Fundamental Analysis

USA500 Strikes up from Monday lows

USA500, H1

US shopper confidence has fallen to 120.2 from 126.6 in January, 128.1 in December and a previous 18-year excessive of 137.9 in October. Expectations had been for a slip to 125.00, 120.2 represents a big miss for this notoriously unstable comfortable indicator. The Greenback slipped decrease following the weaker than anticipated shopper confidence print. EURUSD topped at 1.1425 from close to 1.1415, whereas USDJPY edged a couple of factors decrease to 109.41.

Equities continued to trace greater right now, with the USA500 touching the important thing 2650.00 stage. Incomes outcomes right now embrace:- Harley-Davidson, which posted a -68.5% miss for Earnings Per Share (EPS) that had been anticipated at $zero.33 and got here in at solely $zero.17. Additionally they reported that tariffs worn out all earnings. The opposite massive miss right now got here from SAP with EPS down Higher information got here from Xerox, which posted an EPS beat of 9.6%, Pfizer a three.2% beat and Corning with a 20.four% beat. Different constructive numbers got here from Verizon, 3M and Lockheed Martin.

Earlier, NEC Director Kudlow mentioned in a Fox Enterprise interview that Trump is “reasonably optimistic” on a China deal. He additionally famous it’s doable that we’ll see no impression in the long term from the shutdown (and we notice that prior shutdowns have by no means been clearly recognized prior to now). Kudlow additionally mentioned he’s a contented warrior, an optimist, and sees no recession forward. Whereas earnings will not be going to rise the 25% seen beforehand, expectations are for about 10% to 15% progress, whereas rates of interest are traditionally low.

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Stuart Cowell

Head Market Analyst


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With over 25 years expertise working for a bunch of worldwide acknowledged organisations within the Metropolis of London, Stuart Cowell is a passionate advocate of preserving issues easy, doing what’s possible and understanding how the information, charts and sentiment work collectively to offer buying and selling alternatives throughout all asset lessons and all time frames.

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