GBPUSD Post-FOMC price trends in USDAlong with this, the Bank of England will make a Super Thursday interest rate decision, so the latest forecasts will be updated accordingly. GBP/USD continues in a similar situation to earlier this week, when the price held high and low support after testing the Fibonacci levels last Thursday. This level is 1.2073, which is a higher low than the previous swing low in October.
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GBPCAD Canadian Recession? Not So FastI think the market understands everything better than some media reports. Canada's two-year bond yield has remained unchanged since just before the release of GDP estimates. They have outperformed on the US front end, with strong US data, including a positive surprise in the Employment Cost Index, driving higher two-year returns. This was the largest repeat increase in house prices. It's been a month since May , extending his winning streak to 6 months. U.S. consumer confidence also beat expectations, including his slightly higher inflation expectations for the year. The USD recovered after all the US data on a DXY basis, which was the main reason why the Canadian dollar fell after the combined US and Canadian data.
The Bank of Japan is considering adjusting YCC to allow 10-year According to the Nikkei Shimbun, which correctly warned just before the Bank of Japan's last YCC adjustment, after several YCC adjustments, the Bank of Japan realized that it was once again in a trap, and the Japanese government "may take 10 years" It seems that further adjustment is required. It's now possible. ``Bond yields are expected to exceed 1%'' at Tuesday's policy meeting.
Long-term interest rates are currently capped at 1%, and the central bank conducts unlimited fixed-rate purchases to keep yields below that level, weakening the yen and further increasing inflation.
GBPCAD Strong upward trendThe Bank of England predicted this week that the UK economy is likely to weaken in the months leading up to the next general election, raising concerns about Chancellor Rishi Sunak's government.
The central bank's Monetary Policy Committee will cut its gross domestic product estimates for the second half of this year and early 2024 after surveys and official data suggested an increasing risk of recession.
GBPJPY Ueda faces risk of market collapse as Bank of Japan weighMr. Kazuo Ueda of the Bank of Japan is in a predicament. If he sticks to policy this week, there is a risk that the yen will fall to a 10-year low and the yield control program will come under attack from speculative markets.
If the Governor simultaneously raises the upper limit of 10-year yield curve control, either explicitly or implicitly, the Governor could raise long-term interest rates to levels that are inconsistent with economic fundamentals, which is the Governor's goal. The achievement of stable inflation would be at risk.
In a sign of how tense the monetary policy debate will be, BOJ officials are likely to monitor developments in yields right before deciding whether to adjust the YCC, the people said.
GBPUSD The downtrend is clearly formed through charts and news
The British pound initially attempted to recover during the week, but gave up gains near the crucial 1.2350 level. At this point, GBP is likely to remain under downward pressure and could fall to the 1.1850 level. Looking ahead, we believe the 1.2350 level will be an important resistance barrier, and if we manage to break below the 1.20 level, it will actually pave the way for the 1.1850 level. Of all the major currencies, the US dollar makes the most sense at the moment.
HAL Halliburton Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HAL Halliburton Company prior to the earnings report this week,
I would consider purchasing the 42usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
INTC Intel Corporation Options Ahead of EarningsIf you haven`t bought the Double Bottom on INTC here:
Then analyzing the options chain and the chart patterns of INTC Intel Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.56.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MSFT Microsoft Corporation Options Ahead of EarningsIf you haven`t bought MSFT after they revealed a 49% Stake in OpenAI creator of ChatGPT:
Then analyzing the options chain and the chart patterns of MSFT Microsoft Corporation Options prior to the earnings report this week,
I would consider purchasing the 350usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $6.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GBPCAD Opposite currency pairs. That helps exchange rates increaThe Real-time Local Business Conditions Index is launched as an experimental statistic to degree enterprise pastime in actual time at some point of the COVID-19 pandemic and beyond. The index tracks enterprise situations in Abbotsford, Barrie, Calgary, Edmonton, Guelph, Halifax, Hamilton, Kanata, Kelowna, Kingston, Kitchener, London, Milton, Moncton, Montréal, Oshawa, Ottawa–Gatineau, Québec, Regina, Saskatoon, Sherbrooke, St. Catharines–Niagara Falls, St. John`s, Toronto, Trois-Rivières, Vancouver, Victoria, White Rock, Windsor, and Winnipeg.
A growing index displays enhancing enterprise situations in an city centre, at the same time as a declining index indicators deteriorating enterprise situations.
The index has 3 additives that integrate opportunity information reassets with Statistics Canada's information holdings: the primary is a static factor to degree the financial length of a enterprise district on the nearby level; the second one tracks working situations of the agencies in a given region; and the 0.33 measures the extent of enterprise pastime withinside the region the usage of avenue visitors information.
Next release
Data on actual-time nearby enterprise situations for October sixteen to 22 might be launched on October 27.
GBPUSD UK experiencing stagflationThe pound exchange rate experienced considerable turmoil last week following the release of weak statistics. The latest blow was Friday's lower-than-expected retail sales and the result of a by-election. I'm not sure if UK politics is playing a big role at the moment so I won't delve into that right now, but last week's retail sales figures spoke for themselves, especially after inflation was higher than expected. What the data actually shows is that inflation in the UK is not currently driven by demand. Therefore, we see a drop in demand and a rise in prices, which is known as stagflation. This puts the BoE in a difficult position, as it is not as simple as raising interest rates to curb inflation, and other factors need to be considered. The Bank of England's decision in November is expected to leave interest rates at least on hold, but a modest 25 basis point rise is also expected.
GBPUSD news and developmentsThe manager turns to consider developments in the financial markets in the time between meetings. US data releases generally point to a stronger economic recovery than previously thought, and the market price reaction implies both a higher expected trajectory for policy rates in the near term. longer and long-term insurance premiums are higher. Policy-sensitive rates increased moderately, and longer-maturity rates showed larger increases.
BB BlackBerry Limited Options Ahead of EarningsIf you haven`t bought BB here:
Then analyzing the options chain and the chart patterns of BB BlackBerry prior to the earnings report this week,
I would consider purchasing the 5.50usd strike price Calls with
an expiration date of 2023-10-13,
for a premium of approximately $0.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SFIX Stitch Fix Options Ahead of EarningsIf you haven`t sold SFIX here, after disappointing earnings:
Then analyzing the options chain and the chart patterns of SFIX Stitch Fix prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price in the money Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.48.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
RH Options Ahead of Earnings If you haven`t bought RH here:
Then analyzing the options chain and the chart patterns of RH prior to the earnings report this week,
I would consider purchasing the 320usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.98.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CTLT Catalent Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CTLT Catalent prior to the earnings report this week,
I would consider purchasing the 40usd strike price in the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $8.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LULU Lululemon Athletica Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LULU Lululemon Athletical prior to the earnings report this week,
I would consider purchasing the 390usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $25.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PAGS PagSeguro Digital Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PAGS PagSeguro Digital prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DKS DICK'S Sporting Goods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DKS DICK'S Sporting Goods prior to the earnings report this week,
I would consider purchasing the 147usd strike price Calls with
an expiration date of 2023-8-25,
for a premium of approximately $4.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CAVA Group Options Ahead of EarningsCAVA is a restaurant chain that is not profitable, yet valued at $5.5 Billion market cap.
Despite the recent analysist upgrades, I think it`s extremely overvalued and will soon reach the IPO price.
Analyzing the options chain and the chart patterns of CAVA Group prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TELL Tellurian Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TELL Tellurian prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SNPS Synopsys Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week,
I would consider purchasing the 400usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $6.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
GOLD Barrick Gold Corporation Options Ahead of EarningsIf you haven`t bought GOLD prior to the Double Top:
Then analyzing the options chain and the chart patterns of GOLD Barrick Gold Corporation prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.96.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.