We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/EIC9YqfTec
  • Anybody else think that casting directors in movies are some of the most underrated people when it comes to giving a film/series credit?
  • No https://t.co/EoBltaP17k
  • Crude #oilprices may face heightened liquidation pressure as the cycle-sensitive #commodity finds itself under the pressure of resilient resistance and a vulnerable, multi-week rising channel. Get your crude #oil market update from @ZabelinDimitri here: https://t.co/cGPX4qcOH1 https://t.co/0U4JMJVFuf
  • The @ecb will likely boost its Pandemic Emergency Purchase Program at Thursday’s meeting of its Governing Council; a move that could give the #Euro a lift. Get your currencies market update from @MartinSEssex here: https://t.co/I4PbmJNG1z https://t.co/hu6Ld1KdDB
  • $GBPUSD doesn’t have the cleanest set of technical indications, but #USD may give indications if it can break its trading range via the $DXY. Get your currencies market update from @PaulRobinsonFX here: https://t.co/PrC9wAaXvU https://t.co/vHYHflwqR3
  • The ongoing contraction in US production may keep #oilprices afloat in June as crude output falls to its lowest level since October 2018. Get your crude #oil market update from @DavidJSong https://t.co/jj1bMLX0DF https://t.co/O9NOqbfHkb
  • watching the #SpaceX launch🍿
  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here:https://t.co/MtNrHmXZpD https://t.co/d00z4019XE
  • The medium-term #gold outlook still seems favorable as the #Fed, #ECB and more keep rates around 0. Immediate event risk ahead includes the #RBA and #BoC interest rate decisions, US jobs data and Brexit. Get your gold market update from @ddubrovskyFX here: https://t.co/ABXy78LmUn https://t.co/rCALcGaKOL
Facebook Earnings Lifts Sagging Earnings Season and Sentiment

Facebook Earnings Lifts Sagging Earnings Season and Sentiment

2016-01-28 04:31:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • Facebook Inc. 4Q revenue printed $5.84b vs $5.37b expected
  • CFO David Wehner said company to face FX headwinds
  • S&P 500 and Facebook shares 120 day correlation at +0.72

Losing Money Trading Forex? This Might Be Why.

Facebook released its earnings report for the fourth quarter of 2015 which largely beat estimates. The company’s total revenue came in at 5.84 billion US Dollars versus the 5.37 billion expected by analysts. Earnings per share came out to 79 cents compared to the 68 cents forecasted.

The surge in sales is reportedly heavily influenced by Facebook’s advertising campaign. In last few months of 2015, mobile ad revenue increased to 80 percent of totaladvertisement revenue. It was only 69 percent in the fourth quarter of 2014. At the same time, mobile monthly active users increased 25 percent creating a larger target audience.

Facebook’s Chief Financial Officer David Wehner said that 2016 will be the year of investment. Generally accepted accounting principles (GAAP) expenses are expected to increase 30 to 40 percent. David Wehner also cited uncertainty in the overall macro environment with Facebook to face FX headwinds. Social media was one of the sectors that Fed Chair Janet Yellen notably called out as having a rich valuation back in the summer of 2014 (along with biotechnology). Strength in earnings from this key company may offer a confidence boost where general earnings have deteriorated.

Yesterday, Apple Inc. released its first quarter earnings. Like the tech giant before it, Facebook shares have been following movements in the S&P 500. The correlation between the two is +0.72 over the past 120 trading days. The closer the value is to +1.0, the more the two assets move in synchronization.

Facebook Earnings Lifts Sagging Earnings Season and Sentiment

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.