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Get this via email from another broker but thought it was a good copy/paste. Thought it was worth a share and could give a few trade ideas. Also should we get a 'quick trade ideas' section running again? Or maybe @JamesIG can sort a competition or something based on new trade ideas? ;)

  • Optimism is fading as the US’s power struggle with China and Iran continues. By Wednesday morning, markets across the globe were feeling deflated as investors signalled a lack of appetite for the current level of political risk. In the US, the Dow Jones, S&P 500 and Nasdaq closed on Tuesday down 0.6%, 1.1% and 1.8% respectively since the start of the week, while China’s Shanghai Composite had dropped 1.6% by its close on Wednesday. In Europe, the picture is slightly better, with the FTSE 100 remaining flat overall. Germany’s DAX is one of the few major markets to post a positive result: on Wednesday morning it spiked to €12,290.46, up 0.13% from the start of the week.
  • Disney shares to enter new magical era? Some analysts view the stock’s latest holding pattern as a signal to buy, anticipating a further breakout after the company’s shares reached a record-high of $143 last week. Meanwhile, the company’s streaming strategy is gaining steam as Hulu, which Disney owns 60% of, has racked up 3.8m US subscribers in the year to date – outpacing competitor Netflix. Can Disney shares retest last week's all-time high? 
  • Micron surprises investors with latest results. Shares rallied as much as 10% in after-hours trading after the chipmaker delivered adjusted EPS of $1.05 and revenues of $4.79bn last quarter – both exceeding consensus forecasts (although still representing a 39% year-on-year revenue drop). Overall, its shares are down 25.7% since its year-to-date high of $43.99 and 0.2% since the start of the year. Some analysts now view Micron as a buy opportunity – with BAML saying they see value in the company’s low valuation.
  • UK high streets still have their champions. While the high-profile turnaround struggles of Debenhams and New Look have been well-documented of late, stocks in sectors like sports retail and value apparel are bucking the trend with strong year-to-date growth. The 3 stocks bucking UK retail's spiralling decline.
  • Match Group enters buying territory. After a dip during the latter half of last week, the parent of dating app Tinder rebounded sharply, rising 7% to 71.48 through Monday. That puts the stock 5% below its flat-base buy point of $75.38, according to Investor’s Business Daily. Match’s stock has had a meteoric 58% rise year-to-date, powered by strong metrics around the Tinder app’s usage and plans to tap Asia’s legion of smartphone users.
  • FedEx reports estimates-beating results. On Tuesday, FedEx announced earnings of $5.01 per share based on revenues of $17.81bn, beating consensus EPS estimates by $0.20. The results do not seem to be enough to reverse the logistics company’s share price trajectory, though, which continued to fall in after-hours trading. On Monday, the Wall Street Journal reported that FedEx had been slashing prices to support its Express service – which also cut ties with Amazon earlier this month – sending the share value down 4.9% by Tuesday’s close.
  • Evercore switches tune on Spotify. Evercore ISI analysts downgraded the Swedish music streaming company from in-line to underperform, cutting its price target by $15 to $110, citing scepticism over the ability to meet Wall Street estimates. Spotify’s stock closed down 1% to $145.69 on Monday. Also on Monday Spotify was revealed to have been exaggerating the amount of “app tax” it pays on Apple’s App Store; Spotify’s CEO Daniel Ek has complained that Apple requires Spotify to pay a 30% tax on purchases made through Apple’s payment system; Apple responded by saying Spotify has never paid more than 15%. 
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  • Nike’s earnings missed expectations for the first time since 2012. The sneaker giant’s earnings fell short of Wall Street estimates, coming in at $0.62 for the quarter and $2.49 for the year, compared to the $0.66 and $2.55 expected, respectively. Analysts remain bullish on the stock, though, with Morgan Stanley’s Lauren Cassel saying ‘NKE remains our top pick’. 
  • Uber hits an all-time high. On Friday, the ride-hailing platform’s shares closed at $46.38, up 7% from Thursday’s open. The rally, which marks the first time Uber’s share price has closed above its IPO price of $45, followed news that the company plans to expand its services into West Africa. It remains to be seen if Uber can continue this momentum; its Q1 results, released on 3 June, showed net losses had more than doubled from $478m in 2018 to $1.01bn. 
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    • The ECB is expected to raise rates again at its meeting this week, but will it be enough to bolster the euro? Source: Bloomberg   Forex Indices European Central Bank Euro EUR/USD United States dollar  Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 31 January 2023  What will the ECB do? The European Central Bank (ECB) is expected to raise rates by 50bps at its meeting. What is the background? Like most major central banks, the ECB has been pushed into raising rates in order to combat high levels of inflation. While energy prices have come down, price increases remain above the ECB’s 2% target, and as a result, the bank still views it as necessary to push ahead. No ECB member has dissented from this view of late, leaving markets with little indication that a dovish caucus is forming. Indeed, inflation remains high, but economic data remains resilient. Expectations for a recession, which were widespread as 2022 ended and 2023 began, have been pushed further out, towards the second half of this year and even into 2024, helped by a slump in energy costs that has allayed the worst fears of economists and investors. What is the market impact? If the ECB can send a suitably hawkish message along with the expected 50bps rate hike, then the euro may receive some support against the US dollar. However, euro bulls must be aware that the pair has come a long way since the October lows, and while it only puts a modest dent in the 2022 downtrend, it does mean that the bar for further EUR/USD gains is rather high. This is coupled with negative divergence on the daily MACD indicator, which suggests weakening bullish momentum in the short-term and a general unwillingness to push the rally much further in the near-term. If the ECB is not viewed as being sufficiently hawkish, then EUR/USD may continue to weaken from its eight-month highs, but a move below $1.05 would be the minimum needed to indicate that the sellers have reasserted control. Source: ProRealTime Meanwhile in indices, a weaker euro could give the Dax some fresh impetus, but this would need to be fairly strong to counter worries about a weakening eurozone economy that might ensue. And if the ECB is much more hawkish and provides EUR/USD with a reason to recover then the risk to eurozone stocks is skewed to the downside. Some might argue that, given the huge rally in the Dax this month, some weakness is needed to take the froth out of the index, which may well be pricing in too optimistic a scenario. A drop back towards the 50-day SMA might bring the June and November 2022 highs into view as potential support. This would still leave the uptrend intact. Bulls would welcome further gains in order to cancel out the MACD’s negative divergence that looms large at present. Further upside targets 15,605 and then 15,725. Source: ProRealTime
    • Charting the Markets: 31 January FTSE, DAX and Nasdaq consolidate after latest leg higher. EUR/USD and GBP/USD fall back while USD/JPY rallies, ahead of central bank decisions. And Brent, gold and aluminium prices drop ahead of central bank meetings. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Tuesday 31 January 2023           This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • EUR/USD and GBP/USD fall back while USD/JPY rallies, as investors await central bank decisions The dollar has recovered to an extent this week, but the uptrends in EUR/USD and GBP/USD, along with the downtrend in USD/JPY, remain intact for now.  Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 31 January 2023  EUR/USD continues to drop back from recent high A modest pullback continues here with EUR/USD, eating into gains made since the beginning of the year. As markets brace themselves for a double hit of a Federal Reserve (Fed) and European Central Bank (ECB) meeting within a 24-hour period, EUR/USD has fallen back somewhat from the eight-month highs it reached last week. This is the first real weakness since the first week of January, and would leave the uptrend intact unless we see a move back below $1.04. If the price recovers above $1.05 then the bullish view is arguably intact and a bounce back towards $1.09 and higher may well develop. Source: ProRealTime GBP/USD stalls at December high Weakness here with GBP/USD has seen the price falter at a similar level to early December, with a possible negative divergence in the daily moving average convergence/divergence (MACD) sending a cautionary signal for bulls. Just as EUR/USD traders have to deal with the Fed and ECB decisions within the same 24-hour period, cable traders must cope with the Bank of England (BoE) decision following hard on the heels of the Fed’s. Much thus depends on that period for the next move in GBP/USD, though it will still arguably take much steeper losses to reverse the broadly bullish outlook. For that to happen we would need to see a drop below the 50-day simple moving average (SMA), followed up by a fall below the 200-day SMA. Having failed to establish a higher high, and with the MACD negative divergence a risk, the uptrend could come under pressure. A reversal above $1.24 would put the buyers back in charge. Source: ProRealTime USD/JPY edges up The greenback in USD/JPY has seen a modest recovery off its January lows, as the Bank of Japan (BoJ) dials down any hint of hawkish rhetoric. Nonetheless, the downtrend is still firmly placed. A move back above the 50-day SMA to suggest perhaps some further short-term strength, but the mid-December high around ¥134.00 would act as a barrier. Sellers will be looking for a fresh reversal that puts a move back to the January lows in play, and then sees a move below the May 2022 low around ¥126.50. Source: ProRealTime
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