Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let’s look at some for Tesla (TSLA).
Archiv für den Monat: Januar 2024
Spot Bitcoin ETF Bonanza! Your Guide to Wall Street’s Hottest New Funds
The U.S. Securities and Exchange Commission on Wednesday announced the approval of 11 exchange-traded funds (ETFs), dubbed „spot Bitcoin ETFs.“
Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules
A new open letter alleges Big Tech „gatekeepers“ like Google, Microsoft, and Apple haven’t done enough to comply with the EU’s strict Digital Markets Act.
Morgan Stanley revenue tops estimates, helped by strong investment banking business
Morgan Stanley reported fourth-quarter earnings before the bell Tuesday that were lower than a year ago.
Trump is a ‚transactional president‘ but may not rock the boat on China, Standard Chartered CEO says
Trump would be „transactional“ if he returns to power but is unlikely to blow up Biden’s rebuilding of relations with China, says StanChart’s Bill Winters.
China’s premier tells Davos that innovation shouldn’t be used to restrict other nations
Chinese Premier Li Qiang was speaking Tuesday at the World Economic Forum in Davos, Switzerland.
Goldman Sachs tops revenue estimates on better-than-expected asset management results
Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon’s failed consumer banking efforts.
Morgan Stanley revenue tops estimates, helped by strong investment banking business
Morgan Stanley reported fourth-quarter earnings before the bell Tuesday that were lower than a year ago.
Goldman Sachs tops revenue estimates on better-than-expected asset management results
Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon’s failed consumer banking efforts.
The antipodean currencies fall to fresh five-week lows against the dollar
The dollar continues to stay strongly bid in European trading today and that is pitting the antipodean currencies at the lows for the day up against the greenback. AUD/USD is down 1% to 0.6595 currently and NZD/USD down 0.8% to 0.6150 as both currency pairs are seeing a major breakdown on the week. They are both trading to fresh five-week lows now and eyeing a steeper drop. Here’s a look at both charts:
There are similarities to both charts but the scale of the drop in AUD/USD looks to be more intense, as the pair now draws closer towards a test of its 200-day moving average (blue line) at 0.6581 next. As for NZD/USD, the drop today carries over the technical breakdown that was preluded already in trading yesterday here. As mentioned then:
„In any case, the fall now looks to potentially move away from the 23.6 Fib retracement level at 0.6228 and could angle towards the 38.2 Fib retracement level at 0.6141 as the next technical test.“
Adding to the technical setback for NZD/USD is a drop below its own 100-week moving average at 0.6213. That will give sellers an added edge to keep the downside momentum on the week going.
For trading today, the softer risk tone in markets is not really helping with the mood for the aussie and kiwi. European indices are lower across the board while S&P 500 futures are down 0.5% on the day currently.
Add that to higher yields and the potential technical breaches in other dollar pairs as well, and that is all setting up for a likely further decline in both AUD/USD and NZD/USD in the short-term.
This article was written by Justin Low at www.forexlive.com.