Results for corporate
2 articles with this tag name
  • Global equities took a severe pounding in today’s trading. For the U.S., concerns over another wave of banking crises seem to take hold of investor’s sense of fear and uncertainty. The Dow was sent down more than 3.0%, while crude prices plummeted nearly 9.0% on the day. With economic data at a minimum for this week, the primary driver in the U.S. will remain to be the flood of corporate earnings. While news has been primarily promising thus far, many are still convinced that this will be the seventh consecutive monthly decline in corporate earnings. Accordingly, the standard risk adverse formation took shape in favor of dollar and yen strength. Crosses bared the brunt of the selling, sending AUD/JPY spiraling down by more than 4.5%.
  • The Tankan survey showed that business sentiment amongst big manufacturers fell to a record low as economic conditions continued to deteriorate. The Large Manufacturers index declined to -58 from -24 the period prior and printing worse than the markets -55 forecast. The gloomy sentiment reflected the very tough operating conditions for Japanese corporations whose margins are squeezed both by massive collapse of global demand and by the persistent high valuation of the yen.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
GBP/JPY
Medium term



Sell Sell at 139.2700
Stop at 140.39
Target at 137.58
GBP/JPY
Short term



Sell Sell at 139.1200
Stop at 139.82
Target at 137.51
GBP/USD
Medium term



Sell Sell at 1.5284
Stop at 1.5372
Target at 1.5151
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3678
  • 1.3689
  • 1.3677
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.5060
  • 1.5071
  • 1.5056
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.62
  • 90.70
  • 90.60
USD/JPY
5 min chart
  • OIL
  • up
  • 82.29
  • 82.34
  • 82.24
CLJ0
5 min chart
  • GOLD
  • down
  • 1110.5
  • 1111.3
  • 1109.3
.GOLD
5 min chart
  • US Stocks
  • up
  • 10603
  • 10607
  • 10602
.US30
5 min chart
  • UK Stocks
  • up
  • 5628.0
  • 5631.5
  • 5627.5
.UK100
5 min chart
  • DEM Stocks
  • up
  • 5944.7
  • 5947.1
  • 5944.1
.DE30
5 min chart
  • JP Stocks
  • down
  • 10718
  • 10756
  • 10718
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3678
  • 1.3689
  • 1.3677
5 min chart
  • GBP/USD
  • up
  • 1.5060
  • 1.5071
  • 1.5056
  • USD/JPY
  • down
  • 90.62
  • 90.70
  • 90.60
  • USD/CHF
  • down
  • 1.0686
  • 1.0688
  • 1.0680
  • USD/CAD
  • up
  • 1.0245
  • 1.0245
  • 1.0233
  • AUD/USD
  • down
  • 0.9155
  • 0.9158
  • 0.9145
  • NZD/USD
  • up
  • 0.6993
  • 0.6997
  • 0.6985
  • USD/MXN
  • down
  • 12.5592
  • 12.5642
  • 12.5592
  • EUR/JPY
  • down
  • 123.95
  • 124.13
  • 123.91
  • GBP/JPY
  • down
  • 136.47
  • 136.67
  • 136.45
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 82.29
  • 82.34
  • 82.24
5 min chart
  • GOLD
  • down
  • 1110.5
  • 1111.3
  • 1109.3
5 min chart
  • SILVER
  • up
  • 17.17
  • 17.218
  • 17.155
5 min chart
  • US500
  • up
  • 1149.6
  • 1150.4
  • 1149.4
5 min chart
  • UK Stocks
  • up
  • 5628.0
  • 5631.5
  • 5627.5
5 min chart
  • DEM Stocks
  • up
  • 5944.7
  • 5947.1
  • 5944.1
5 min chart
  • JP Stocks
  • down
  • 10718
  • 10756
  • 10718
5 min chart
  • AU Stocks
  • down
  • 4818.0
  • 4834.0
  • 4817.0
5 min chart
Data source: GFT

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