The Traderszone Network

USD/JPY
– Sellers 113.80/00 (stop loss buys mingled in above 80 &90), 114.60, 115.00
– Buyers 113.00/10. Stop loss sellers building below 113.40
Currently 113.73

Image Source: NVIDIA

Large-cap stocks simply don’t increase 280% in a single year without a clear and meaningful catalyst. That’s exactly the case with graphics semiconductor giant NVIDIA (NASDAQ: NVDA), whose shares were one of the best performers on the market in 2016.

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AUD/USD
– Sellers 0.7570/80, 0.7600. Stops above 0.7610&15
– Buyers 0.7550/55 (not huge) then 0.7530 & 00 (ditto), Stop loss sells mingled below 0.7510 (& not huge again)
Currently 0.7563

Twitter Inc.

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Image source: Delta Air Lines.

For the second time in a week, a major U.S. airline grounded its fleet after its computer systems stopped working. The latest incident involved Delta Air Lines (NYSE: DAL), which canceled 170 flights on Sunday and another 110 on Monday because its “essential IT systems went down” over the weekend.

The issue at Delta Air Lines alone doesn’t seem suspicious — computers fail all the time. But there are two things that could lead one to wonder if there’s more to this than meets the eye.

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Greece is in the process of seeking a fresh round of funding (again)
– The country has at least 7bn EUR of bonds due to mature before August
– The IMF meets next week to discuss the country’s debt servicing capacity, with a main focus likely to be the need for debt forgiveness
Bloomberg carried a report overnight on the upcoming negotiations. I don’t know if it got a run on FXL,

I thought I’d post a reminder in case anyone is tuning in for the USD/CNY mid-rate setting from the People’s Bank of China
– We won’t get one until Friday this week (February 3)