The greenback is weaker against all its major counterparts save the yen amid a rebound in broader market sentiment. Here are the setups we will be trading on USDCHF and USDJPY. Daily Winners and Losers The Swiss franc is the strongest performer against a weaker greenback with an advance of 0.65% ahead of the European close. Market sentiment is well supported with equities and Treasury yields rallying on stronger than
The greenback threatened its bullish trend on Friday as the Dow Jones-FXCM U.S. Dollar Index tumbled to a fresh weekly low of 9,913, but the reserve currency may snap back going into May should the Fed continue to soften its dovish tone for monetary policy.
McDonald’s (MCD, quote) reported Q1 earnings of $1.23 per share on revenue of $6.55 billion. McDonald’s was expected to report earnings, excluding items, of $1.23 a share on revenue of $6.54 billion putting the earnings in line with analysis expectations.
Honeywell (HON, quote) posts an up surprise first-quarter earnings of $1.04 per share on revenues of $9.3 billion. The market was expected the Honeywell to earn 99 cents a share, on revenue of $9.15 billion
As we start last day of trading for the week the market’s weekly outcome reminds clouded. Both the Dow 30 and S&P 500 remind positive for week, however, the NASDAQ is in negative territory on a two day losing streak for all three indexes.
Spain’s Treasury auction saw solid demand on Thursday sending U.S. futures higher. Spain issued 2.5 billion in Euros or 3.3 billion in U.S. Dollars across 2 and 10 year bonds. Although demand was high – yield ticked higher compare to the last auction in January. Within the secondary market yields for both were slightly below primary sale.
U.S. markets gave up less than a percent across the board, however, several stocks managed to hit 52 week highs today. I always find companies that a can buck broader trend are always worth looking further into. Traders alike have fund many nuggets o the 52 week high list.
Top Percent Gainers
CAMS short for CurveAheadMarketStrategies.com screens found unusual activity in CALL and PUT options buying at several strike levels at mid-day trading in Prologis Inc. (PDL, quote) Option traders are coming after the May CALL and PUTS at several strikes.
The S&P 500 futures are trading below fair value, suggesting a lower market opening this mornin after the U.S. stocks closed higher yesterday on improved results on a bond auction in Spain offset European economic worries. The S&P 500 index ended the day at 1390.78, up 1.55%. Analyisi are looking for Abbott Laboratories (ABT, quote) to post earnings $0.99 per share vs. earnings of $0.55 in the same period one
You must be logged in to post a comment.