline. Frédéric Guirinec looks at the state of France and picks 20 French stocks to buy.

from Moneyweek RSS Feed https://moneyweek.com/investments/stockmarkets/european-stockmarkets/604781/macron-has-failed-france-but-there-is-still
via IFTTT

Which mistake will central bankers choose to make next?

The heads of the Bank of England and the US Federal Reserve have choices – but none of them are good choices, says Merryn Somerset Webb.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/604780/which-mistake-will-central-bankers-choose-to-make-next
via IFTTT

Apple Earnings – Expectations are for continued growth

The largest company on Wall Street, Apple inc., will present its quarterly report today after the closing bell. Apple, with a market capitalization of $2.5 trillion, has beaten Wall Street expectations ever since taking over from Microsoft as the most valuable company.

CNN Business

Although Apple did not give any projections for the 2nd quarter of fiscal 2022 due to uncertainty about the post-Covid-19 impact, investors still see Apple as a strong company and expect Apple to continue to report strong business growth this quarter. Apple has consistently reported financial reports that outperformed market projections for the year ending 2021. While Apple struggled somewhat in smartphone sales, good improvements in the serviced business sector covering APP Store, Apple Music, iCloud and others helped boost Apple’s business. Apple’s portfolio in non-phone sectors such as Mac, iPad is also expected to increase in this 2nd quarter report. The market is now projecting Apple to report revenue of $ 94.0 Billion, an increase of more than 5% ($ 77.1 billion) over the same quarter last year. Meanwhile, earnings per share (EPS) for the 2nd quarter is projected at $ 1.42 per share, an increase of more than 2 cents from $ 1.40 reported in the same quarter last year. There is little concern that the movement control (lockdown) order in China will affect Apple’s supply chain, where nearly half of Apple’s device suppliers are affected. It is not expected to affect the financial reporting for this quarter, instead it is likely to have an impact in the next quarter. With Apple’s latest product just launched, the self-service phone repair shop, it is expected to continue to help Apple in maintaining business growth and remain a giant on Wall Street.

Apple shares (MT5: #Apple) for 2022 are on somewhat of a roller coaster following geo-political factors and high inflation. Apple shares hit a high of $182.87 in early January before falling to $150 following the Russia-Ukraine geo-political crisis. It bounced back to $180 at the end of March and retreated in April and is now trading at $156.50 on April 27. Apple shares are now trading below the 50- and 200-day MA with the RSI-14 moving closer to oversold levels, while the MACD signal line has also broken below 0. Market analysts suggest Apple shares are still in the Buy category. Apple’s stock outlook for the next 12 months is forecast at a median of $191.00, + 24% compared to current prices.

Click here to access our Economic Calendar

Tunku Ishak Al-Irsyad

Market Analyst – HF Education Office Malaysia

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.

from HF Analysis /331171/
via IFTTT

Oats Futures ( ZOK2022), H1 Potential for Bullish Rise

Type: Bullish RiseKey Levels:Resistance: 695'7Pivot: 664'7Support: 645'7Preferred Case:We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 645'7 which is in line with 161.8% Fibonacci extension.Fundamentals:No major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/oats-futures-zok2022-h1-potential-for-bullish-rise"
via IFTTT

Exxon and Chevron: Q1 earnings forecasts

Exxon Mobil Corporation and Chevron Corporation, two integrated energy giants, are scheduled to report their Q1 2022 earnings  on Friday, April 29, 2022, before the market opens. Following the sharp increase in energy prices in the first quarter, mostly due to the Russian invasion of Ukraine, the market is expecting excellent earnings reports for both companies. Compared to the prior-year quarter, Zacks expects Exxon’s Q1 earnings to grow 48.08% to $87.59 billion from $59.15 billion, its highest earnings since 2015, and the expected return on share to increase 246.15% to $2.25 per share from $0.65 per share.

Meanwhile, the forecast for Chevron’s earnings compared to the same quarter last year is for 45.23% growth to $41.51 billion (from $32.03 billion), but down from $48.13 billion in Q4 2021. Return per share is expected to rise 282.22% at $3.44 per share, the highest in around 10 years.

The earnings report usually only has a short-term impact on the stock price. While the start of Q2 2022 with USOil prices above $100.00 per barrel was a good prospect for oil producers, the appreciation of the US Dollar due to the Fed’s accelerating rate hike in May has put major pressure on oil prices alongside the war in Ukraine, which could affect both the oil supply in the market and the economic recovery. In addition,  Covid-19, will continue to be a drag on the global economic recovery this year.

Technical Analysis

Exxon and Chevron’s share prices have moved differently ahead of the earnings call. This is in line with RBC Capital Markets upgrading Exxon and downgrading Chevron last week. As a result, Exxon’s share price is now able to hold above the 50-day MA, while Chevron’s share price has closed below the 50-day MA for the third day as the pair’s price chart begins to see a continued bearish divergence.

Exxon Mobil Corporation

Overall, #ExxonMobil prices remain optimistic ahead of the Q1 earnings report, with prices now holding above the 50-day MA and MACD remaining above the 0 line with key resistance at the former high of $91.00 and Fibo 161.8 level at $101.30. If earnings do not meet expectations, there will be first support at $75.50 and next at the 200-day MA at $68.00.

#Chevron

The #Chevron short-term outlook is negative. The price is currently below the 50-day MA (but supported by ascending triangle lower trendline) while  the MACD histogram is falling towards the 0 line. A break below trendline and the $147.00 level could retest the Fibonacci extension at 161.8 level at $143.00 and at 261.8 level. The latter confluence with the 200 day MA at the $123.50 zone, while the key resistance is at the previous high at the $175.00 zone.

Click here to access our Economic Calendar

Chayut Vachirathanakit
Market Analyst – HF Educational Office – Thailand

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.

from HF Analysis /331080/
via IFTTT

Market Update – April 28 – USD Dominates with FX Markets in Focus

USDJPY rockets higher 130.00 in the cross-hairs as BOJ leaves main policy steady, to hold 10yr JGB ceiling at 0.25%, JPY clobbered across the board again. AUDJPY back to 92.00, GBPJPY 162.00 EURJPY 136.40. The markets continued to mull the implications of the stand off between the EU and Russia over payment modalities for Russian gas deliveries.

• The front on a gradual ban of Russian oil imports has hardened, as Russia upped the ante, but while the EU urged a united front on Russian demands for ruble payments, the European Commission last week seemed open to companies finding ways to tally Moscow’s demands with the EU’s sanctions against Putin and that is what many companies are doing now. In the end it seems unlikely that gas supplies to the EU will stop immediately, although governments will work even harder to get independent of Russian deliveries as soon as possible.
• The 10-year Treasury yield is down –1.1 bp to 2.82%, while JGBs were supported after the BoJ
• Stocks – ASX lifted 1.2%, the Hang Seng 0.5%, but the CSI 300 is currently down -0.4%, with Covid developments still in focus. US futures are also higher, with a 1.3% rise in the USA100 leading the way.
• Earnings – Strong earnings from Microsoft and Visa. Facebook owner Meta beat Wall Street forecasts and said it had eked out user growth, sending its shares up almost 20% after hours. Microsoft MSFT.O shares rallied as well. Google-parent Alphabet Inc GOOGL.O fell 3.6% as slowing YouTube ad sales pushed quarterly revenue below expectations. Boeing Co BA.N dropped 7.5% after it disclosed $1.5 billion in abnormal costs from halting 777X production.
• USDIndex the main leader, at 103.70 highs.
• Oil is currently trading at $101.08, with yesterday’s gains already erased. – China’s capital Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the city’s 22 million residents embarked on more COVID-19 mass testing aimed at averting a Shanghai-like lockdown.
• Gold drifts to $1885.
• FX markets – Developments are hurting the EUR, which has dropped below 1.0500, while EURGBP fell towards the 0.8394 mark. GBPUSD is also under pressure though amid general dollar strength. AUD and NZD were on the ropes as worries about a recession in Europe and a slowdown in China engulfed risky assets and overwhelmed the promise of rising interest rates at home.

Today – Inflation reports for Germany and Spain are due today, as well as confidence data for Italy.

Biggest FX Mover @ (07:30 GMT) CADJPY (+1.68%) Breached 101.90. MAs pointing higher, MACD signal line & histogram moving higher, RSI at 82, all signalling further boost in the neat term. H1 ATR 0.277, Daily ATR 1.15.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.

from HF Analysis /331066/
via IFTTT

Daily Market Outlook, April 28, 2022

Daily Market Outlook, April 28, 2022 Overnight Headlines Australia Banks Pull Forward Hike Calls After Inflation Surprise China Cabinet Split Over Opening Stimulus ‘Flood Gates’ Treasury Yields Extend Slide Amid Signs Of Extreme Bearishness Deutsche Bank Sees 5%-6% Fed Target Rate And U.S. Recession Euro Falls To Five-Year Low Against Dollar As Growth Risks Eyed Oil Rises On Russia Gas Tension, China Stimulus Hopes Stocks Extend Sell-Off, Dollar Firm On Global Growth Fears Microsoft Waves Off Macroeconomic Worries With Bullish Forecast Alphabet’s Earnings Decline As YouTube Revenue DisappointsThe Day Ahead .Asian equity markets are mostly up this morning although Chinese indices are down. Some positive news for the US tech sector has been cited as support. Pledges of economic support from China alongside signs that the Covid outbreaks in Shanghai and Beijing may be stabilising have also helped boost sentiment. These seem to have outweighed concerns about Russian intentions regarding gas exports. US President Biden will speak about Ukraine today. The Bank of Japan left monetary policy unchanged today and generally maintained a ‘dovish’ stance with its latest update. Today’s German consumer price data for April will provide some clues on tomorrow’s update for the Eurozone as a whole. Annual inflation is expected to fall modestly from March’s level, although on a EU-harmonised basis it is expected to be unchanged. Look for tomorrow’s reading for the Eurozone to show a fall. Meanwhile, Eurozone economic confidence data for April will provide an update on the impact of the Ukrainian crisis on sentiment in the region. The first estimate of US Q1 GDP is expected to show a sharp slowdown in annualised quarterly growth to 1.3% compared with 6.9% in Q4, due to a combination of weaker inventory growth and strong import growth. However, the domestic final demand component is expected to grow more strongly than in Q4, and overall GDP growth is forecast to accelerate in Q2. This morning’s monetary policy announcement from the Swedish Riksbank is not expected to result in an immediate change in interest rates. However, recent comments from the central bank’s head suggests that they may now be close to hiking interest rates. That has led to speculation that rates may be raised following the next meeting on 30th June. Today’s update will be watched for a signal that this is likely, while in the meantime a reduction in its asset purchase programme is expected to be announced. The Lloyds Bank Business Barometer ‘s April update will be released early Friday. In March, it showed the biggest fall in business confidence since the early days of the pandemic. Confidence was down in three-quarters of the UK’s regions and nations, and across all sectors. Both pay and price inflation pressures continued to build, reflecting a tight labour market and pressure to pass on higher costs. Ahead of next week’s monetary policy update from the Bank of England, the data will be watched for any signs that these pressures are easing.FX Options Expiring 10am New York Cut EUR/USD: 1.0650 (309M), 1.0700 (567M) USD/JPY: 128.00 (405M), 129.00 (220M), 129.25 (250M) AUD/USD: 0.7060 (225M), 0.7080 (299M), 0.7100 (361M) 0.7150 (205M), 0.7250 (241M), 0.7400 (1.36BLN) NZD/USD: 0.6540-50 (402M). EUR/GBP: 0.8405-15 (293) USD/CAD: 1.2650-60 (1.9BLN), 1.2700 (401M), 1.2750-60 (831M) 1.2770-75 (490M), 1.2800 (261M), 1.2860 (387M) EUR/CHF: 1.0295 (213M)Technical & Trade ViewsEURUSD Bias: Bearish below 1.0950 Bullish above Testing Wednesday low as USD buying continues in Asia EUR/USD opened -0.73% at 1.0559 after USD broadly moved higher It came under pressure when USD/JPY moved up early and traded to 1.0530 USD firmed again late morning when USD/CNH surged and EUR/USD fell through 1.0520 Heading into the afternoon it is close to the session low at 1.0512 Talk of a 1.0500 option barrier may discourage aggressive selling There isn't any decent support ahead of the 2017 low at 1.0340 Only a break above the 10-day MA at 1.0729 would ease downward pressureGBPUSD Bias: Bearish below 1.30 Bullish above. GBP/USD trades below 1.25 for first time since July 2020 Cable hit new 21-month low of 1.2492 at 0544 GMT after breaking below 1.25 1.2535 = subsequent rally high, courtesy of some profit-taking on shorts GBP/USD was above 1.30 before UK retail sales data miss last Friday Safe-haven USD supported by geopolitical news and Fed expectations Putin warns West of lightning retaliation for intervention in UkraineUSDJPY Bias: Bullish above 125 Bearish below USD/JPY through 130.00 option barriers, big question looms Afternoon Asia trade sees USD/JPY break above 130.00, to 130.27 EBS Large option barriers at 130.00 knocked-out, stops above tripped Question on most minds where will Japanese officials draw the line Many spec targets achieved, threat of actual intervention towards 135? Speed of JPY weakness, volatile market not lost on Japan official-dom More option barriers tipped every 50 ticks from 130.50 USD/JPY highest since 133.84 in Apr 2002AUDUSD Bias: Bullish above .7300 Bearish below Under pressure as USD strengthens led by USD/JPY AUD/USD opened unchanged at 0.7126 after topping out at 0.7190 After trading at 0.7127 it eased to 0.7110 as USD remained in broad demand Buoyant risk assets encouraged some buying but sellers above 0.7120 capped A jump higher in USD/CNH sent AUD/USD lower again and it fell below 0.7110 AUD/USD traded 0.7097 before settling 0.7105/10 into the afternoon There is minor support at the Feb 24 low at 0.7094 Next level of decent support is at the 2022 low at 0.6967 Resistance is at the 10-day MA at 0.7273 and 200-day MA at 0.7295 AUD/USD vulnerable while global growth concerns persist

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-april-28-2022"
via IFTTT

Indonesia aims to step up its economic growth

Indonesia's economic growth has lagged that of neighbours such as the Philippines and Vietnam. But soaring commodity prices could change that.

from Moneyweek RSS Feed https://moneyweek.com/investments/stockmarkets/emerging-markets/604776/indonesia-aims-to-step-up-its-economic-growth
via IFTTT

Why food and fuel subsidies will push up debt

Many governments have adopted subsidies or tax breaks to shield households and businesses from rising food and fuel prices. But that's just causing government deficits and debt to balloon.

from Moneyweek RSS Feed https://moneyweek.com/economy/global-economy/604775/why-food-and-fuel-subsidies-will-push-up-debt
via IFTTT

The bond-market bloodbath isn’t over yet

The bond-market sell-off isn’t done by along chalk – rising interest-rates could yet push yields higher.

from Moneyweek RSS Feed https://moneyweek.com/investments/bonds/government-bonds/604774/the-bond-market-bloodbath-isnt-over-yet
via IFTTT

The truth about market manipulation

Free, fair and transparent markets are a fiction. Investors need to be alert to the flaws, says Jonathan Compton.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/604766/the-truth-about-market-manipulation
via IFTTT