Forex News 24

Intuitive Surgical Earnings: ISRG Stock Sinks on Q1 Profit Miss Intuitive Surgical Earnings: ISRG Stock Sinks on Q1 Earnings Miss
History Suggests the Stock Market Will Climb in the Weeks After Easter
8 Happy Easter Images to Post on Facebook, Twitter and Instagram 8 Happy Easter Images to Post on Facebook, Twitter and Instagram
Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices
5 Must-See Stock Charts for Monday: CGC, PINS, NVTA, UNP, BX
What Could Collapsing Currency Volatility Spell for the Forex Market?
Why You Should Buy and Hold American Express (AXP) Stock
US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD
April 18, 2019 : GBP/USD Intraday technical analysis and trade recommendations.
Netflix Earnings Fuel the Battle Over NFLX Stock

Intuitive Surgical Earnings: ISRG Stock Sinks on Q1 Profit Miss Intuitive Surgical Earnings: ISRG Stock Sinks on Q1 Earnings Miss

Posted: 18 Apr 2019 02:21 PM PDT

Intuitive Surgical (NASDAQ:ISRG) unveiled its latest quarterly earnings results after the bell today, amassing mostly disappointing results as both earnings and revenue were below what Wall Street called for in its consensus estimate, playing a role in ISRG stock sinking late in the day.

The Sunnyvale, Calif.-based maker of robotic surgical products designed to improve patient outcomes said that for its first quarter of its fiscal 2019, it amassed net income of $306.5 million, or $2.56 per share. This figure marked a 6.6% gain over the profit it tallied during the same period in its fiscal 2018, which came in at $287.6 million, or $2.44 per share.

On an adjusted basis, Intuitive Surgical said it brought in earnings of $2.61 per share, which was weaker than the Wall Street consensus estimate. Analysts who were surveyed by FactSet reached an average adjusted earnings guidance of $2.70 per share for the company's first quarter.

The medical robotics business added that it raked in sales of $973.7 million, marking a 14.9% improvement over the $847.5 million in revenue it had during its first quarter of 2018. Wall Street was calling for Intuitive Surgical to compile sales of $975.3 million for the period, also according to data compiled from a survey conducted by FactSet.

ISRG stock had been increasing about 0.6% during regular trading hours as the company geared up to report its results for its latest quarter. However, an earnings and sales miss caused Intuitive Surgical's shares to decline roughly 6.3% after the bell on Thursday.

Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

History Suggests the Stock Market Will Climb in the Weeks After Easter

Posted: 18 Apr 2019 02:19 PM PDT

Stock Market Talking Points:

The S&P 500 has a list of favorable statistics behind it as traders enter the long holiday weekend
Since 1989, the S&P 500 has – on average – finished higher 60% of the time in the month after Easter
Concerned about the quarter ahead? Check out our free Second Quarter Equity Forecast along with outlooks for the US Dollar, Gold price and more

History Suggests the Stock Market Will Climb in the Weeks After Easter

After the S&P 500 posted its largest first quarter return since 1998 at the end of March, many market participants were skeptical the rally could continue. Now that the index is within 2% of all-time highs, investors are wary of another stock market crash with February and October 2018 fresh in their minds.

Thankfully for bulls, the near record-breaking first quarter may have set the index up for success.

S&P 500 First Quarter Returns

Apart from 1Q 2019, there have only been two other first quarters in the last 30 years that have returned higher than 13%. The first quarter of 1991 is one such instance and offered the largest first quarter return for the index since 1989. In the following three quarters, the S&P 500 climbed another 10.95% with an average quarterly return – excluding 1Q – of 3.65%. In total, the S&P 500 boasted a 24.58% return heading into 1992.

1998's first quarter narrowly missed the return in 1991 but would eventually surpass the annual return offered in 1991. From the beginning of the second quarter to the end of 1998, the S&P 500 climbed 13.48% – with an average quarterly gain of 3.49% and an absolute average of 11.36%. Including the historically strong start to the year, the index ended 27.01% higher than it opened that year.

To expand the data set, average quarterly returns following a first quarter return above 10% are good for a 3.07% gain. While not quite as robust, an important takeaway is that every year with a first quarter return above 10% has closed higher for the year and higher than the end of the first quarter- suggesting the year's strength was somewhat widespread.

Use IG Client Sentiment Data to gauge how retail traders are positioned on the S&P 500, Dow Jones, Gold and more.

If the S&P 500 is to follow in the footsteps of history, it could bear to lose around 2.3% before the year is over and still maintain the trend from 1989. But if bulls intend to keep pace with the average Q2-Q4 growth following years with first quarter growth above 10%, the index will need to grow another 8.4% before 2019 concludes.

S&P 500 Returns Following Easter Sunday

Such a pace will be difficult to maintain, especially with heightened recession fears and signs that the index is petering out near prior tops. However, if history is any indication, the weeks following Easter Sunday may serve to reignite the S&P 500's rally.

Return calculated from Holy Thursday's closing price to closing price of following Friday

Since 1989, the S&P 500 has seen a positive return during the week following Easter Sunday in 18 of 30 (60%) instances – good for an average weekly return of 0.34%. The week of Easter Monday in 2001 offered the highest return in that timeframe – well above the absolute average move of 1.51%. Similarly, the month following Easter has also offered positive returns for the S&P 500 on average.

Return calculated from Holy Thursday's closing price to the S&P 500's closing price four Friday's later

In the four weeks following Holy Thursday's close, a familiar 60% of instances witnessed growth, including six consecutive years. That said, the variability of returns is understandably greater. On average, the S&P 500 grew 1.09% in the month following Easter, with an average absolute change of 2.97%.

As traders head home for the holiday weekend, the historical performance of the weeks ahead offers a glimmer of hope for continued equity strength in 2019. While past performance is by no means indicative of future results, a statistical observation of the weeks ahead favors the bull.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide.

2019-04-18 20:30:00

Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.

8 Happy Easter Images to Post on Facebook, Twitter and Instagram 8 Happy Easter Images to Post on Facebook, Twitter and Instagram

Posted: 18 Apr 2019 01:40 PM PDT

<br /> 8 Happy Easter Images to Post on Facebook, Twitter and Instagram 8 Happy Easter Images to Post on Facebook, Twitter and Instagram | InvestorPlace

We are three days away from the holiday

By Karl Utermohlen, InvestorPlace Writer

Apr 18, 2019, 4:23 pm EDT

April 18, 2019

We have compiled eight happy Easter images to bring you joy on one of the biggest holidays in the U.S. and around the world.

The Christian holiday is designed to honor the sacrifice and crucifixion of Jesus Christ on Good Friday, which is followed by his resurrection and the salvation of mankind on Easter Sunday. More importantly, the day is often considered to be a great time to get the family together and have a feast that our ancestors would've been proud of.

Over the next few slides, we have chosen images that represent what the Easter spirit is all about for you to share on social media with your friends and family. Pick your favorite (or favorites) and pass them along in this most glorious of holidays.

Happy Easter!

Happy Easter

Happy Easter

Article printed from InvestorPlace Media, https://investorplace.com/2019/04/happy-easter-images-4/.

Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices

Posted: 18 Apr 2019 01:38 PM PDT

Talking Points:

– Brexit is out of the headlines for now thanks to the Easter holiday. All of that will change next week when UK parliament reconvenes on April 23.

– Cross-party talks between Labour and Tory leadership appear doomed to fail; a general election may be around the corner.

– Recent positioning changes draw into question the British Pound's ability to sustain anything more than a short-term relief rally.

Looking for longer-term forecasts on the British Pound? Check out the DailyFX Trading Guides.

Traders have been able to ignore the Brexit mess for the past few days, particularly as UK parliament is out of session until April 23 due to the Easter holiday. But as the end of the week comes into focus – tomorrow is effectively the last day for Europe, given the closure for Good Friday – traders should start thinking about what will come next in the Brexit process once markets resume full steam ahead after Easter Monday.

Next Steps in the Brexit Timeline: April

By the end of April: Now that the European council has agreed to extend the Brexit deadline to October 31, 2019 with a check-in at the end of June, UK Prime Minister Theresa May and Labour party leader Jeremy Corbyn have continued cross-party talks. The goal is to find enough common ground to whip the votes for the EU-UK Withdrawal Agreement to pass through UK parliament. Early indications from both Labour and Tory party officials suggest that the talks will result in very little.

If 'no' cross-party deal (most likely outcome): Tory party leader May could step down as prime minister. If so, this would trigger a new Tory party leadership election in May. If UK PM May does not resign, the Labour party would likely take other steps in May.

If 'yes' cross-party deal: A cross-party deal could take two different forms. On one hand, it could mean that there is enough cross-party support for a 'soft Brexit,' something that hasn't come together in any of the indicative votes put forth in parliament yet. On the other hand, a cross-party deal could be an agreement for a second referendum on the Brexit vote altogether.

Next Steps in the Brexit Timeline: May

If Theresa May Resigns: If May has resigned as PM, the Tory party would hold new leadership elections, very likely seeing a 'hard Brexiteer' come to power. In turn, moderate Tories could leave the party, leaving the Tories without enough support for a governing majority. Without a governing majority, a general election would need to be called.

If Theresa May Does Not Resign: If UK PM May does not resign, it is likely that the Labour party brings forward a no confidence vote forward. If the vote succeeds, then a general election would need to be called. If the vote fails, then odds are extremely high that no progress will be made by the end of June check-in with the EU.

By May 22: If there are enough votes to get the EU-UK Withdrawal Agreement passed through UK parliament, ensuring a 'soft Brexit,' UK parliament will need to ratify the EU-UK Withdrawal Agreement by May 22 to avoid European elections. If the UK parliament fails to ratify the EU-UK Withdrawal Agreement, then the UK will have to partake in European parliamentary elections.

British Pound Positioning Paints Mixed Picture

The lack of clarity about what could happen over the next few weeks has provided little relief for traders; that the British Pound hasn't rallied during a time when volatility readings have been depressed is a cause for concern. Recent changes in positioning across the GBP-crosses suggests that if prices do rally, the nature of the rally will be a short-term relief rally; more evidence is required to determine whether or not GBP-crosses are bottoming out in tandem.

IG Client Sentiment Index: GBPUSD Price Forecast (April 18, 2019) (Chart 1)

GBPUSD: Retail trader data shows 75.3% of traders are net-long with the ratio of traders long to short at 3.06 to 1. In fact, traders have remained net-long since Mar 26 when GBPUSD traded near 1.3205; price has moved 1.5% lower since then. The percentage of traders net-long is now its highest since April 8 when GBPUSD traded near 1.30594. The number of traders net-long is 8.8% higher than yesterday and 17.9% higher from last week, while the number of traders net-short is 12.9% lower than yesterday and 23.1% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.

IG Client Sentiment Index: GBPJPY Price Forecast (April 18, 2019) (Chart 2)

GBPJPY: Retail trader data shows 54.1% of traders are net-long with the ratio of traders long to short at 1.18 to 1. The percentage of traders net-long is now its highest since April 10 when GBPJPY traded near 145.204. The number of traders net-long is 11.1% higher than yesterday and 11.9% higher from last week, while the number of traders net-short is 23.4% lower than yesterday and 6.9% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPJPY-bearish contrarian trading bias.

IG Client Sentiment Index: EURGBP Price Forecast (April 18, 2019) (Chart 3)

EURGBP: Retail trader data shows 42.3% of traders are net-long with the ratio of traders short to long at 1.36 to 1. In fact, traders have remained net-short since April 5 when EURGBP traded near 0.85835; price has moved 0.7% higher since then. The number of traders net-long is 10.0% higher than yesterday and 8.4% lower from last week, while the number of traders net-short is 13.1% lower than yesterday and 11.9% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURGBP prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURGBP trading bias.

FX TRADING RESOURCES

Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

— Written by Christopher Vecchio, CFA, Senior Currency Strategist

To contact Christopher Vecchio, e-mail at cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

View our long-term forecasts with the DailyFX Trading Guides

2019-04-18 13:00:00

5 Must-See Stock Charts for Monday: CGC, PINS, NVTA, UNP, BX

Posted: 18 Apr 2019 01:03 PM PDT

It's the same action that we've had for much of this week. Stocks press lower near the open only to recover by lunch and push higher in the afternoon. The gains aren't remarkable, but the bulls' resilience is something to take note of. The sector rotation underway also remains astounding. On that note, let's look at a few must-see stock charts for Monday.

Remember, the U.S. markets are closed tomorrow for Good Friday.

Must-See Stock Charts for Monday #1: Invitae

Above is the daily chart for Invitae (NASDAQ:NVTA) and below is the weekly. This morning on Twitter, I pointed out that NVTA could post a sweet bounce, but I didn't think it would be this vicious.

Shares ripped off of the 10-week and 50-day moving averages, gaining almost 8% from today's lows. This is definitely one to watch next week to see if the momentum can continue.

I would have loved to buy NVTA at $21, but over $22 and NVTA could be primed for more upside.

Must-See Stock Charts for Monday #2: Blackstone

Blackstone (NYSE:BX) delivered a strong earnings report and announced it will switch from a partnership to a corporation. Anyone ever own BX before? I have and waiting for a K-1 form that doesn't usually come until April is a pain the you-know-what. Switching to a corporation will make sense for the business and potentially make its stock more attractive to investors. Plus it has a monster yield.

Could that cause a further breakout? Perhaps. Over $38 is encouraging for more upside, with long-term uptrend resistance not playing a role until the $40s. Below $38 and bulls may need to let BX reset. Above and it's okay.

Must-See Stock Charts for Monday #3: Canopy Growth

An explosive couple of days have put Canopy Growth (NYSE:CGC) back on the radar. But if the strong rally on Wednesday and Thursday proved anything to me, it's how tough of resistance $38 is.

I'm watching CGC next week to see if the stock can pierce this level. If it can, it would be very bullish to see CGC find $38 as support. As long as it holds $44, CGC should be good on the long side.

Must-See Stock Charts for Monday #4: Union Pacific

Better than expected earnings propelled Union Pacific (NYSE:UNP) to new 52-weeks high on Thursday. There sure are a lot of bearish calls out there despite so many names hitting new annual highs.

Anyway, as long as UNP stock holds $160 next week, the bull case still looks strong. A pullback to the 10-week moving average that holds as support can be bought, while a run to channel resistance is possible over the intermediate term.

Must-See Stock Charts for Monday #5: Pinterest

The Pinterest (NYSE:PINS) and Zoom (NASDAQ:ZM) IPOs got off to a much better start than Lyft (NASDAQ:LYFT) did, currently up 30% and 75% on the day, respectively.

For investors, there a lot less volatile plays out there than these fresh IPOs. But if you have to play them, investors at least have the IPO day range to work with. A red-to-green open on Monday could draw in more buyers for PINS, while a push through the highs could ad even more momentum to the name.

If it's too short term for you, don't have any regrets about giving it more time to base. (Here are 13 things to know about the Pinterest IPO).

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVTA.

What Could Collapsing Currency Volatility Spell for the Forex Market?

Posted: 18 Apr 2019 01:02 PM PDT

CURRENCY MARKET VOLATILITY – TALKING POINTS:

Forex traders have witnessed currency price action seemingly evaporate from the market as macroeconomic risks such as Brexit and the US-China Trade War appear to have subsided
While several uncertainties appear to have moved to the backburner, it is probable that volatility will eventually flare up again and even more likely to occur during periods of low liquidity as is typical around global holidays
Check out this article for information on the Top 10 Most Volatile Currency Pairs and How to Trade Them

Forex market volatility has cratered to lows not seen in years. In fact, the Cboe Currency Volatility Index for the Euro, Yen, and British Pound have all plunged to their lowest levels on record since the financial instruments began trading in 2015.

EURO, YEN, AND STERLING VOLATILITY INDEX PRICE CHART: WEEKLY TIME FRAME (JANUARY 12, 2015 TO APRIL 18, 2019)

Although British Pound price action was on the rise as Brexit uncertainty sent the Sterling swinging in response to the latest headline, delaying the UK's departure date to October 31 has sent GBPUSD implied volatility nose-diving.

Rebounding market optimism with the help of central bank dovishness subsequent to last year's widespread selloff has similarly contributed to the collapse in volatility for the Euro and Yen.

EURUSD PRICE CHART: WEEKLY TIME FRAME (JUNE 23, 2013 TO APRIL 18, 2019)

EURUSD's average-true-range has dropped to a mere 14 pips which is the metric's lowest reading since September 8, 2014. Although, the last time spot EURUSD price action was this muted, currency traders subsequently experienced a sharp return in volatility between August 2014 and June 2015.

USDJPY PRICE CHART: WEEKLY TIME FRAME (JUNE 23, 2013 TO APRIL 18, 2019)

Likewise, the average-true-range for USDJPY has also collapsed to its lowest level since September 8, 2014. However, similar to the proverbial law of physics 'what goes up must come down,' volatility can only stay so low for so long before a catalyst emerges that sparks a significant market move.

The most recent occurrence of this was at the beginning of the year when Apple lowered its earnings guidance which sent a shockwave across APAC markets and ignited a currency flash-crash in the Japanese Yen.

Now with Brexit delayed for another 6 months, the US-China trade war supposedly coming to an end and rebounding global economic growth expectations, several of the market's largest risks have dwindled. These developments have contributed to the overarching risk rally and has increased the relative attractiveness for currency carry trades due to dissipating uncertainty and related volatility.

That being said, these risks albeit less prevalent are still unresolved. If uncertainty regarding these issues flares up or factor jolts market sentiment and risk appetite, this could just be the 'calm before the storm.'

TRADING RESOURCES

– Written by Rich Dvorak, Junior Analyst for DailyFX

– Follow @RichDvorakFX on Twitter

2019-04-18 19:34:00

Why You Should Buy and Hold American Express (AXP) Stock

Posted: 18 Apr 2019 12:25 PM PDT

Although this year the stock market sentiment is in a much better state, the banks still have their reputation that they cannot hold their rallies. But therein lies part of the opportunity in American Express (NYSE:AXP) stock today.

This round of bank earnings has so far gone much better than the last one. There is some chatter about a sustainable rally in their stocks. On Tuesday we even saw a flip from red to green in stocks like Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM).

This hasn't happened in a while, so perhaps the trend that banks can't hold their greens is dying. If so then this will provide a lift to AXP stock as well.

Moreover, transaction companies like AXP, Visa (NYSE:V), MasterCard (NYSE:MA) and Square (NYSE:SQ) rally in sympathy with money center banks. So if the Financial Select Sector SPDR Fund (NYSEARCA:XLF) rallies then so will the transactors like AXP.

In addition, AXP is an excellent financial stock that has proven over the years that they can manage through adversity. Case in point was the debacle over losing the Costco (NASDAQ:COST) account. The stock suffered for a while but has since set new all-time highs.

I was lucky to ride the last mega breakout in AXP from the December lows. American Express rallied over 25% so today I am trying to catch the next opportunity. Usually, I consider these technical opportunities tactical trades but this one doubles as a long term conviction investment. This is a stock I want to own for the long term.

The reaction this morning is slightly negative from the earnings. Management reported a boring quarter where they barely beat the bottom line and narrowly missed sales. The forward guidance was in line so they gave traders nothing to cheer. So AXP will move in line with the overall equity market for now.

So if this rally in stocks continues, then AXP stock has the opportunity to break out from $114.40 to target another $10 run from there. There will be resistance there but if the bulls can close above it then the bears will be tired so the stock will overshoot higher.

The macroeconomic condition still favors the bullish thesis. We do have threats from lingering headlines of tariff wars. But as we approach another round of elections means that those deals will happen so we go back to trading the profit and loss statements rather than headlines.

Most importantly, the threat from the Federal Reserve inverting the curve has disappeared. They have affirmed that they won't cause the short term rates rise above the long term rates so this relives fears for banks. The steeper the curve the better are their profits.

For American Express stock, the short term price action from the earnings headline is meaningless for the long term. All global transactions will be electronic so the demand on their services will continue to increase. There are only but a few companies that serve this market and they are a global household name. So they are well set to continue to prosper for years.

Then there is the China market opportunity. The U.S. and China are nearing a deal where companies like AXP could have a new opportunity become available in the largest market on the planet.

The short term technical threat for AXP stock is at $108 per share. If the bears push price below it they could target $102 per share. This is not a forecast but it is a scenario that could unfold in the next few weeks. But even then, this won't change the overall opportunity for the long term.

Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits.

US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

Posted: 18 Apr 2019 12:24 PM PDT

Forex Talking Points:

– If you're looking to improve your trading approach, our Traits of Successful Traders research could help. This is based on research derived from actual results from real traders, and this is available to any trader completely free-of-charge.

– If you're looking for a primer on the FX market, we can help. To get a ground-up explanation behind the Forex market, please click here to access our New to FX Trading Guide.

If you'd like to sign up for our webinars, we host an event on Tuesday and Thursday, each of which can be accessed from the below links:

Tuesday: Tuesday, 1PM ET

Thursday: Thursday 1PM ET

US Dollar, EUR/USD, GBP/USD, AUD/USD Talking Points:

Tomorrow brings the Good Friday Holiday, and Monday is Easter, meaning many Western markets will be closed in observance of holidays. But in an ironic twist, many markets began to show breakout tendencies ahead of the weekend despite the fact that much of 2019 trade has been populated by back-and-forth price action.

In this webinar, I tried to take a step back to look at the bigger picture across a series of US Dollar backdrops.

US Dollar Pushes Towards Key Resistance

At the source of many of the current FX moves, the US Dollar has finally began to trade-higher after a general tone of weakness had populated early Q2 trade. As of the Tuesday webinar, the US Dollar was without much to speak of for trends. But that began to shift yesterday and hit fever pitch today as USD bulls pushed prices up to fresh two-week-highs, with price action testing above a descending trend-line connecting the March, April highs.

This makes for a difficult backdrop to plot for USD-strength given the context, and this can keep the door open to a pullback to support in the early-portion of next week, perhaps around the 97.00 level, to look for re-engagement at 97.70.

US Dollar Eight-Hour Price Chart

Chart prepared by James Stanley

EURUSD Breaks Below Bear Flag – but Can Bears Push the Breakout?

Going along with that move of strength in the US Dollar has been a bearish push in EURUSD. The pair has broken below the bear flag formation looked at yesterday, and prices made a quick-run towards longer-running range support from 1.1187-1.1212; and as looked at this morning – that made for a difficult prospect around risk-reward in bearish scenarios.

Similar to the US Dollar above, plotting for fresh breakouts around holiday conditions can be a difficult prospect. This keeps the door open for another support inflection at this key zone. Bearish breakouts can be sought on a push below 1.1175 in the early-portion of next week, and sellers also have the option of looking for a pullback to prior support around 1.1250 to re-open the door for bearish trend strategies.

EURUSD Four-Hour Price Chart

Chart prepared by James Stanley

GBPUSD: Bear Trap Potential Ahead of Holiday Trade

GBPUSD is in a similar spot as EURUSD above, where a longer-term case of digestion has come into focus ahead of the holiday. In GBP/USD, the pair has been building a descending triangle over the past couple of months, with multiple inflections around support from 1.2960-1.3000, while resistance has continued to come-in at lower-highs over the past month. Such a formation will often be approached in a bearish fashion, looking for the motivation that's driven-in sellers at lower-highs to, eventually, take-out the horizontal level of support.

The big question is whether that can happen now as holiday conditions near. This could be a bear trap that traders want to avoid until next week might present a cleaner backdrop for near-term analysis.

GBP/USD Four-Hour Price Chart

Chart prepared by James Stanley

AUD/USD Holds Resistance at Key Fib – Range Continuation or Eventual Bullish Break?

I've been focusing on the range in AUD/USD over the past month and, by and large, that's worked out well. Yesterday saw the top-side of 'r2' come into play at .7206, which is a long-term Fibonacci level, and this has helped to hold the highs in the pair. Prices reacted by dropping 70-pips off of that level but, curiously, as US Dollar strength has run rampant, AUD/USD has seen softening around the lows, with buyers offering support in the prior zone of 'r1' resistance. This can place emphasis on an area from .7113-.7125, looking for buyers to hold up the lows there in order to bring on another resistance test at .7185-.7206.

AUD/USD Four-Hour Price Chart

Chart prepared by James Stanley

To read more:

Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts for Q4 have a section for each major currency, and we also offer a plethora of resources on USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator.

Forex Trading Resources

DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you're looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we're looking at what we're looking at.

If you're looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management.

— Written by James Stanley, Strategist for DailyFX.com

Contact and follow James on Twitter: @JStanleyFX

2019-04-18 19:08:00

April 18, 2019 : GBP/USD Intraday technical analysis and trade recommendations.

Posted: 18 Apr 2019 12:15 PM PDT

On January 2nd, the market initiated the depicted uptrend line around 1.2380.

This uptrend managed to initiate two successive bullish waves towards 1.3200 (Jan. 25) then 1.3350 (Feb. 27) before the bearish pullback brought the GBPUSD pair towards the uptrend on March 8th.

A weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11.

Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD failed to achieve a higher high above the previous top achieved on February 27.

Instead, the depicted recent bearish channel was established.

Significant bearish pressure was demonstrated towards 1.3150 – 1.3120 where the depicted uptrend line failed to provide any bullish support leading to obvious bearish breakdown.

On March 29, the price levels of 1.2980 (the lower limit of the depicted movement channel) demonstrated significant bullish rejection.

This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel as well as the backside of the depicted uptrend line came to meet the pair.

Bearish rejection was anticipated around the mentioned price levels (1.3140-1.3170). However, the GBPUSD bullish pullback failed to pursue towards the mentioned zone.

Instead, significant bearish rejection was demonstrated earlier around the price level of 1.3120.

Hence, Short-term outlook has turned into bearish towards 1.2920-1.2900 where the lower limit of the depicted channel is located.

Trade Recommendations:

Any bullish pullback towards 1.3120-1.3140 should be considered for another SELL entry. TP levels to be located around 1.3100, 1.3020 then 1.2950 – 1.2920.S/L to be located above 1.3170.

The material has been provided by InstaForex Company – www.instaforex.com
2019-04-18 16:48:42

Source link

Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.

Netflix Earnings Fuel the Battle Over NFLX Stock

Posted: 18 Apr 2019 11:41 AM PDT

Everyone should be happy with Netflix (NASDAQ:NFLX) earnings. Proponents and skeptics alike should see the report as confirming their case. The trading in Netflix stock seems to reflect that: NFLX has moved around, but as of this writing is down just 1% after gaining 3% heading into the release.

Netflix Earnings Fuel the Battle Over NFLX Stock

I personally have taken both sides of the trade. I called Netflix stock the best contrarian bet in tech during the market-wide selloff late last year. And I backed off that call in February, after a big bounce and amid rising competition.

The Q1 report isn't enough to move me strongly into either the bull or bear camp. And I suspect that will be true for those investors who more ardently have chosen a side.

The Netflix Earnings Numbers

Fundamentally, Q1 looks like a "good news, bad news" type of quarter. Overall, results were excellent. Adjusted earnings per share of 76 cents came in 19 cents ahead of consensus. Revenue of $4.52 billion snuck just ahead of the average estimate of $4.5 billion.

Guidance for the second quarter, however, was a bit disappointing. Particularly, Q2 EPS was well below expectations, with the company targeting 55 cents against consensus of 99 cents.

The same Q1/Q2 split is seen in the subscriber figures, which I've long argued remain the most important metric here. Q1 figures were impressive: Netflix picked up a record 9.6 million subscribers worldwide, exceeding consensus expectations for both U.S. and international growth. In turn, Q2 numbers look somewhat disappointing: subscriber adds in the five million range would actually slow year-over-year, and are about half a million shy of Wall Street estimates.

Overall, the first half — assuming guidance is reasonably correct — looks to be about what should have been expected. The question is whether that's a good thing for Netflix stock. Shares, after all, have gained 34% this year.

Everybody Wins With NFLX Stock

With a balanced set of pros and cons, traders from all angles are eager to digest the earnings data.

Bulls on Netflix stock will see the report as confirming their thesis that Netflix can, and will, dominate media worldwide. Again, the company added almost 10 million subscribers in just three months. In the seemingly saturated U.S. market, NFLX picked up another 1.74 million subscribers, net. AT&T (NYSE:T) unit DirecTV Now closed 2018 with 1.4 million subscribers, total.

Q2 profit margins do look disappointing, but the company reiterated a healthy 13% operating margin target for the year. And as the shareholder letter noted, the company still is working through price increases not just in the U.S., but Brazil, Mexico and some European countries.

Those increases clearly aren't slowing subscriber growth, let alone shareholder numbers. Ultimately, they should help margins further in coming quarters.

Netflix bears have some ammunition as well. Competition is on the way, most notably from Disney (NYSE:DIS), whose launch of a new (cheap) streaming service was well-received last week. Disney now has majority ownership of Hulu as well, while Amazon.com (NASDAQ:AMZN) still lurks.

Subscriber growth for Q2 is disappointing. The 13% operating margin target requires improvement in the second half. And as bears like to point out, Netflix is burning cash as it develops its content. In fact, the company raised its cash burn target for the year by $500 million, to roughly $3.5 billion.

Against a $157 billion market capitalization, that cash burn seems dangerous, to say the least. It suggests that Netflix is buying its subscriber growth. When that "opportunity" fades — perhaps with help from Disney and Hulu — its user base will start to shrink. That might spell trouble for NFLX stock.

On the Sidelines With Netflix Stock

From here, the report simply isn't quite enough to materially change the case for NFLX. The arguments about cash flow seem somewhat short-sighted: Netflix is investing in content that will pay off for years to come, and simply paying the cost upfront.

Plus, near-term cash flow would be much stronger were it just to license content from Disney, AT&T's WarnerMedia and Comcast (NASDAQ:CMCSA) unit NBCUniversal, and other providers. But the long-term costs would be higher: Netflix would be paying licensee fees in 2026 and 2032 that it won't have to on its own content.

However, valuation here is intense.

Even with Disney stock soaring of late, Netflix's market cap is about two-thirds that of its ostensible rival. NFLX stock trades at 57x 2020 EPS estimates. It's not cheap, or even close. And we saw in Q4 how NFLX responds if market fears rise.

Netflix is an interesting investment, and I see the story as likely to hold for the long-term. But price matters, and unless its earnings wind up leading to a larger decline, Q1 results weren't enough to make Netflix stock compelling just yet.

As of this writing, Vince Martin has no positions in any securities mentioned.

Forex News 24

Forex News 24

Stock Market Talking Points:

History Suggests the Stock Market Will Climb in the Weeks After Easter

S&P 500 First Quarter Returns

S&P 500 Returns Following Easter Sunday

Happy Easter

Happy Easter

Happy Easter

Happy Easter

Happy Easter

Happy Easter

Happy Easter

Happy Easter

Subscriber Sign in

Next Steps in the Brexit Timeline: April

Next Steps in the Brexit Timeline: May

British Pound Positioning Paints Mixed Picture

IG Client Sentiment Index: GBPUSD Price Forecast (April 18, 2019) (Chart 1)

IG Client Sentiment Index: GBPJPY Price Forecast (April 18, 2019) (Chart 2)

IG Client Sentiment Index: EURGBP Price Forecast (April 18, 2019) (Chart 3)

FX TRADING RESOURCES

Must-See Stock Charts for Monday #1: Invitae

Must-See Stock Charts for Monday #2: Blackstone

Must-See Stock Charts for Monday #3: Canopy Growth

Must-See Stock Charts for Monday #4: Union Pacific

Must-See Stock Charts for Monday #5: Pinterest

CURRENCY MARKET VOLATILITY – TALKING POINTS:

EURO, YEN, AND STERLING VOLATILITY INDEX PRICE CHART: WEEKLY TIME FRAME (JANUARY 12, 2015 TO APRIL 18, 2019)

EURUSD PRICE CHART: WEEKLY TIME FRAME (JUNE 23, 2013 TO APRIL 18, 2019)

USDJPY PRICE CHART: WEEKLY TIME FRAME (JUNE 23, 2013 TO APRIL 18, 2019)

TRADING RESOURCES

Forex Talking Points:

US Dollar, EUR/USD, GBP/USD, AUD/USD Talking Points:

US Dollar Pushes Towards Key Resistance

US Dollar Eight-Hour Price Chart

EURUSD Breaks Below Bear Flag – but Can Bears Push the Breakout?

EURUSD Four-Hour Price Chart

GBPUSD: Bear Trap Potential Ahead of Holiday Trade

GBP/USD Four-Hour Price Chart

AUD/USD Holds Resistance at Key Fib – Range Continuation or Eventual Bullish Break?

AUD/USD Four-Hour Price Chart

To read more:

The Netflix Earnings Numbers

Everybody Wins With NFLX Stock

On the Sidelines With Netflix Stock

No comments:

Post a Comment