News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
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
Oil - US Crude
Mixed
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
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/F4dXbUzU3o https://t.co/G0ZWWVtSrZ
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfIZNKr https://t.co/5js6tWk5bY
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/Z71MZEIJWC https://t.co/YAr1kN4eKd
  • Coinbase’s impending initial public offering could provide the necessary fuel for Bitcoin to push to fresh record highs in the coming days. Get your market update from @DanielGMoss here:https://t.co/twdu0zqmIM https://t.co/72HRMZlKUn
  • The Swiss Franc has positioned itself against key levels versus the Australian Dollar, New Zealand Dollar and Euro over the past week. Where next for AUD/CHF, NZD/CHF and EUR/CHF? Find out from @FxWestwater here:https://t.co/CrtQGzvWnm https://t.co/j5Zjn5zY0D
  • (Weekly Fundy) Australian Dollar Forecast: AUD/USD May Rise as Dovish Fed Calms Yields, US Dollar $AUDUSD #AUD #USD #Bonds #Fed https://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2021/04/17/Australian-Dollar-Forecast-AUDUSD-May-Rise-as-Dovish-Fed-Calms-Yields-US-Dollar.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/gQDr5fBosb
  • The Japanese Yen and Swiss Franc may outperform the US Dollar amid rising long bets in USD/JPY and USD/CHF. But, broader uptrends since January could still remain in play. Get your market update from @ddubrovskyFX here:https://t.co/Qpeuuyrxhj https://t.co/EfgW9aj7wo
  • Bitcoin struggled to maintain a push into record highs and appears to be vulnerable to a near-term pullback. Litecoin and Ethereum saw more aggressive gains, will their momentum accelerate? Get your $btc market update from @ddubrovskyFX here:https://t.co/f5d7qs5j3z https://t.co/xxMX4YFKCC
  • The US Dollar is looking increasingly vulnerable to ASEAN FX, with USD/SGD and USD/THB breaching key support. USD/IDR is eyeing a Rising Wedge, USD/PHP may face February lows. Get your $USD market update from @ddubrovskyFX here:https://t.co/7rSQzu0sx9 https://t.co/5mmTfs00lT
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/F7qhF7cazx
Google’s Earnings Beat Breathes Life into FANG, US Equities

Google’s Earnings Beat Breathes Life into FANG, US Equities

Peter Hanks, Strategist

Talking Points:

  • Google beat on revenue and earnings per share, before accounting for fines, sending the stock higher in after-hours trading
  • A recent EU anti-trust fine will cost the tech-giant $5 billion, Google will file for appeal
  • Alphabet 2Q revenue grew $26.24 billion versus $25.55 billion forecasted

Check out our Third Quarter Forecasts for Currencies, Commodities and Equities to Enhance Your Trading Opportunities!

As the overarching, US equity bull phase approaches a decade, earnings season is an opportunity for corporations to do their part in extending it. Starting this week on a strong footing Monday, Google released earnings figures for 2Q 2018, posting a beat and subsequently climbing in after-hours trading. Against an expected revenue of $25.55 billion, Google reported $26.24. Earnings per share including fines came in at $4.54. Factoring out the fines, EPS would have weighed in at $11.75 versus an expected $11.68. Revenue for a year prior was $20.9 billion, also influenced by a fine from the European Commission.

The Silicon Valley giant faces a wave of regulatory scrutiny both domestically and abroad with the European Commission levying a $5 billion fine just days before earnings. The fine is the result of anti-trust violations with Google’s Android mobile operating system. The fine nearly doubles last year’s payment of $2.7 billion to the European Commission. Alphabet said they will look to appeal the $5 billion hit and in the meantime will accrue it as a charge in the second quarter. Moving forward, mobile profits in Europe could be challenged should the appeal fail and competitors gain ground on the Android system.

Google’s Earnings Beat Breathes Life into FANG, US Equities

Chart from Marketwatch

Despite the unfavorable adjustment to EPS, investors and traders took the report as a healthy reading with Alphabet shares climbing 6% in after-hours trading before levelling off near 4%. The climb contrasts last week’s miss by FANG member Netflix, which saw its shares drop precipitously. US investors will gain further insight on the health of the tech industry when Facebook and Amazon, the two remaining FANG members, report earnings on July 25th and 26th respectively. If the remaining giants deliver strong performances, US equities may be able to shrug off some of the recent concerns blowing in from trade wars.

To learn about the history of trade wars, read the Brief History of Trade Wars.

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

DISCLOSURES