2nd Quarterly Earnings Reports Adds A Tinge Of Optimism.By Kenneth@Xtrade - on July 13, 2018
Asian Markets are positively bullish Friday morning bolstered by upbeat US consumer sentiment and rebounds from the effects of the Trade Tariffs Threat, (TTT).
The USD reaffirmed its position versus other currencies rallying up to 10-Day highs, brought on by the surging of US yields and expectations of an upbeat Quarterly earnings report from some of the most notable Banks such as Citigroup Inc,(C), JPMorgan Chase & Co, (JPM), Wells Fargo & Co,(WFC),& First Republic Bank,(FRC) to name but a few.
- Global Stocks:
Germany 30 was up 0.22% in a range of 12,517.60 – 12,584.59
France 40 was also up 0.34% trending between 5,421.5 – 5,440.0
With the USD up other majors are down in classic inverse correlation
EUR/USD down 0.33% 1.1627 – 1.1675
GBP/USD pinned down 0.61%
AUD/USD is also bearish to the USD slipping 0.43% in a range of 0.7368 – 0.7422.
The USD/JPY is raising eyebrows with US piping up from 112.42 – 112.80
Commodities reversed Thursday’s gains in most assets Oil is down and so is Gold. Baker Hughes Rig count on tap
Cryptocurrencies are very bullish
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